EnPro Industries, Inc. (NPO) Position Raised by Arizona State Retirement System
Arizona State Retirement System boosted its position in shares of EnPro Industries, Inc. (NYSE:NPO) by 223.0% in the fourth quarter, HoldingsChannel reports. The firm owned 35,844 shares of the industrial products company’s stock after acquiring an additional 24,747 shares during the period. Arizona State Retirement System’s holdings in EnPro Industries were worth $3,352,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NPO. Goldman Sachs Group Inc. grew its holdings in EnPro Industries by 9.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 17,029 shares of the industrial products company’s stock valued at $1,216,000 after purchasing an additional 1,529 shares in the last quarter. State Street Corp grew its holdings in EnPro Industries by 3.8% during the 2nd quarter. State Street Corp now owns 529,442 shares of the industrial products company’s stock valued at $37,786,000 after purchasing an additional 19,542 shares in the last quarter. First Trust Advisors LP grew its holdings in EnPro Industries by 4.9% during the 3rd quarter. First Trust Advisors LP now owns 20,306 shares of the industrial products company’s stock valued at $1,635,000 after purchasing an additional 954 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in EnPro Industries during the 3rd quarter worth $344,000. Finally, Gamco Investors INC. ET AL grew its holdings in EnPro Industries by 33.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 400,220 shares of the industrial products company’s stock worth $32,230,000 after acquiring an additional 101,400 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.
EnPro Industries, Inc. (NYSE:NPO) opened at $73.02 on Friday. The firm has a market cap of $1,560.00, a price-to-earnings ratio of 3.13, a price-to-earnings-growth ratio of 1.21 and a beta of 1.17. The company has a current ratio of 3.06, a quick ratio of 2.32 and a debt-to-equity ratio of 0.68. EnPro Industries, Inc. has a fifty-two week low of $62.19 and a fifty-two week high of $94.79.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be issued a dividend of $0.24 per share. This is a positive change from EnPro Industries’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 1.31%. The ex-dividend date is Tuesday, March 6th. EnPro Industries’s dividend payout ratio (DPR) is currently 3.77%.
In other EnPro Industries news, SVP Steven R. Bower purchased 1,000 shares of EnPro Industries stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost of $75.54 per share, for a total transaction of $75,540.00. Following the transaction, the senior vice president now owns 1,118 shares in the company, valued at approximately $84,453.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.
Several brokerages have weighed in on NPO. KeyCorp raised shares of EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 price objective for the company in a report on Friday, December 8th. Zacks Investment Research raised shares of EnPro Industries from a “sell” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Saturday, February 17th. Oppenheimer raised their price objective on shares of EnPro Industries from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Finally, B. Riley set a $100.00 price objective on shares of EnPro Industries and gave the stock a “buy” rating in a report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $96.00.
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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