Zacks Investment Research Upgrades EnPro Industries (NPO) to Strong-Buy
EnPro Industries (NYSE:NPO) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Friday. The brokerage presently has a $80.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 13.25% from the company’s previous close.
According to Zacks, “EnPro Industries, Inc. is a leader in sealing products, metal polymer bearings, compressor systems and other engineered products for use in critical applications by industries worldwide. “
A number of other research analysts have also weighed in on NPO. BidaskClub lowered EnPro Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a research report on Thursday, August 3rd. Finally, FBR & Co reiterated an “outperform” rating on shares of EnPro Industries in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $82.50.
Shares of EnPro Industries (NYSE:NPO) opened at 70.64 on Friday. The company has a market cap of $1.51 billion, a PE ratio of 82.72 and a beta of 1.10. The company’s 50-day moving average is $72.00 and its 200 day moving average is $69.30. EnPro Industries has a 52-week low of $52.00 and a 52-week high of $77.65.
EnPro Industries (NYSE:NPO) last posted its earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.35. The company had revenue of $347 million for the quarter, compared to analysts’ expectations of $347.13 million. EnPro Industries had a net margin of 1.56% and a return on equity of 8.71%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 EPS. On average, analysts anticipate that EnPro Industries will post $2.61 EPS for the current year.
In other news, insider Stephen E. Macadam sold 26,318 shares of EnPro Industries stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the completion of the sale, the insider now owns 245,765 shares in the company, valued at approximately $18,206,271.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Todd L. Anderson sold 2,148 shares of EnPro Industries stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total value of $156,095.16. Following the sale, the insider now owns 9,000 shares of the company’s stock, valued at approximately $654,030. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of EnPro Industries by 126,215.4% in the first quarter. BlackRock Inc. now owns 2,600,835 shares of the industrial products company’s stock worth $185,076,000 after buying an additional 2,598,776 shares during the period. Vanguard Group Inc. increased its stake in shares of EnPro Industries by 1.0% in the second quarter. Vanguard Group Inc. now owns 1,922,369 shares of the industrial products company’s stock worth $137,199,000 after buying an additional 19,621 shares during the period. Silver Point Capital L.P. increased its stake in shares of EnPro Industries by 3.4% in the second quarter. Silver Point Capital L.P. now owns 1,850,600 shares of the industrial products company’s stock worth $132,077,000 after buying an additional 60,600 shares during the period. Daruma Capital Management LLC increased its stake in shares of EnPro Industries by 1.1% in the second quarter. Daruma Capital Management LLC now owns 818,894 shares of the industrial products company’s stock worth $58,444,000 after buying an additional 9,234 shares during the period. Finally, State Street Corp increased its stake in shares of EnPro Industries by 3.8% in the second quarter. State Street Corp now owns 529,442 shares of the industrial products company’s stock worth $37,786,000 after buying an additional 19,542 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.
About EnPro Industries
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.
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