EnPro Industries Inc. (NPO) Sees Large Volume Increase
EnPro Industries Inc. (NYSE:NPO) saw strong trading volume on Friday . 235,377 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 182,774 shares.The stock last traded at $47.99 and had previously closed at $47.84.
Several analysts have commented on the stock. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $85.00 price objective on shares of EnPro Industries in a report on Monday, March 21st. Zacks Investment Research upgraded shares of EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $69.00 price objective for the company in a report on Wednesday, April 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $62.67.
The firm’s market capitalization is $1.04 billion. The firm’s 50-day moving average price is $47.47 and its 200 day moving average price is $49.62.
EnPro Industries (NYSE:NPO) last posted its earnings results on Thursday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.39. The firm had revenue of $294.90 million for the quarter, compared to analysts’ expectations of $293.25 million. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 EPS. On average, analysts expect that EnPro Industries Inc. will post $2.80 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.75%.
In other news, Director John Humphrey purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The shares were bought at an average cost of $46.50 per share, for a total transaction of $93,000.00. Following the acquisition, the director now owns 1,800 shares of the company’s stock, valued at approximately $83,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas M. Botts purchased 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were purchased at an average price of $47.71 per share, for a total transaction of $100,191.00. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $47,710. The disclosure for this purchase can be found here.
Other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of EnPro Industries by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 144,527 shares of the company’s stock valued at $6,336,000 after buying an additional 6,373 shares during the last quarter. Morgan Stanley increased its position in shares of EnPro Industries by 923.7% in the fourth quarter. Morgan Stanley now owns 224,717 shares of the company’s stock valued at $9,851,000 after buying an additional 202,766 shares during the last quarter. Gabelli Funds LLC increased its position in shares of EnPro Industries by 19.6% in the fourth quarter. Gabelli Funds LLC now owns 91,600 shares of the company’s stock valued at $4,016,000 after buying an additional 15,000 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of EnPro Industries by 42.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 41,000 shares of the company’s stock valued at $1,797,000 after buying an additional 12,200 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of EnPro Industries by 6.1% in the fourth quarter. Rhumbline Advisers now owns 35,332 shares of the company’s stock valued at $1,549,000 after buying an additional 2,025 shares during the last quarter.
EnPro Industries, Inc (EnPro) is engaged in the designing, developing, manufacturing, and marketing engineered industrial products. The Company operates in three segments: Sealing Products segment, Engineered Products segment and Power Systems segment. Its Sealing Products segment designs, manufactures and sells sealing products.
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