EnPro Industries, Inc. (NYSE:NPO – Get Rating) – Equities researchers at Oppenheimer cut their Q2 2022 earnings per share estimates for shares of EnPro Industries in a research note issued to investors on Monday, May 2nd. Oppenheimer analyst I. Zaffino now expects that the industrial products company will post earnings of $1.78 per share for the quarter, down from their previous estimate of $1.85. Oppenheimer also issued estimates for EnPro Industries’ Q3 2022 earnings at $1.75 EPS.
EnPro Industries (NYSE:NPO – Get Rating) last released its quarterly earnings results on Monday, May 2nd. The industrial products company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.23. The firm had revenue of $328.70 million during the quarter, compared to the consensus estimate of $298.23 million. EnPro Industries had a return on equity of 10.01% and a net margin of 15.52%. The business’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 EPS.
Shares of EnPro Industries stock opened at $91.48 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.88 and a debt-to-equity ratio of 0.76. The firm has a market cap of $1.92 billion, a P/E ratio of 10.85 and a beta of 1.37. The firm’s fifty day simple moving average is $100.11. EnPro Industries has a 1 year low of $79.80 and a 1 year high of $117.63.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank N A MO bought a new stake in shares of EnPro Industries in the first quarter worth about $27,000. Lazard Asset Management LLC bought a new position in shares of EnPro Industries during the fourth quarter valued at approximately $54,000. Alpha Paradigm Partners LLC bought a new position in shares of EnPro Industries during the fourth quarter valued at approximately $69,000. KBC Group NV bought a new position in shares of EnPro Industries during the third quarter valued at approximately $60,000. Finally, Advisor Group Holdings Inc. grew its stake in shares of EnPro Industries by 8.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,250 shares of the industrial products company’s stock valued at $138,000 after buying an additional 97 shares during the last quarter. Institutional investors own 94.26% of the company’s stock.
In other news, CAO Steven R. Bower sold 1,308 shares of the firm’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John M. Childress II sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were 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. 1.50% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 1.22%. EnPro Industries’s dividend payout ratio (DPR) is presently 13.29%.
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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