Citadel Advisors LLC Takes $345,000 Position in EnPro Industries (NPO)

Citadel Advisors LLC acquired a new stake in EnPro Industries (NYSE:NPO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,827 shares of the industrial products company’s stock, valued at approximately $345,000.

Other large investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio grew its position in shares of EnPro Industries by 5.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 71 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of EnPro Industries in the first quarter valued at $125,000. Riverhead Capital Management LLC grew its position in shares of EnPro Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 665 shares during the period. Amalgamated Bank purchased a new stake in shares of EnPro Industries in the first quarter valued at $203,000. Finally, BB&T Securities LLC purchased a new stake in shares of EnPro Industries in the second quarter valued at $222,000. 94.47% of the stock is owned by institutional investors and hedge funds.

In other news, insider Todd L. Anderson sold 2,148 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total value of $156,095.16. Following the transaction, the insider now directly owns 9,000 shares of the company’s stock, valued at $654,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen E. Macadam sold 26,318 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the transaction, the insider now directly owns 245,765 shares in the company, valued at $18,206,271.20. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another publication, it was stolen and republished in violation of United States and international trademark & copyright laws. The original version of this story can be accessed at https://ledgergazette.com/2017/10/11/citadel-advisors-llc-takes-345000-position-in-enpro-industries-npo.html.

NPO has been the subject of a number of recent analyst reports. BidaskClub raised EnPro Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. FBR & Co reaffirmed an “outperform” rating on shares of EnPro Industries in a research report on Tuesday, July 11th. Zacks Investment Research downgraded EnPro Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Finally, TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $83.33.

EnPro Industries (NPO) opened at 81.87 on Wednesday. EnPro Industries has a one year low of $52.00 and a one year high of $82.72. The firm has a market cap of $1.75 billion, a PE ratio of 95.87 and a beta of 1.15. The company has a 50-day moving average price of $74.83 and a 200-day moving average price of $71.50.

EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.35). EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The company had revenue of $347.00 million during the quarter, compared to analyst estimates of $347.13 million. During the same period last year, the company posted $0.17 earnings per share. The company’s revenue was up 10.8% compared to the same quarter last year. Equities analysts predict that EnPro Industries will post $2.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, September 1st. EnPro Industries’s dividend

Other large investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio grew its position in shares of EnPro Industries by 5.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 71 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of EnPro Industries in the first quarter valued at $125,000. Riverhead Capital Management LLC grew its position in shares of EnPro Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 665 shares during the period. Amalgamated Bank purchased a new stake in shares of EnPro Industries in the first quarter valued at $203,000. Finally, BB&T Securities LLC purchased a new stake in shares of EnPro Industries in the second quarter valued at $222,000. 94.47% of the stock is owned by institutional investors and hedge funds.

In other news, insider Todd L. Anderson sold 2,148 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total value of $156,095.16. Following the transaction, the insider now directly owns 9,000 shares of the company’s stock, valued at $654,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen E. Macadam sold 26,318 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the transaction, the insider now directly owns 245,765 shares in the company, valued at $18,206,271.20. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another publication, it was stolen and republished in violation of United States and international trademark & copyright laws. The original version of this story can be accessed at https://ledgergazette.com/2017/10/11/citadel-advisors-llc-takes-345000-position-in-enpro-industries-npo.html.

NPO has been the subject of a number of recent analyst reports. BidaskClub raised EnPro Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. FBR & Co reaffirmed an “outperform” rating on shares of EnPro Industries in a research report on Tuesday, July 11th. Zacks Investment Research downgraded EnPro Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Finally, TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $83.33.

EnPro Industries (NPO) opened at 81.87 on Wednesday. EnPro Industries has a one year low of $52.00 and a one year high of $82.72. The firm has a market cap of $1.75 billion, a PE ratio of 95.87 and a beta of 1.15. The company has a 50-day moving average price of $74.83 and a 200-day moving average price of $71.50.

EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.35). EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The company had revenue of $347.00 million during the quarter, compared to analyst estimates of $347.13 million. During the same period last year, the company posted $0.17 earnings per share. The company’s revenue was up 10.8% compared to the same quarter last year. Equities analysts predict that EnPro Industries will post $2.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, September 1st. EnPro Industries’s dividend payout ratio (DPR) is presently 103.53%.

EnPro Industries Company Profile

EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.

Institutional Ownership by Quarter for EnPro Industries (NYSE:NPO)

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