EnPro Industries (NPO) Downgraded by ValuEngine

EnPro Industries (NYSE:NPO) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Monday.

A number of other brokerages have also recently commented on NPO. Zacks Investment Research cut EnPro Industries from a “buy” rating to a “sell” rating in a research report on Wednesday, April 18th. KeyCorp dropped their price target on EnPro Industries from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, May 3rd. Oppenheimer set a $100.00 price target on EnPro Industries and gave the stock a “buy” rating in a research report on Thursday, May 3rd. Finally, TheStreet cut EnPro Industries from a “b” rating to a “c+” rating in a research report on Thursday, June 21st. Three equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $95.20.

EnPro Industries opened at $70.77 on Monday, MarketBeat reports. EnPro Industries has a fifty-two week low of $66.01 and a fifty-two week high of $94.79. The company has a current ratio of 3.45, a quick ratio of 2.52 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.30 and a beta of 1.08.

EnPro Industries (NYSE:NPO) last posted its earnings results on Wednesday, May 2nd. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.11). EnPro Industries had a return on equity of 7.77% and a net margin of 38.71%. The firm had revenue of $368.80 million for the quarter, compared to analysts’ expectations of $355.07 million. During the same quarter last year, the company posted $0.30 EPS. The firm’s revenue was up 24.7% on a year-over-year basis. analysts expect that EnPro Industries will post 3.82 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of NPO. Teacher Retirement System of Texas bought a new stake in shares of EnPro Industries in the 4th quarter worth approximately $686,000. California Public Employees Retirement System lifted its position in EnPro Industries by 2.1% in the 4th quarter. California Public Employees Retirement System now owns 73,340 shares of the industrial products company’s stock valued at $6,858,000 after acquiring an additional 1,500 shares in the last quarter. Swiss National Bank lifted its position 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 valued at $3,404,000 after acquiring an additional 1,200 shares in the last quarter. First Trust Advisors LP lifted its position in EnPro Industries by 4.5% in the 4th quarter. First Trust Advisors LP now owns 21,210 shares of the industrial products company’s stock valued at $1,983,000 after acquiring an additional 904 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in EnPro Industries by 321.2% in the 4th quarter. Wells Fargo & Company MN now owns 110,824 shares of the industrial products company’s stock valued at $10,363,000 after acquiring an additional 84,515 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

About EnPro Industries

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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