StockNews.com Upgrades EnPro Industries (NYSE:NPO) to “Buy”

EnPro Industries (NYSE:NPOGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Zacks Investment Research upgraded EnPro Industries from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 20th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $121.67.

Shares of NPO opened at $93.21 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.88 and a quick ratio of 1.46. The stock has a 50-day moving average of $100.86 and a 200-day moving average of $103.72. The company has a market cap of $1.95 billion, a PE ratio of 10.93 and a beta of 1.43. EnPro Industries has a one year low of $79.80 and a one year high of $117.63.

EnPro Industries (NYSE:NPOGet Rating) last issued its earnings results on Tuesday, February 22nd. The industrial products company reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.08. The company 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 firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $1.24 EPS. Analysts expect that EnPro Industries will post 7.27 EPS for the current fiscal year.

In other EnPro Industries news, CAO Steven R. Bower sold 1,308 shares of EnPro Industries stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $106.29, for a total transaction of $139,027.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John M. Childress II sold 10,000 shares of EnPro Industries stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $107.61, for a total transaction of $1,076,100.00. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of NPO. Goldman Sachs Group Inc. lifted its position in shares of EnPro Industries by 1,036.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 476,753 shares of the industrial products company’s stock worth $52,476,000 after buying an additional 434,797 shares in the last quarter. abrdn plc bought a new stake in shares of EnPro Industries in the 4th quarter worth approximately $27,981,000. Norges Bank bought a new stake in shares of EnPro Industries in the 4th quarter worth approximately $23,965,000. Tributary Capital Management LLC bought a new stake in shares of EnPro Industries in the 1st quarter worth approximately $12,816,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of EnPro Industries in the 4th quarter worth approximately $11,876,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

About EnPro Industries (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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