EnPro Industries Inc. (NPO) Shares Up 1.2%
EnPro Industries Inc. (NYSE:NPO) shares shot up 1.2% during mid-day trading on Tuesday . The stock traded as high as $46.61 and last traded at $46.51, with a volume of 135,691 shares trading hands. The stock had previously closed at $45.96.
Several research firms have recently issued reports on NPO. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of EnPro Industries in a report on Sunday, May 8th. Zacks Investment Research upgraded shares of EnPro Industries from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Saturday, July 9th.
The firm’s market capitalization is $1.08 billion. The firm has a 50 day moving average price of $46.38 and a 200 day moving average price of $49.93.
EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by $0.06. The firm earned $313.20 million during the quarter, compared to analyst estimates of $311.87 million. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. On average, equities analysts predict that EnPro Industries Inc. will post $2.80 EPS for the current fiscal year.
The company also recently declared 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 1.66%.
In related news, Director Thomas M. Botts bought 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was purchased 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 owns 1,000 shares in the company, valued at approximately $47,710. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Humphrey bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was bought at an average price of $46.50 per share, with a total value of $93,000.00. Following the completion of the acquisition, the director now owns 1,800 shares of the company’s stock, valued at approximately $83,700. The disclosure for this purchase can be found here.
Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Morgan Stanley raised its position in EnPro Industries by 923.7% in the fourth quarter. Morgan Stanley now owns 224,717 shares of the company’s stock worth $9,851,000 after buying an additional 202,766 shares during the period. Principal Financial Group Inc. raised 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 worth $6,336,000 after buying an additional 6,373 shares during the period. Rhumbline Advisers raised its position in 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, California State Teachers Retirement System raised 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 worth $1,856,000 after buying an additional 750 shares during the period.
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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