B. Riley restated their buy rating on shares of EnPro Industries (NYSE:NPO) in a research note released on Thursday morning. B. Riley also issued estimates for EnPro Industries’ Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $0.96 EPS and FY2019 earnings at $4.39 EPS.
Several other brokerages have also issued reports on NPO. Zacks Investment Research upgraded shares of EnPro Industries from a hold rating to a buy rating and set a $105.00 target price for the company in a research report on Tuesday, January 2nd. Oppenheimer boosted their target price on shares of EnPro Industries from $85.00 to $100.00 and gave the company an outperform rating in a research report on Thursday, December 14th. KeyCorp upgraded shares of EnPro Industries from a sector weight rating to an overweight rating and set a $105.00 target price for the company in a research report on Friday, December 8th. Finally, FBR & Co set a $100.00 target price on shares of EnPro Industries and gave the company a buy rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $96.00.
Shares of EnPro Industries (NYSE NPO) opened at $77.12 on Thursday. EnPro Industries has a 12 month low of $62.19 and a 12 month high of $94.79. The company has a market cap of $1,644.64, a P/E ratio of 33.53, a PEG ratio of 1.29 and a beta of 1.03. The company has a quick ratio of 2.32, a current ratio of 3.08 and a debt-to-equity ratio of 0.69.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.24%. This is a positive change from EnPro Industries’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, March 6th. EnPro Industries’s payout ratio is 3.63%.
EnPro Industries announced that its Board of Directors has initiated a stock repurchase plan on Monday, October 30th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in EnPro Industries during the fourth quarter valued at approximately $210,000. LS Investment Advisors LLC lifted its holdings in EnPro Industries by 225.3% during the fourth quarter. LS Investment Advisors LLC now owns 2,388 shares of the industrial products company’s stock valued at $223,000 after purchasing an additional 1,654 shares in the last quarter. SG Americas Securities LLC purchased a new position in EnPro Industries during the third quarter valued at approximately $200,000. Cubist Systematic Strategies LLC lifted its holdings in EnPro Industries by 64.2% during 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. Finally, Invictus RG purchased a new position in EnPro Industries during the fourth quarter valued at approximately $308,000. Institutional investors own 94.22% 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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