California State Teachers Retirement System reduced its position in EnPro Industries, Inc. (NYSE:NPO) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,857 shares of the industrial products company’s stock after selling 3,650 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of EnPro Industries worth $2,727,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Riverhead Capital Management LLC boosted its stake in shares of EnPro Industries by 55.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 665 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of EnPro Industries in the 3rd quarter valued at $200,000. Amalgamated Bank boosted its stake in shares of EnPro Industries by 3.4% in the 2nd quarter. Amalgamated Bank now owns 2,950 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 98 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of EnPro Industries in the 3rd quarter valued at $306,000. Finally, Quantbot Technologies LP bought a new stake in shares of EnPro Industries in the 3rd quarter valued at $339,000. 92.86% of the stock is currently owned by institutional investors.
In other EnPro Industries news, insider Stephen E. Macadam sold 25,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $84.06, for a total value of $2,101,500.00. Following the transaction, the insider now directly owns 194,447 shares of the company’s stock, valued at $16,345,214.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is currently owned by company insiders.
Several research analysts recently issued reports on the stock. KeyCorp raised shares of EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 target price on the stock in a research note on Friday, December 8th. Zacks Investment Research lowered shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, November 3rd. Oppenheimer increased their target price on shares of EnPro Industries from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. B. Riley set a $100.00 target price on shares of EnPro Industries and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Finally, FBR & Co set a $100.00 target price on shares of EnPro Industries and gave the stock a “buy” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. EnPro Industries presently has an average rating of “Buy” and an average price target of $99.17.
Shares of EnPro Industries, Inc. (NPO) traded down $2.51 during midday trading on Friday, reaching $86.18. 142,607 shares of the company traded hands, compared to its average volume of 96,897. The company has a market capitalization of $1,837.87, a price-to-earnings ratio of 48.42, a PEG ratio of 1.62 and a beta of 1.03. EnPro Industries, Inc. has a fifty-two week low of $61.36 and a fifty-two week high of $94.79. 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 declared that its board has authorized a share repurchase plan on Monday, October 30th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
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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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