Bank of America Corp DE Has $10.01 Million Stock Position in EnPro Industries, Inc. (NYSE:NPO)

Bank of America Corp DE lowered its stake in EnPro Industries, Inc. (NYSE:NPO) by 23.2% during the second quarter, Holdings Channel reports. The firm owned 103,071 shares of the industrial products company’s stock after selling 31,167 shares during the period. Bank of America Corp DE’s holdings in EnPro Industries were worth $10,014,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of EnPro Industries in the second quarter worth $38,000. Geneos Wealth Management Inc. bought a new position in EnPro Industries in the first quarter valued at about $53,000. Captrust Financial Advisors grew its position in EnPro Industries by 9,510.0% in the first quarter. Captrust Financial Advisors now owns 1,922 shares of the industrial products company’s stock valued at $164,000 after acquiring an additional 1,902 shares during the last quarter. Advisor Partners LLC bought a new position in EnPro Industries in the second quarter valued at about $213,000. Finally, Mackenzie Financial Corp bought a new position in EnPro Industries in the second quarter valued at about $233,000. Institutional investors own 93.93% of the company’s stock.

Shares of NPO stock opened at $111.24 on Thursday. The company’s 50-day moving average price is $92.61. EnPro Industries, Inc. has a 12 month low of $69.95 and a 12 month high of $112.41. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 34.55 and a beta of 1.54. The company has a quick ratio of 2.53, a current ratio of 3.19 and a debt-to-equity ratio of 0.43.

EnPro Industries (NYSE:NPO) last announced its quarterly earnings results on Friday, November 5th. The industrial products company reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.14. EnPro Industries had a return on equity of 10.43% and a net margin of 5.87%. The firm had revenue of $283.10 million for the quarter, compared to analyst estimates of $267.83 million. During the same period last year, the firm posted $0.67 earnings per share. As a group, analysts forecast that EnPro Industries, Inc. will post 5.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Wednesday, December 1st will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, November 30th. EnPro Industries’s dividend payout ratio is currently 33.54%.

A number of research firms have issued reports on NPO. KeyCorp lifted their target price on EnPro Industries from $115.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, November 8th. Zacks Investment Research cut EnPro Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 6th. Finally, TheStreet upgraded EnPro Industries from a “c+” rating to a “b” rating in a research report on Friday, November 5th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $112.33.

EnPro Industries Company Profile

EnPro Industries, Inc engages in the design, development, manufacturing, and marketing of proprietary engineered industrial products. It operates through the following segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The Sealing Technologies segment designs, manufactures, and sells sealing products including metallic, non-metallic, and composite material gaskets.

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Institutional Ownership by Quarter for EnPro Industries (NYSE:NPO)

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