EnPro Industries, Inc. (NYSE:NPO) Short Interest Up 7.1% in August
EnPro Industries, Inc. (NYSE:NPO) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 764,200 shares, an increase of 7.1% from the July 31st total of 713,800 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average trading volume of 118,600 shares, the short-interest ratio is presently 6.4 days.
Separately, Zacks Investment Research raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $81.00.
EnPro Industries stock traded up $0.33 during trading hours on Friday, hitting $70.49. 119,894 shares of the company traded hands, compared to its average volume of 113,329. The firm has a market cap of $1.46 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.13 and a beta of 1.86. The company has a quick ratio of 1.65, a current ratio of 2.52 and a debt-to-equity ratio of 0.49. The firm’s 50-day simple moving average is $64.30 and its two-hundred day simple moving average is $64.99. EnPro Industries has a 1-year low of $55.43 and a 1-year high of $78.31.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.00 annualized dividend and a yield of 1.42%. EnPro Industries’s payout ratio is 25.58%.
In other news, CEO Judd Dayton acquired 40,508 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of $9.75 per share, with a total value of $394,953.00. Also, Director Stephen E. Macadam sold 11,261 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $67.26, for a total transaction of $757,414.86. Following the completion of the sale, the director now directly owns 227,388 shares in the company, valued at approximately $15,294,116.88. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan boosted its position in shares of EnPro Industries by 1.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,410 shares of the industrial products company’s stock valued at $537,000 after purchasing an additional 140 shares in the last quarter. Mason Street Advisors LLC boosted its position in shares of EnPro Industries by 3.6% during the 1st quarter. Mason Street Advisors LLC now owns 6,675 shares of the industrial products company’s stock valued at $430,000 after purchasing an additional 234 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its position in shares of EnPro Industries by 6.4% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 5,245 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 315 shares in the last quarter. Comerica Bank boosted its position in shares of EnPro Industries by 2.2% during the 1st quarter. Comerica Bank now owns 20,587 shares of the industrial products company’s stock valued at $1,438,000 after purchasing an additional 435 shares in the last quarter. Finally, Aperio Group LLC boosted its position in shares of EnPro Industries by 6.7% during the 2nd quarter. Aperio Group LLC now owns 7,287 shares of the industrial products company’s stock valued at $465,000 after purchasing an additional 459 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.
About EnPro Industries
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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