EnPro Industries (NYSE:NPO) Downgraded by StockNews.com 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 Sunday.

Separately, Zacks Investment Research downgraded EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $121.67.

NYSE:NPO opened at $91.64 on Friday. EnPro Industries has a one year low of $79.80 and a one year high of $117.63. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.77 and a quick ratio of 1.46. The company’s 50-day simple moving average is $99.21 and its 200 day simple moving average is $103.98. The firm has a market capitalization of $1.91 billion, a P/E ratio of 10.87 and a beta of 1.37.

EnPro Industries (NYSE:NPO – Get Rating) last posted its quarterly earnings results on Monday, May 2nd. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.30. The company had revenue of $328.70 million for the quarter, compared to the consensus estimate of $298.23 million. EnPro Industries had a return on equity of 10.47% and a net margin of 14.73%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.37 EPS. On average, equities research analysts expect that EnPro Industries will post 6.94 earnings per share for the current fiscal year.

In related news, CAO Steven R. Bower sold 1,308 shares of the company’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 SEC, which is available through the SEC website. Also, CFO John M. Childress II sold 10,000 shares of the company’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. Corporate insiders own 1.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NPO. Goldman Sachs Group Inc. lifted its holdings 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 valued at $52,476,000 after buying an additional 434,797 shares during the period. abrdn plc bought a new position in shares of EnPro Industries during the 4th quarter valued at $27,981,000. Norges Bank bought a new position in shares of EnPro Industries during the 4th quarter valued at $23,965,000. Tributary Capital Management LLC bought a new position in EnPro Industries in the 1st quarter worth $12,816,000. Finally, Allspring Global Investments Holdings LLC bought a new position in EnPro Industries in the 4th quarter worth $11,876,000. 94.26% 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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