EnPro Industries (NYSE:NPO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
According to Zacks, “EnPro Industries, Inc. is a diversified manufacturer of proprietary engineered products used in critical applications. EnPro Industries are a leader in sealing technologies, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other solutions that meet the needs of industries worldwide. EnPro Industries commitment to innovation, quality and value has propelled our brands to wide recognition and leading positions in their markets. EnPro businesses manufacture high quality products and provide high quality services to the customers. These products and services are sold into more than 40 distinct industries with thousands of applications, ranging from jet engines to chemical plants, oil wells to semiconductor clean rooms and Navy ships to tractor-trailer trucks. EnPro operates manufacturing facilities in North and South America, Europe and Asia. “
Other analysts also recently issued research reports about the stock. TheStreet raised shares of EnPro Industries from a “c+” rating to a “b-” rating in a research report on Monday, August 6th. SunTrust Banks reissued a “buy” rating and set a $88.00 target price on shares of EnPro Industries in a research report on Thursday, August 16th. B. Riley decreased their target price on shares of EnPro Industries from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, August 6th. ValuEngine raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Finally, Oppenheimer decreased their target price on shares of EnPro Industries from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. EnPro Industries presently has a consensus rating of “Buy” and an average price target of $90.67.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.37). The business had revenue of $393.60 million during the quarter, compared to the consensus estimate of $370.48 million. EnPro Industries had a net margin of 36.50% and a return on equity of 7.33%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.01 EPS. Analysts forecast that EnPro Industries will post 3.53 earnings per share for the current fiscal year.
In other EnPro Industries news, SVP Jon D. Rickers sold 500 shares of the stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $75.63, for a total transaction of $37,815.00. Following the completion of the sale, the senior vice president now owns 6,215 shares of the company’s stock, valued at approximately $470,040.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of EnPro Industries during the 1st quarter worth approximately $121,000. Nisa Investment Advisors LLC grew its position in shares of EnPro Industries by 61.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the industrial products company’s stock worth $147,000 after buying an additional 800 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of EnPro Industries during the 2nd quarter worth approximately $159,000. Trilogy Capital Inc. acquired a new stake in shares of EnPro Industries during the 2nd quarter worth approximately $189,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of EnPro Industries during the 2nd quarter worth approximately $251,000. 92.70% of the stock is owned by institutional investors.
About EnPro Industries
EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.
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