EnPro Industries, Inc. (NYSE:NPO – Get Rating) shares gapped down before the market opened on Tuesday . The stock had previously closed at $88.75, but opened at $86.47. EnPro Industries shares last traded at $86.31, with a volume of 1,612 shares trading hands.
Analyst Ratings Changes
A number of brokerages have weighed in on NPO. KeyCorp boosted their target price on shares of EnPro Industries from $115.00 to $122.00 and gave the company an "overweight" rating in a research note on Wednesday, August 3rd. StockNews.com raised shares of EnPro Industries from a "hold" rating to a "buy" rating in a research report on Monday, May 16th.
Get EnPro Industries alerts:EnPro Industries Stock Performance
The business's 50-day moving average price is $90.71 and its 200-day moving average price is $95.47. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.91. The stock has a market cap of $1.81 billion, a P/E ratio of 10.31 and a beta of 1.38.
EnPro Industries (NYSE:NPO – Get Rating) last issued its earnings results on Tuesday, August 2nd. The industrial products company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.50. The company had revenue of $333.30 million during the quarter, compared to the consensus estimate of $325.57 million. EnPro Industries had a net margin of 14.62% and a return on equity of 11.42%. EnPro Industries's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.56 EPS. As a group, sell-side analysts expect that EnPro Industries, Inc. will post 7.24 earnings per share for the current fiscal year.EnPro Industries Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Wednesday, August 31st will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, August 30th. EnPro Industries's dividend payout ratio is currently 13.01%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. boosted its holdings in shares of EnPro Industries by 8.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,250 shares of the industrial products company's stock valued at $138,000 after purchasing an additional 97 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of EnPro Industries by 1.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 25,855 shares of the industrial products company's stock valued at $2,846,000 after purchasing an additional 304 shares during the last quarter. abrdn plc bought a new position in shares of EnPro Industries during the 4th quarter valued at about $27,981,000. ProShare Advisors LLC boosted its holdings in shares of EnPro Industries by 62.2% during the 4th quarter. ProShare Advisors LLC now owns 5,158 shares of the industrial products company's stock valued at $568,000 after purchasing an additional 1,978 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of EnPro Industries by 11.5% during the 4th quarter. First Trust Advisors LP now owns 7,313 shares of the industrial products company's stock valued at $805,000 after purchasing an additional 756 shares during the last quarter. Institutional investors own 94.55% of the company's stock.
About EnPro Industries
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EnPro Industries, Inc engages in the design, development, manufacture, marketing, and service of engineered industrial products in the United States, Europe, and internationally. It operates through three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; compression packing products; hydraulic components; expansion joints; wall penetration products; and dynamic, flange, resilient metal, elastomeric, and custom-engineered mechanical seals for chemical and petrochemical processing, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries.
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