Phocas Financial Corp. reduced its holdings in EnPro Industries, Inc. (NYSE:NPO – Get Rating) by 1.6% during the 1st quarter, Holdings Channel reports. The fund owned 91,914 shares of the industrial products company's stock after selling 1,497 shares during the quarter. EnPro Industries makes up approximately 1.1% of Phocas Financial Corp.'s portfolio, making the stock its 22nd biggest position. Phocas Financial Corp.'s holdings in EnPro Industries were worth $8,983,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Advisor Group Holdings Inc. lifted its holdings in 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 worth $138,000 after buying an additional 97 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of EnPro Industries by 0.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 17,805 shares of the industrial products company's stock valued at $1,785,000 after purchasing an additional 112 shares during the period. Comerica Bank lifted its stake in shares of EnPro Industries by 0.8% in the 1st quarter. Comerica Bank now owns 17,768 shares of the industrial products company's stock valued at $1,801,000 after purchasing an additional 143 shares during the period. Rhumbline Advisers lifted its stake in shares of EnPro Industries by 0.3% in the 4th quarter. Rhumbline Advisers now owns 60,063 shares of the industrial products company's stock valued at $6,611,000 after purchasing an additional 178 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of EnPro Industries by 3.7% in the 1st quarter. M&T Bank Corp now owns 5,301 shares of the industrial products company's stock valued at $518,000 after purchasing an additional 189 shares during the period. 94.55% of the stock is owned by institutional investors and hedge funds.
Get EnPro Industries alerts:EnPro Industries Stock Down 1.5 %
NPO stock traded down $1.40 during trading hours on Thursday, reaching $89.22. 287 shares of the stock were exchanged, compared to its average volume of 61,089. The firm's 50-day moving average is $91.19 and its 200-day moving average is $94.89. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 10.52 and a beta of 1.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.91 and a quick ratio of 1.40. EnPro Industries, Inc. has a 12 month low of $76.14 and a 12 month high of $117.63.
EnPro Industries (NYSE:NPO – Get Rating) last released its earnings results on Tuesday, August 2nd. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.50. The firm had revenue of $333.30 million during the quarter, compared to analysts' expectations of $325.57 million. EnPro Industries had a return on equity of 11.42% and a net margin of 14.62%. The company's revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 EPS. On average, equities research analysts expect that EnPro Industries, Inc. will post 7.24 earnings per share for the current year.EnPro Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.28 per share. The ex-dividend date is Tuesday, August 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.26%. EnPro Industries's dividend payout ratio is 13.01%.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on NPO shares. KeyCorp increased their price target on 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 upgraded shares of EnPro Industries from a "hold" rating to a "buy" rating in a research report on Monday, May 16th.
EnPro Industries Profile
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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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