Zacks Investment Research Lowers EnPro Industries (NPO) to Strong Sell

Zacks Investment Research cut shares of EnPro Industries (NYSE:NPO) from a hold rating to a strong sell rating in a report released on Tuesday 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. “

NPO has been the subject of a number of other research reports. Oppenheimer set a $100.00 target price on shares of EnPro Industries and gave the stock a buy rating in a research report on Thursday, May 3rd. ValuEngine downgraded shares of EnPro Industries from a hold rating to a sell rating in a research report on Thursday, May 3rd. KeyCorp dropped their target price on shares of EnPro Industries from $105.00 to $90.00 and set an overweight rating for the company in a research report on Thursday, May 3rd. Finally, B. Riley reissued a buy rating on shares of EnPro Industries in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. EnPro Industries has a consensus rating of Hold and a consensus price target of $95.20.

Shares of NYSE NPO traded down $0.13 on Tuesday, reaching $72.76. 1,194 shares of the company traded hands, compared to its average volume of 194,025. EnPro Industries has a fifty-two week low of $72.67 and a fifty-two week high of $73.42. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.45 and a quick ratio of 2.52. The company has a market cap of $1.52 billion, a P/E ratio of 26.65, a P/E/G ratio of 1.47 and a beta of 1.08.

EnPro Industries (NYSE:NPO) last posted its quarterly earnings data on Wednesday, May 2nd. The industrial products company reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.11). The company had revenue of $368.80 million for the quarter, compared to analyst estimates of $355.07 million. EnPro Industries had a net margin of 38.71% and a return on equity of 7.77%. The company’s revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. equities research analysts anticipate that EnPro Industries will post 3.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 20th. Investors of record on Wednesday, June 6th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, June 5th. EnPro Industries’s dividend payout ratio (DPR) is presently 41.74%.

In other EnPro Industries news, SVP Steven R. Bower bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average price of $75.54 per share, with a total value of $75,540.00. Following the transaction, the senior vice president now owns 1,118 shares in the company, valued at $84,453.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank boosted its holdings in EnPro Industries by 3.4% in the 4th quarter. Swiss National Bank now owns 36,400 shares of the industrial products company’s stock worth $3,404,000 after acquiring an additional 1,200 shares during the period. Renaissance Technologies LLC boosted its holdings in EnPro Industries by 32.0% in the 4th quarter. Renaissance Technologies LLC now owns 201,400 shares of the industrial products company’s stock worth $18,833,000 after acquiring an additional 48,800 shares during the period. Assenagon Asset Management S.A. purchased a new position in EnPro Industries in the 4th quarter worth approximately $5,347,000. Eagle Asset Management Inc. purchased a new position in EnPro Industries in the 4th quarter worth approximately $17,956,000. Finally, Wells Fargo & Company MN boosted its holdings in EnPro Industries by 52.9% in the 3rd quarter. Wells Fargo & Company MN now owns 26,309 shares of the industrial products company’s stock worth $2,119,000 after acquiring an additional 9,102 shares during the period. Hedge funds and other institutional investors own 92.26% of the company’s stock.

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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