EnPro Industries, Inc. (NPO) Shares Sold by American Century Companies Inc.
American Century Companies Inc. lessened its holdings in shares of EnPro Industries, Inc. (NYSE:NPO) by 18.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 307,714 shares of the industrial products company’s stock after selling 67,736 shares during the period. American Century Companies Inc.’s holdings in EnPro Industries were worth $28,774,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new position in shares of EnPro Industries during the 4th quarter worth about $210,000. Granite Investment Partners LLC acquired a new position in EnPro Industries in the 4th quarter valued at approximately $8,934,000. Parametrica Management Ltd acquired a new position in EnPro Industries in the 4th quarter valued at approximately $791,000. Mutual of America Capital Management LLC raised its holdings in EnPro Industries by 0.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 111,577 shares of the industrial products company’s stock valued at $10,434,000 after acquiring an additional 673 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new position in EnPro Industries in the 4th quarter valued at approximately $2,470,000. 93.12% of the stock is owned by institutional investors and hedge funds.
EnPro Industries, Inc. (NPO) opened at $83.28 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 2.27 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1,780.00, a P/E ratio of 3.61, a price-to-earnings-growth ratio of 1.48 and a beta of 1.03. EnPro Industries, Inc. has a twelve month low of $61.36 and a twelve month high of $94.79.
EnPro Industries declared that its Board of Directors has initiated a share buyback program on Monday, October 30th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be issued a $0.24 dividend. This is a boost from EnPro Industries’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.15%. EnPro Industries’s dividend payout ratio is presently 3.82%.
Several research firms have commented on NPO. B. Riley reaffirmed a “buy” rating on shares of EnPro Industries in a report on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of EnPro Industries in a report on Friday, October 20th. Zacks Investment Research cut EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Friday, November 3rd. FBR & Co set a $100.00 price target on EnPro Industries and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, Oppenheimer upped their price target on EnPro Industries from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. EnPro Industries currently has an average rating of “Buy” and an average price target of $99.17.
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EnPro Industries Profile
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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