TheStreet Upgrades EnPro Industries (NYSE:NPO) to “B-“
EnPro Industries (NYSE:NPO) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Thursday.
NPO has been the topic of a number of other reports. Zacks Investment Research upgraded EnPro Industries from a “sell” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub upgraded EnPro Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, FBR & Co reiterated an “outperform” rating on shares of EnPro Industries in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $78.50.
Shares of EnPro Industries (NYSE NPO) traded down 0.91% during trading on Thursday, hitting $74.33. 80,713 shares of the stock traded hands. EnPro Industries has a 1-year low of $46.50 and a 1-year high of $77.65. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 87.04 and a beta of 1.10. The stock has a 50 day moving average price of $72.36 and a 200-day moving average price of $68.64.
EnPro Industries (NYSE:NPO) last released its earnings results on Monday, July 31st. The industrial products company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.35. The business had revenue of $347 million for the quarter, compared to the consensus estimate of $347.13 million. EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Equities analysts forecast that EnPro Industries will post $2.61 EPS for the current year.
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In other news, VP Steven R. Bower acquired 1,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were acquired at an average cost of $71.51 per share, for a total transaction of $71,510.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. BB&T Securities LLC purchased a new stake in shares of EnPro Industries during the second quarter worth about $222,000. BNP Paribas Arbitrage SA boosted its stake in shares of EnPro Industries by 80.4% in the second quarter. BNP Paribas Arbitrage SA now owns 7,810 shares of the industrial products company’s stock worth $557,000 after buying an additional 3,480 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of EnPro Industries by 42.2% in the second quarter. Gamco Investors INC. ET AL now owns 298,820 shares of the industrial products company’s stock worth $21,327,000 after buying an additional 88,620 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of EnPro Industries by 12.1% in the second quarter. Legal & General Group Plc now owns 42,722 shares of the industrial products company’s stock worth $3,051,000 after buying an additional 4,597 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of EnPro Industries during the second quarter worth about $1,381,000. Institutional investors and hedge funds own 94.46% of the company’s stock.
EnPro Industries Company Profile
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.
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