StockNews.com Lowers EnPro Industries (NYSE:NPO) to Hold

EnPro Industries (NYSE:NPO – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Separately, Zacks Investment Research raised EnPro Industries from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 20th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $121.67.

Shares of EnPro Industries stock traded down $1.63 on Friday, hitting $98.61. The company had a trading volume of 63,733 shares, compared to its average volume of 110,923. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 11.56 and a beta of 1.43. EnPro Industries has a 1 year low of $79.80 and a 1 year high of $117.63. The stock has a 50 day moving average of $102.41 and a 200-day moving average of $103.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.46 and a current ratio of 1.88.

EnPro Industries (NYSE:NPO – Get Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The industrial products company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.15 by $0.08. The firm had revenue of $280.80 million during the quarter, compared to the consensus estimate of $253.77 million. EnPro Industries had a return on equity of 10.01% and a net margin of 15.52%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 earnings per share. Equities analysts anticipate that EnPro Industries will post 7.27 earnings per share for the current year.

In other EnPro Industries news, CAO Steven R. Bower sold 1,308 shares of the firm’s stock in a transaction on Friday, March 4th. The stock was sold at an average price of $106.29, for a total value of $139,027.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John M. Childress II sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $107.61, for a total value of $1,076,100.00. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. boosted its holdings in shares of EnPro Industries by 8.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,250 shares of the industrial products company’s stock worth $138,000 after acquiring an additional 97 shares during the period. Deutsche Bank AG boosted its holdings in shares of EnPro Industries by 0.7% in the fourth quarter. Deutsche Bank AG now owns 14,663 shares of the industrial products company’s stock worth $1,614,000 after acquiring an additional 99 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of EnPro Industries by 1.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the industrial products company’s stock worth $1,101,000 after acquiring an additional 100 shares during the period. Maryland State Retirement & Pension System boosted its holdings in shares of EnPro Industries by 1.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 8,214 shares of the industrial products company’s stock worth $904,000 after acquiring an additional 107 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of EnPro Industries by 0.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,769 shares of the industrial products company’s stock worth $1,846,000 after acquiring an additional 116 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

EnPro Industries Company Profile (Get Rating)

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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