Greywolf Capital Management LP continued to hold its stake in shares of EnPro Industries (NYSE:NPO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,000 shares of the industrial products company’s stock at the end of the 2nd quarter. EnPro Industries comprises approximately 2.6% of Greywolf Capital Management LP’s holdings, making the stock its 5th biggest position. Greywolf Capital Management LP owned about 0.54% of EnPro Industries worth $8,208,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of EnPro Industries by 30.3% during the first quarter. Bank of America Corp DE now owns 110,929 shares of the industrial products company’s stock valued at $7,894,000 after acquiring an additional 25,769 shares in the last quarter. Vanguard Group Inc. increased its position in shares of EnPro Industries by 4.7% during the first quarter. Vanguard Group Inc. now owns 1,902,748 shares of the industrial products company’s stock valued at $135,399,000 after acquiring an additional 85,493 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of EnPro Industries by 31.1% during the first quarter. Renaissance Technologies LLC now owns 144,300 shares of the industrial products company’s stock valued at $10,268,000 after acquiring an additional 34,200 shares in the last quarter. American Century Companies Inc. increased its position in shares of EnPro Industries by 19.4% during the second quarter. American Century Companies Inc. now owns 463,864 shares of the industrial products company’s stock valued at $33,106,000 after acquiring an additional 75,506 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of EnPro Industries by 22.4% during the second quarter. Sei Investments Co. now owns 22,205 shares of the industrial products company’s stock valued at $1,584,000 after acquiring an additional 4,066 shares in the last quarter. 94.47% of the stock is owned by institutional investors.
In related news, 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 sale, the insider now owns 9,000 shares of the company’s stock, valued at $654,030. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $1,949,637.44. Following the sale, the insider now directly owns 245,765 shares of the company’s stock, valued at approximately $18,206,271.20. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of EnPro Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. FBR & Co reissued a “buy” rating and set a $85.00 price target on shares of EnPro Industries in a research report on Tuesday, September 12th. Finally, TheStreet raised 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, one has issued a hold rating and two have issued a buy rating to the company’s stock. EnPro Industries currently has a consensus rating of “Hold” and an average target price of $83.33.
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Shares of EnPro Industries (NPO) traded up 0.32% during midday trading on Tuesday, hitting $81.94. 17,793 shares of the company traded hands. The company has a 50-day moving average price of $74.47 and a 200-day moving average price of $71.36. The stock has a market capitalization of $1.75 billion, a P/E ratio of 95.95 and a beta of 1.14. EnPro Industries has a 52 week low of $52.00 and a 52 week high of $82.72.
EnPro Industries (NYSE:NPO) last posted its earnings results on Monday, July 31st. The industrial products company reported $0.46 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $347.00 million for the quarter, compared to analysts’ expectations of $347.13 million. During the same period in the previous year, the company earned $0.17 EPS. The company’s revenue was up 10.8% on a year-over-year basis. Analysts anticipate that EnPro Industries will post $2.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.88 dividend on an annualized basis and a yield of 1.08%. EnPro Industries’s payout ratio is 103.53%.
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.
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