EnPro Industries (NYSE:NPO) was upgraded by KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued to investors on Friday. The firm currently has a $105.00 price objective on the industrial products company’s stock. KeyCorp’s price target would suggest a potential upside of 17.54% from the stock’s previous close.

A number of other equities research analysts also recently commented on NPO. BidaskClub downgraded EnPro Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $80.00 target price on the stock in a research report on Friday, September 1st. FBR & Co reiterated a “buy” rating and issued a $85.00 target price on shares of EnPro Industries in a research report on Tuesday, September 12th. Finally, B. Riley reiterated a “buy” rating on shares of EnPro Industries in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $94.00.

Shares of EnPro Industries (NYSE NPO) opened at $89.33 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.27 and a quick ratio of 1.59. The company has a market capitalization of $1,905.05, a PE ratio of 50.19, a P/E/G ratio of 2.30 and a beta of 1.18. EnPro Industries has a 52-week low of $61.36 and a 52-week high of $91.00.

EnPro Industries (NYSE:NPO) last posted its earnings results on Monday, October 30th. The industrial products company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). The firm had revenue of $343.70 million during the quarter, compared to analysts’ expectations of $324.00 million. EnPro Industries had a return on equity of 7.92% and a net margin of 40.74%. EnPro Industries’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. analysts anticipate that EnPro Industries will post 2.51 EPS for the current fiscal year.

EnPro Industries announced that its Board of Directors has authorized a stock buyback program on Monday, October 30th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other EnPro Industries news, insider Stephen E. Macadam sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $84.06, for a total transaction of $2,101,500.00. Following the sale, the insider now directly owns 194,447 shares of the company’s stock, valued at $16,345,214.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of NPO. Gamco Investors INC. ET AL increased its stake in EnPro Industries by 33.9% during the third quarter. Gamco Investors INC. ET AL now owns 400,220 shares of the industrial products company’s stock worth $32,230,000 after acquiring an additional 101,400 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in EnPro Industries during the third quarter worth approximately $7,927,000. Castleark Management LLC bought a new stake in EnPro Industries during the second quarter worth approximately $6,456,000. American Century Companies Inc. increased its stake in EnPro Industries by 19.4% during the second quarter. American Century Companies Inc. now owns 463,864 shares of the industrial products company’s stock worth $33,106,000 after acquiring an additional 75,506 shares during the last quarter. Finally, Silver Point Capital L.P. increased its stake in EnPro Industries by 3.4% during 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 acquiring an additional 60,600 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

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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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