EnPro Industries Inc. (NPO) Shares Up 1.2%
EnPro Industries Inc. (NYSE:NPO)’s share price shot up 1.2% during trading on Tuesday . The stock traded as high as $46.61 and last traded at $46.51, with a volume of 135,691 shares changing hands. The stock had previously closed at $45.96.
Several research firms have recently commented on NPO. Zacks Investment Research upgraded EnPro Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of EnPro Industries in a research note on Sunday, May 8th.
The stock has a 50 day moving average of $46.34 and a 200 day moving average of $49.89. The firm’s market capitalization is $1.00 billion.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.39. The firm earned $294.90 million during the quarter, compared to the consensus estimate of $293.25 million. During the same period in the prior year, the company earned $0.04 earnings per share. EnPro Industries’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts predict that EnPro Industries Inc. will post $2.80 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.82%.
In other news, Director John Humphrey acquired 2,000 shares of EnPro Industries stock in a transaction dated Monday, May 9th. The stock was bought at an average cost of $46.50 per share, with a total value of $93,000.00. Following the completion of the transaction, the director now directly owns 1,800 shares of the company’s stock, valued at $83,700. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gordon D. Harnett acquired 1,000 shares of EnPro Industries 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 transaction, the director now directly owns 2,860 shares of the company’s stock, valued at $134,334.20. The disclosure for this purchase can be found here.
Other hedge funds and institutional investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its position in 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 in the last quarter. California State Teachers Retirement System boosted its position in EnPro Industries by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 42,333 shares of the company’s stock valued at $1,856,000 after buying an additional 750 shares in the last quarter. Principal Financial Group Inc. boosted its position in 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 in the last quarter. Finally, Morgan Stanley boosted its position in 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 in the last quarter.
EnPro Industries, Inc (EnPro) is engaged in the designing, developing, manufacturing, and marketing engineered industrial products. The Company operates through three segments: Sealing Products, Engineered Products and Power Systems. Its Sealing Products segment designs, manufactures and sells sealing products, including metallic, non-metallic and composite material gaskets, resilient metal seals, elastomeric seals, hydraulic components, expansion joints and casing end seals.
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