EnPro Industries Inc. (NPO) Sees Strong Trading Volume
Shares of EnPro Industries Inc. (NYSE:NPO) saw unusually-strong trading volume on Friday . Approximately 235,377 shares were traded 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.
A number of equities research analysts have issued reports on NPO shares. Zacks Investment Research upgraded EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $69.00 price target for the company in a research note on Wednesday, April 27th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $85.00 price target on shares of EnPro Industries in a research note on Monday, March 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $62.67.
The firm’s market capitalization is $1.04 billion. The stock has a 50 day moving average price of $47.47 and a 200 day moving average price of $49.62.
EnPro Industries (NYSE:NPO) last announced its quarterly earnings data 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. EnPro Industries’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 earnings per share. Equities research analysts expect that EnPro Industries Inc. will post $2.80 earnings per share for the current fiscal year.
In related news, Director Gordon D. Harnett acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were purchased at an average cost of $46.97 per share, with a total value of $46,970.00. Following the completion of the acquisition, the director now directly owns 2,860 shares of the company’s stock, valued at $134,334.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas M. Botts acquired 2,100 shares of the company’s stock in a transaction dated Tuesday, May 17th. The shares were bought at an average cost 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 of the company’s stock, valued at $47,710. The disclosure for this purchase can be found here.
Several large investors recently made changes to their positions in the stock. California State Teachers Retirement System raised its stake in shares of EnPro Industries by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 42,333 shares of the company’s stock worth $1,856,000 after buying an additional 750 shares during the period. Gamco Investors INC. ET AL raised its stake 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 worth $1,797,000 after buying an additional 12,200 shares during the period. Gabelli Funds LLC raised its stake 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 worth $4,016,000 after buying an additional 15,000 shares during the period. Rhumbline Advisers raised its stake in shares of EnPro Industries by 6.1% in the fourth quarter. Rhumbline Advisers now owns 35,332 shares of the company’s stock worth $1,549,000 after buying an additional 2,025 shares during the period. Finally, Principal Financial Group Inc. raised its stake 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 worth $6,336,000 after buying an additional 6,373 shares during the period.
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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