Analysts Set EnPro Industries, Inc. (NYSE:NPO) Price Target at $84.25
EnPro Industries, Inc. (NYSE:NPO) has been given a consensus rating of “Hold” by the seven brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $84.25.
Several equities analysts have recently weighed in on NPO shares. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded Yirendai from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. Finally, TheStreet upgraded Exantas Capital from a “d+” rating to a “c” rating in a report on Thursday, May 2nd.
Several large investors have recently made changes to their positions in NPO. JPMorgan Chase & Co. increased its holdings in EnPro Industries by 89.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 18,032 shares of the industrial products company’s stock worth $1,316,000 after purchasing an additional 8,502 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in EnPro Industries during the 4th quarter worth approximately $474,000. LPL Financial LLC increased its holdings in EnPro Industries by 6.3% during the 4th quarter. LPL Financial LLC now owns 6,130 shares of the industrial products company’s stock worth $368,000 after purchasing an additional 362 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in EnPro Industries during the 4th quarter worth approximately $75,000. Finally, PNC Financial Services Group Inc. increased its holdings in EnPro Industries by 28.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,856 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 411 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.
EnPro Industries (NYSE:NPO) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.26). The firm had revenue of $360.30 million during the quarter, compared to analyst estimates of $373.60 million. EnPro Industries had a net margin of 1.65% and a return on equity of 9.13%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, sell-side analysts anticipate that EnPro Industries will post 4.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.62%. EnPro Industries’s payout ratio is currently 25.58%.
EnPro Industries Company Profile
EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing products; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; and modular sealing systems for sealing pipeline penetrations.
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