EnPro Industries (NPO) Raised to “Overweight” at KeyCorp

KeyCorp upgraded shares of EnPro Industries (NYSE:NPO) from a sector weight rating to an overweight rating in a research report released on Friday, Marketbeat reports. They currently have $105.00 price target on the industrial products company’s stock.

A number of other research analysts also recently issued reports on NPO. B. Riley reiterated a buy rating on shares of EnPro Industries in a research note on Wednesday, November 1st. Zacks Investment Research upgraded EnPro Industries from a hold rating to a strong-buy rating and set a $80.00 price target for the company in a research note on Friday, September 1st. BidaskClub downgraded EnPro Industries from a hold rating to a sell rating in a research note on Saturday, August 26th. Finally, FBR & Co restated a buy rating and issued a $85.00 price target on shares of EnPro Industries in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. EnPro Industries has a consensus rating of Hold and a consensus price target of $94.00.

EnPro Industries (NYSE:NPO) opened at $89.33 on Friday. The stock has a market capitalization of $1,905.03, a P/E ratio of 50.19, a P/E/G ratio of 2.30 and a beta of 1.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.59 and a current ratio of 2.27. EnPro Industries has a 52 week low of $61.36 and a 52 week high of $91.00.

EnPro Industries (NYSE:NPO) last announced its quarterly earnings data on Monday, October 30th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). The company had revenue of $343.70 million for the quarter, compared to the consensus estimate of $324.00 million. EnPro Industries had a net margin of 40.74% and a return on equity of 7.92%. The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. research analysts predict that EnPro Industries will post 2.51 earnings per share for the current year.

EnPro Industries declared that its board has authorized a stock buyback program on Monday, October 30th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.88 annualized dividend and a yield of 0.99%. EnPro Industries’s payout ratio is 3.82%.

In other EnPro Industries news, insider Stephen E. Macadam sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $84.06, for a total value of $2,101,500.00. Following the completion of the transaction, the insider now directly owns 194,447 shares in the company, valued at approximately $16,345,214.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of NPO. Gamco Investors INC. ET AL boosted its position in shares of EnPro Industries by 33.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 400,220 shares of the industrial products company’s stock valued at $32,230,000 after acquiring an additional 101,400 shares during the last quarter. Allianz Asset Management GmbH bought a new position in shares of EnPro Industries during the 3rd quarter valued at approximately $7,927,000. Castleark Management LLC bought a new position in shares of EnPro Industries during the 2nd quarter valued at approximately $6,456,000. American Century Companies Inc. boosted its position in shares of EnPro Industries by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 463,864 shares of the industrial products company’s stock valued at $33,106,000 after acquiring an additional 75,506 shares during the last quarter. Finally, Silver Point Capital L.P. boosted its position in shares of EnPro Industries by 3.4% during the 2nd quarter. Silver Point Capital L.P. now owns 1,850,600 shares of the industrial products company’s stock valued at $132,077,000 after acquiring an additional 60,600 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

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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.

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