Louisiana State Employees Retirement System Holds Stake in EnPro Industries (NYSE:NPO)

Louisiana State Employees Retirement System held its position in shares of EnPro Industries (NYSE:NPO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,700 shares of the industrial products company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in EnPro Industries were worth $621,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue raised 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 period. 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 valued at $106,000 after buying an additional 71 shares during the period. Arizona State Retirement System raised its position in EnPro Industries by 1.8% in the first quarter. Arizona State Retirement System now owns 11,197 shares of the industrial products company’s stock valued at $797,000 after buying an additional 200 shares during the period. Legal & General Group Plc raised its position in EnPro Industries by 0.5% in the first quarter. Legal & General Group Plc now owns 38,125 shares of the industrial products company’s stock valued at $2,710,000 after buying an additional 208 shares during the period. Finally, BW Gestao de Investimentos Ltda. increased its stake in shares of EnPro Industries by 4.1% in the first quarter. BW Gestao de Investimentos Ltda. now owns 8,570 shares of the industrial products company’s stock valued at $610,000 after buying an additional 335 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

EnPro Industries (NPO) opened at 69.31 on Friday. The firm has a market capitalization of $1.48 billion, a P/E ratio of 81.16 and a beta of 1.10. EnPro Industries has a 1-year low of $51.54 and a 1-year high of $77.65. The company has a 50-day moving average price of $72.96 and a 200-day moving average price of $69.12.

EnPro Industries (NYSE:NPO) last issued its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ 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 quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 earnings per share. On average, equities research analysts predict that EnPro Industries will post $2.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, September 1st. This represents a $0.88 annualized dividend and a dividend yield of 1.27%. EnPro Industries’s dividend payout ratio (DPR) is currently 103.53%.

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Several analysts have recently weighed in on the company. 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. FBR & Co restated an “outperform” rating on shares of EnPro Industries in a research note on Tuesday, July 11th. Finally, TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. EnPro Industries presently has an average rating of “Hold” and an average price target of $78.50.

In related news, insider Stephen E. Macadam sold 26,318 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $74.08, for a total value of $1,949,637.44. Following the transaction, the insider now directly owns 245,765 shares in the company, valued at $18,206,271.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Todd L. Anderson sold 2,148 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total transaction of $156,095.16. Following the completion of the transaction, the insider now owns 9,000 shares in the company, valued at $654,030. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

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.

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

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