Hotchkis & Wiley Capital Management LLC Reduces Holdings in EnPro Industries (NPO)
Hotchkis & Wiley Capital Management LLC cut its holdings in EnPro Industries (NYSE:NPO) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,350,440 shares of the industrial products company’s stock after selling 66,700 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 6.33% of EnPro Industries worth $96,381,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in 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 worth $106,000 after acquiring an additional 71 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in EnPro Industries in the first quarter worth about $125,000. Riverhead Capital Management LLC raised its position in 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 worth $133,000 after acquiring an additional 665 shares in the last quarter. Amalgamated Bank bought a new stake in EnPro Industries in the first quarter worth about $203,000. Finally, BB&T Securities LLC bought a new stake in EnPro Industries in the second quarter worth about $222,000. Hedge funds and other institutional investors own 94.38% of the company’s stock.
In other news, insider Stephen E. Macadam sold 26,318 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the sale, the insider now owns 245,765 shares of the company’s stock, valued at $18,206,271.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Todd L. Anderson sold 2,148 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $72.67, for a total value of $156,095.16. Following the sale, the insider now directly owns 9,000 shares in the company, valued at approximately $654,030. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Shares of EnPro Industries (NYSE:NPO) traded up 0.26% during trading on Friday, reaching $74.63. The company had a trading volume of 141,862 shares. EnPro Industries has a 52-week low of $52.00 and a 52-week high of $77.65. The company has a 50 day moving average of $71.65 and a 200-day moving average of $69.67. The firm has a market capitalization of $1.59 billion, a P/E ratio of 87.39 and a beta of 1.10.
EnPro Industries (NYSE:NPO) last released its earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.35). EnPro Industries had a net margin of 1.56% and a return on equity of 8.71%. The company had revenue of $347.00 million during the quarter, compared to analyst estimates of $347.13 million. During the same period in the previous year, the company posted $0.17 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities analysts expect that EnPro Industries will post $2.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, September 1st. EnPro Industries’s payout ratio is 103.53%.
Several equities research analysts have commented on the stock. FBR & Co reiterated a “buy” rating and issued a $85.00 price target on shares of EnPro Industries in a research report on Tuesday. Zacks Investment Research upgraded shares of EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $80.00 price target on the stock in a research report on Friday, September 1st. BidaskClub cut shares of EnPro Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, TheStreet upgraded shares of EnPro Industries from a “c+” rating to a “b-” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $83.33.
EnPro Industries 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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