EnPro Industries (NPO) Stock Rating Lowered by Zacks Investment Research

EnPro Industries (NYSE:NPO) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

According to Zacks, “EnPro Industries, Inc. is a leader in sealing products, metal polymer bearings, compressor systems and other engineered products for use in critical applications by industries worldwide. “

NPO has been the subject of several other research reports. FBR & Co set a $100.00 price objective on shares of EnPro Industries and gave the stock a “buy” rating in a research report on Tuesday, October 31st. BidaskClub upgraded shares of EnPro Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. KeyCorp restated a “hold” rating on shares of EnPro Industries in a research note on Friday, October 20th. Finally, TheStreet upgraded shares of EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $88.33.

EnPro Industries (NPO) opened at $84.42 on Friday. The company has a market cap of $1,800.34, a price-to-earnings ratio of 47.43, a PEG ratio of 2.13 and a beta of 1.17. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.62 and a current ratio of 2.27.

EnPro Industries (NYSE:NPO) last announced its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). The firm had revenue of $343.70 million for the quarter, compared to analyst estimates of $324.00 million. EnPro Industries had a return on equity of 7.92% and a net margin of 40.74%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 EPS. analysts predict that EnPro Industries will post 2.51 EPS for the current year.

EnPro Industries announced that its board has initiated a stock repurchase program on Monday, October 30th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

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In other news, insider Stephen E. Macadam sold 26,318 shares of the firm’s stock in a transaction dated 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 approximately $18,206,271.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 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 currently owned by company insiders.

A number of large investors have recently modified their holdings of NPO. UBS Asset Management Americas Inc. lifted its position in EnPro Industries by 13.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 11,057 shares of the industrial products company’s stock valued at $787,000 after purchasing an additional 1,300 shares during the last quarter. Legal & General Group Plc lifted its position in EnPro Industries by 0.5% in the 1st quarter. Legal & General Group Plc now owns 38,125 shares of the industrial products company’s stock valued at $2,710,000 after purchasing an additional 208 shares during the last quarter. Vanguard Group Inc. lifted its position in EnPro Industries by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 1,902,748 shares of the industrial products company’s stock valued at $135,399,000 after purchasing an additional 85,493 shares during the last quarter. Geode Capital Management LLC lifted its position in EnPro Industries by 3.0% in the 1st quarter. Geode Capital Management LLC now owns 163,021 shares of the industrial products company’s stock valued at $11,599,000 after purchasing an additional 4,724 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in EnPro Industries by 31.1% in the 1st quarter. Renaissance Technologies LLC now owns 144,300 shares of the industrial products company’s stock valued at $10,268,000 after purchasing an additional 34,200 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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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