EnPro Industries (NPO) Price Target Raised to $100.00

EnPro Industries (NYSE:NPO) had its target price upped by Oppenheimer from $85.00 to $100.00 in a research report released on Thursday morning. The firm currently has an outperform rating on the industrial products company’s stock. Oppenheimer also issued estimates for EnPro Industries’ Q4 2017 earnings at $0.72 EPS and FY2017 earnings at $2.35 EPS.

Several other analysts have also commented on the stock. FBR & Co restated a buy rating and set a $85.00 price target on shares of EnPro Industries in a research report on Tuesday, September 12th. B. Riley set a $100.00 price target on shares of EnPro Industries and gave the company a buy rating in a research report on Tuesday, November 21st. KeyCorp restated a hold rating on shares of EnPro Industries in a research report on Friday, October 20th. Zacks Investment Research lowered shares of EnPro Industries from a buy rating to a hold rating in a research report on Wednesday, October 4th. Finally, BidaskClub lowered shares of EnPro Industries from a hold rating to a sell rating in a research report on Saturday, August 26th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $95.00.

Shares of EnPro Industries (NYSE NPO) opened at $90.42 on Thursday. The firm has a market cap of $1,928.30, a price-to-earnings ratio of 50.80, a PEG ratio of 2.14 and a beta of 1.18. EnPro Industries has a 52 week low of $61.36 and a 52 week high of $91.38. The company has a quick ratio of 1.59, a current ratio of 2.27 and a debt-to-equity ratio of 0.65.

EnPro Industries (NYSE:NPO) last released its quarterly earnings data on Monday, October 30th. The industrial products company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). The business had revenue of $343.70 million during 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 revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. research analysts forecast that EnPro Industries will post 2.72 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, December 5th. EnPro Industries’s dividend payout ratio is currently 3.82%.

EnPro Industries declared that its board has authorized a stock buyback program on Monday, October 30th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

In other news, insider Stephen E. Macadam sold 25,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $84.06, for a total value of $2,101,500.00. Following the transaction, the insider now directly owns 194,447 shares of the company’s stock, valued at $16,345,214.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in NPO. Public Employees Retirement System of Ohio grew its holdings in shares of 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 purchasing an additional 71 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of EnPro Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 665 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of EnPro Industries by 64.2% in the third quarter. Cubist Systematic Strategies LLC now owns 2,489 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 973 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of EnPro Industries in the third quarter valued at approximately $200,000. Finally, Amalgamated Bank grew its holdings in shares of EnPro Industries by 3.4% in the second quarter. Amalgamated Bank now owns 2,950 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

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About EnPro Industries

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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