Oppenheimer Reiterates $90.00 Price Target for EnPro Industries (NPO)

EnPro Industries (NYSE:NPO) received a $90.00 target price from stock analysts at Oppenheimer in a research report issued on Thursday. The firm presently has a “buy” rating on the industrial products company’s stock. Oppenheimer’s price target would suggest a potential upside of 25.31% from the stock’s current price.

NPO has been the subject of several other research reports. Zacks Investment Research downgraded shares of EnPro Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 4th. TheStreet upgraded shares of EnPro Industries from a “c+” rating to a “b-” rating in a research note on Monday, August 6th. ValuEngine upgraded shares of EnPro Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. SunTrust Banks restated a “buy” rating and issued a $88.00 price target on shares of EnPro Industries in a research note on Thursday, August 16th. Finally, B. Riley dropped their price target on shares of EnPro Industries from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, August 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $85.60.

EnPro Industries stock traded up $2.84 during trading on Thursday, hitting $71.82. The company had a trading volume of 235,758 shares, compared to its average volume of 135,657. EnPro Industries has a 1-year low of $57.31 and a 1-year high of $94.79. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.78 and a current ratio of 2.74. The company has a market capitalization of $1.51 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.51 and a beta of 1.21.

EnPro Industries (NYSE:NPO) last posted its earnings results on Wednesday, October 31st. The industrial products company reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.26. EnPro Industries had a net margin of 4.63% and a return on equity of 8.68%. The firm had revenue of $388.20 million during the quarter, compared to the consensus estimate of $377.13 million. During the same quarter last year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, equities research analysts forecast that EnPro Industries will post 3.53 earnings per share for the current year.

In other EnPro Industries news, SVP Jon D. Rickers sold 500 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $75.63, for a total value of $37,815.00. Following the completion of the transaction, the senior vice president now owns 6,215 shares in the company, valued at $470,040.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of EnPro Industries by 57.5% during the 2nd quarter. Millennium Management LLC now owns 197,199 shares of the industrial products company’s stock worth $13,794,000 after purchasing an additional 71,954 shares during the last quarter. BlackRock Inc. lifted its position in shares of EnPro Industries by 5.0% during the 2nd quarter. BlackRock Inc. now owns 2,902,994 shares of the industrial products company’s stock worth $203,064,000 after purchasing an additional 138,335 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of EnPro Industries during the 2nd quarter worth $315,000. Dimensional Fund Advisors LP lifted its position in shares of EnPro Industries by 30.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,069,483 shares of the industrial products company’s stock worth $74,811,000 after purchasing an additional 248,556 shares during the last quarter. Finally, Malaga Cove Capital LLC lifted its position in shares of EnPro Industries by 72.2% during the 3rd quarter. Malaga Cove Capital LLC now owns 11,458 shares of the industrial products company’s stock worth $840,000 after purchasing an additional 4,803 shares during the last quarter. 91.40% of the stock is owned by institutional investors and hedge funds.

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.

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