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

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

Separately, Zacks Investment Research cut shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, May 6th. One analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $121.67.

Shares of EnPro Industries stock opened at $96.10 on Monday. The company has a fifty day moving average price of $98.05 and a 200 day moving average price of $104.07. The company has a current ratio of 1.77, a quick ratio of 1.35 and a debt-to-equity ratio of 0.73. EnPro Industries has a twelve month low of $79.80 and a twelve month high of $117.63. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 11.40 and a beta of 1.37.

EnPro Industries (NYSE:NPO – Get Rating) last posted its quarterly earnings data on Monday, May 2nd. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.30. The company had revenue of $328.70 million during the quarter, compared to analysts’ expectations of $298.23 million. EnPro Industries had a net margin of 14.73% and a return on equity of 10.47%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 EPS. Analysts forecast that EnPro Industries will post 6.94 earnings per share for the current year.

In related news, CAO Steven R. Bower sold 1,308 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at the SEC website. Also, CFO John M. Childress II sold 10,000 shares of the stock in a transaction dated 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 owned by corporate insiders.

Large investors have recently modified their holdings of the stock. UMB Bank N A MO purchased a new stake in shares of EnPro Industries in the 1st quarter valued at approximately $27,000. Lazard Asset Management LLC purchased a new stake in EnPro Industries in the 4th quarter worth approximately $54,000. Alpha Paradigm Partners LLC purchased a new stake in EnPro Industries in the 4th quarter worth approximately $69,000. KBC Group NV purchased a new stake in EnPro Industries in the 3rd quarter worth approximately $60,000. Finally, Advisor Group Holdings Inc. lifted its position in EnPro Industries by 8.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 1,250 shares of the industrial products company’s stock worth $138,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 94.26% of the company’s stock.

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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