Pinebridge Investments L.P. cut its holdings in EnPro Industries, Inc. (NYSE:NPO) by 15.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,673 shares of the industrial products company’s stock after selling 3,703 shares during the period. Pinebridge Investments L.P.’s holdings in EnPro Industries were worth $1,932,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in EnPro Industries during the 4th quarter valued at about $210,000. LS Investment Advisors LLC grew its holdings in EnPro Industries by 225.3% during the 4th quarter. LS Investment Advisors LLC now owns 2,388 shares of the industrial products company’s stock valued at $223,000 after purchasing an additional 1,654 shares during the last quarter. SG Americas Securities LLC bought a new position in EnPro Industries during the 3rd quarter valued at about $200,000. Cubist Systematic Strategies LLC grew its holdings in EnPro Industries by 64.2% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,489 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 973 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in EnPro Industries during the 3rd quarter valued at about $306,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.
Several equities analysts recently commented on the stock. B. Riley reiterated a “buy” rating on shares of EnPro Industries in a report on Wednesday, November 1st. FBR & Co set a $100.00 price target on shares of EnPro Industries and gave the company a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research downgraded shares of EnPro Industries from a “buy” rating to a “sell” rating in a report on Wednesday, February 14th. Oppenheimer upped their price target 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. Finally, KeyCorp upgraded shares of EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 price target on the stock in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $96.00.
Shares of EnPro Industries, Inc. (NYSE NPO) opened at $76.23 on Friday. The stock has a market cap of $1,612.65, a PE ratio of 32.88, a price-to-earnings-growth ratio of 1.26 and a beta of 1.03. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.08 and a quick ratio of 2.32. EnPro Industries, Inc. has a 52-week low of $62.19 and a 52-week high of $94.79.
EnPro Industries (NYSE:NPO) last released its quarterly earnings data on Tuesday, February 13th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $362.50 million during the quarter, compared to analysts’ expectations of $348.10 million. EnPro Industries had a net margin of 40.39% and a return on equity of 8.05%. equities research analysts anticipate that EnPro Industries, Inc. will post 3.87 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.26%. This is a boost from EnPro Industries’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, March 6th. EnPro Industries’s payout ratio is 3.63%.
EnPro Industries announced that its board has initiated a stock repurchase plan on Monday, October 30th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
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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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