TCW Group Inc. lessened its holdings in EnPro Industries, Inc. (NYSE:NPO) by 26.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,876 shares of the industrial products company’s stock after selling 24,396 shares during the quarter. TCW Group Inc. owned approximately 0.31% of EnPro Industries worth $6,253,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of NPO. Eagle Asset Management Inc. acquired a new position in EnPro Industries in the fourth quarter valued at $17,956,000. Gamco Investors INC. ET AL boosted its stake in EnPro Industries by 33.9% in the third quarter. Gamco Investors INC. ET AL now owns 400,220 shares of the industrial products company’s stock valued at $32,230,000 after acquiring an additional 101,400 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in EnPro Industries in the third quarter valued at $7,927,000. Bank of New York Mellon Corp boosted its stake in EnPro Industries by 32.7% in the fourth quarter. Bank of New York Mellon Corp now owns 399,152 shares of the industrial products company’s stock valued at $37,325,000 after acquiring an additional 98,315 shares in the last quarter. Finally, Granite Investment Partners LLC acquired a new position in EnPro Industries in the fourth quarter valued at $8,934,000. 94.22% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on NPO shares. FBR & Co set a $100.00 price objective on shares of EnPro Industries and gave the company a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research downgraded shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, November 3rd. B. Riley restated a “buy” rating on shares of EnPro Industries in a research note on Wednesday, November 1st. KeyCorp upgraded shares of EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 price objective for the company in a research note on Friday, December 8th. Finally, Oppenheimer upped their price objective on shares of EnPro Industries from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. EnPro Industries currently has a consensus rating of “Buy” and a consensus price target of $96.00.
Shares of EnPro Industries, Inc. (NPO) opened at $75.27 on Wednesday. EnPro Industries, Inc. has a 12 month low of $62.19 and a 12 month high of $94.79. The firm has a market cap of $1,644.64, a PE ratio of 33.53, a PEG ratio of 1.29 and a beta of 1.03. The company has a current ratio of 3.08, a quick ratio of 2.32 and a debt-to-equity ratio of 0.69.
EnPro Industries (NYSE:NPO) last announced its earnings results on Tuesday, February 13th. The industrial products company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. EnPro Industries had a net margin of 40.39% and a return on equity of 8.05%. The business had revenue of $362.50 million during the quarter, compared to the consensus estimate of $348.10 million. research analysts expect that EnPro Industries, Inc. will post 3.87 EPS for the current fiscal year.
EnPro Industries announced that its Board of Directors has authorized a stock repurchase program on Monday, October 30th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be paid a dividend of $0.24 per share. This is an increase from EnPro Industries’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, March 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. EnPro Industries’s dividend payout ratio is 3.63%.
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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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