Shares of EnPro Industries, Inc. (NYSE:NPO) have earned an average rating of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $99.17.
NPO has been the subject of a number of recent research reports. KeyCorp reissued a “hold” rating on shares of EnPro Industries in a report on Friday, October 20th. FBR & Co set a $100.00 target price on shares of EnPro Industries and gave the company a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research lowered shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Friday, November 3rd. B. Riley reissued a “buy” rating on shares of EnPro Industries in a report on Wednesday, November 1st. Finally, Oppenheimer raised their target price on shares of EnPro Industries from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, December 14th.
EnPro Industries (NPO) traded down $2.51 during mid-day trading on Friday, hitting $86.18. 142,607 shares of the company were exchanged, compared to its average volume of 96,897. EnPro Industries has a 1 year low of $61.36 and a 1 year 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. The stock 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 declared that its board has approved a stock repurchase program on Monday, October 30th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
In other EnPro Industries news, insider Stephen E. Macadam sold 25,000 shares of EnPro Industries stock in a transaction on Monday, November 6th. The shares were sold at an average price of $84.06, for a total transaction of $2,101,500.00. Following the completion of 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 owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverhead Capital Management LLC boosted its stake in EnPro Industries by 55.4% during the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock worth $133,000 after buying an additional 665 shares during the period. SG Americas Securities LLC purchased a new position in EnPro Industries during the third quarter worth $200,000. Cubist Systematic Strategies LLC boosted its stake in EnPro Industries by 64.2% during the third quarter. Cubist Systematic Strategies LLC now owns 2,489 shares of the industrial products company’s stock worth $200,000 after buying an additional 973 shares during the period. Meeder Asset Management Inc. purchased a new position in EnPro Industries during the fourth quarter worth $210,000. Finally, Amalgamated Bank boosted its stake in EnPro Industries by 3.4% during the second quarter. Amalgamated Bank now owns 2,950 shares of the industrial products company’s stock worth $211,000 after buying an additional 98 shares during the period. 92.86% of the stock is owned by institutional investors.
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About EnPro Industries
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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