EnPro Industries (NYSE:NPO) – Investment analysts at KeyCorp issued their FY2017 earnings estimates for shares of EnPro Industries in a research note issued on Monday, according to Zacks Investment Research. KeyCorp analyst J. Hammond forecasts that the industrial products company will earn $2.21 per share for the year. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for EnPro Industries’ Q4 2017 earnings at $0.62 EPS and FY2018 earnings at $3.52 EPS.
A number of other equities analysts also recently weighed in on the company. B. Riley restated a “buy” rating on shares of EnPro Industries in a research note on Wednesday, November 1st. Zacks Investment Research downgraded EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, November 3rd. FBR & Co set a $100.00 target price on EnPro Industries and gave the stock a “buy” rating in a research note on Tuesday, October 31st. BidaskClub downgraded EnPro Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. EnPro Industries has a consensus rating of “Hold” and a consensus price target of $88.33.
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Shares of EnPro Industries (NYSE:NPO) opened at $82.49 on Thursday. EnPro Industries has a twelve month low of $58.80 and a twelve month high of $84.98. The company has a market capitalization of $1,759.18, a P/E ratio of 46.34, a price-to-earnings-growth ratio of 2.16 and a beta of 1.17. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.59 and a current ratio of 2.27.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings data 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 company had revenue of $343.70 million for the quarter, compared to the consensus estimate of $324.00 million. EnPro Industries had a return on equity of 7.92% and a net margin of 40.74%. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.88 annualized dividend and a dividend yield of 1.07%. EnPro Industries’s dividend payout ratio is currently 3.82%.
EnPro Industries declared that its board has approved a share buyback plan on Monday, October 30th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
In other EnPro Industries news, insider Stephen E. Macadam sold 25,000 shares of the stock in a transaction 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 owns 194,447 shares in the company, valued at $16,345,214.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.
Several large investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. increased its holdings in shares of EnPro Industries by 13.3% in the first quarter. UBS Asset Management Americas Inc. now owns 11,057 shares of the industrial products company’s stock worth $787,000 after purchasing an additional 1,300 shares during the period. OppenheimerFunds Inc. increased its stake in EnPro Industries by 15.7% in the first quarter. OppenheimerFunds Inc. now owns 13,522 shares of the industrial products company’s stock valued at $962,000 after acquiring an additional 1,835 shares during the last quarter. Legal & General Group Plc increased its stake in EnPro Industries by 0.5% in the first quarter. Legal & General Group Plc now owns 38,125 shares of the industrial products company’s stock valued at $2,710,000 after acquiring an additional 208 shares during the last quarter. Vanguard Group Inc. increased its stake in EnPro Industries by 4.7% in the first quarter. Vanguard Group Inc. now owns 1,902,748 shares of the industrial products company’s stock valued at $135,399,000 after acquiring an additional 85,493 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in EnPro Industries by 3.0% in the first quarter. Geode Capital Management LLC now owns 163,021 shares of the industrial products company’s stock valued at $11,599,000 after acquiring an additional 4,724 shares during the last quarter. Hedge funds and other institutional investors own 94.51% of the company’s stock.
EnPro Industries Company 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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