Zacks Investment Research cut shares of EnPro Industries (NYSE:NPO) from a buy rating to a sell rating in a report published on Wednesday morning.
According to Zacks, “EnPro Industries, Inc. is a diversified manufacturer of proprietary engineered products used in critical applications. EnPro Industries are a leader in sealing technologies, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other solutions that meet the needs of industries worldwide. EnPro Industries commitment to innovation, quality and value has propelled our brands to wide recognition and leading positions in their markets. EnPro businesses manufacture high quality products and provide high quality services to the customers. These products and services are sold into more than 40 distinct industries with thousands of applications, ranging from jet engines to chemical plants, oil wells to semiconductor clean rooms and Navy ships to tractor-trailer trucks. EnPro operates manufacturing facilities in North and South America, Europe and Asia. “
Several other research analysts have also weighed in on NPO. ValuEngine raised EnPro Industries from a sell rating to a hold rating in a research report on Wednesday, March 7th. B. Riley reaffirmed a buy rating on shares of EnPro Industries in a research report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $98.20.
NYSE:NPO opened at $79.60 on Wednesday. The company has a market cap of $1,723.95, a price-to-earnings ratio of 34.71, a P/E/G ratio of 0.95 and a beta of 1.06. EnPro Industries has a twelve month low of $65.12 and a twelve month high of $94.79. The company has a current ratio of 3.06, a quick ratio of 2.30 and a debt-to-equity ratio of 0.68.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Tuesday, February 13th. The industrial products company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The firm had revenue of $362.50 million for the quarter, compared to analyst estimates of $348.10 million. EnPro Industries had a return on equity of 8.02% and a net margin of 40.39%. research analysts forecast that EnPro Industries will post 3.76 EPS for the current fiscal year.
In other EnPro Industries news, SVP Steven R. Bower bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $75.54 per share, with a total value of $75,540.00. Following the acquisition, the senior vice president now owns 1,118 shares of the company’s stock, valued at $84,453.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of EnPro Industries during the 3rd quarter worth approximately $200,000. Cubist Systematic Strategies LLC increased its holdings in shares of 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 worth $200,000 after acquiring an additional 973 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of EnPro Industries during the 4th quarter worth approximately $210,000. LS Investment Advisors LLC increased its holdings in shares of 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 worth $223,000 after acquiring an additional 1,654 shares during the last quarter. Finally, Invictus RG acquired a new position in shares of EnPro Industries during the 4th quarter worth approximately $308,000. 92.76% of the stock is currently owned by institutional investors and hedge funds.
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EnPro Industries Company Profile
EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.
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