EnPro Industries Inc. (NPO) Rating Lowered to Hold at Zacks Investment Research
EnPro Industries Inc. (NYSE:NPO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “EnPro Industries, Inc. is a leader in sealing products, metal polymer bearings, compressor systems and other engineered products for use in critical applications by industries worldwide. “
Shares of EnPro Industries (NYSE:NPO) opened at 56.24 on Thursday. The firm has a 50-day moving average of $55.19 and a 200-day moving average of $52.03. The firm’s market cap is $1.21 billion. EnPro Industries has a 12 month low of $37.53 and a 12 month high of $63.82.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.06. EnPro Industries had a negative net margin of 2.04% and a positive return on equity of 7.48%. The business earned $313.20 million during the quarter, compared to the consensus estimate of $311.87 million. During the same period last year, the firm earned $0.69 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts anticipate that EnPro Industries will post ($0.92) EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, August 30th. EnPro Industries’s dividend payout ratio (DPR) is presently -71.79%.
A number of hedge funds have recently bought and sold shares of NPO. Teacher Retirement System of Texas raised its stake in EnPro Industries by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,063 shares of the company’s stock worth $136,000 after buying an additional 377 shares during the period. Sei Investments Co. raised its stake in EnPro Industries by 95.2% in the second quarter. Sei Investments Co. now owns 3,840 shares of the company’s stock worth $170,000 after buying an additional 1,873 shares during the period. Mason Street Advisors LLC purchased a new stake in EnPro Industries during the second quarter worth $189,000. Americafirst Capital Management LLC purchased a new stake in EnPro Industries during the second quarter worth $194,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in EnPro Industries during the second quarter worth $209,000. 94.31% of the stock is currently owned by institutional investors and hedge funds.
EnPro Industries Company Profile
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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