Insider Selling: EnPro Industries (NYSE:NPO) Insider Sells 2,148 Shares of Stock
EnPro Industries (NYSE:NPO) insider Todd L. Anderson sold 2,148 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $72.67, for a total value of $156,095.16. Following the completion of the sale, the insider now directly owns 9,000 shares in the company, valued at approximately $654,030. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of EnPro Industries (NYSE NPO) traded down 2.14% during trading on Thursday, hitting $70.94. The company had a trading volume of 89,602 shares. EnPro Industries has a 12-month low of $50.73 and a 12-month high of $77.65. The stock has a market cap of $1.51 billion, a PE ratio of 83.07 and a beta of 1.10. The firm has a 50 day moving average of $72.91 and a 200 day moving average of $68.95.
EnPro Industries (NYSE:NPO) last released its earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.35. The firm 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%. EnPro Industries’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $0.17 EPS. On average, analysts forecast that EnPro Industries will post $2.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, September 1st. EnPro Industries’s dividend payout ratio (DPR) is presently 103.53%.
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A number of analysts have recently commented on NPO shares. Zacks Investment Research raised EnPro Industries from a “sell” rating to a “hold” rating in a research note on Saturday, May 6th. BidaskClub raised EnPro Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. FBR & Co reissued an “outperform” rating on shares of EnPro Industries in a research note on Tuesday, July 11th. Finally, TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $78.50.
Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its position in shares of EnPro Industries by 5.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock valued at $106,000 after buying an additional 71 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of EnPro Industries during the first quarter valued at $125,000. Riverhead Capital Management LLC boosted its position in shares of EnPro Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock valued at $133,000 after buying an additional 665 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of EnPro Industries by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 2,360 shares of the industrial products company’s stock valued at $167,000 after buying an additional 30 shares during the last quarter. Finally, Amalgamated Bank bought a new position in shares of EnPro Industries during the first quarter valued at $203,000. Hedge funds and other institutional investors own 94.79% of the company’s stock.
About EnPro Industries
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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