American Century Companies Inc. trimmed its holdings in EnPro Industries, Inc. (NYSE:NPO) by 18.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 307,714 shares of the industrial products company’s stock after selling 67,736 shares during the quarter. American Century Companies Inc. owned 1.44% of EnPro Industries worth $28,774,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in EnPro Industries by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,922,369 shares of the industrial products company’s stock valued at $137,199,000 after purchasing an additional 19,621 shares during the period. Silver Point Capital L.P. increased its position in shares of EnPro Industries by 2.4% during the 3rd quarter. Silver Point Capital L.P. now owns 1,895,600 shares of the industrial products company’s stock valued at $152,653,000 after purchasing an additional 45,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of EnPro Industries by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 723,406 shares of the industrial products company’s stock valued at $58,256,000 after purchasing an additional 22,349 shares during the last quarter. State Street Corp increased its position in shares of EnPro Industries by 3.8% during the 2nd quarter. State Street Corp now owns 529,442 shares of the industrial products company’s stock valued at $37,786,000 after purchasing an additional 19,542 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of EnPro Industries by 6.8% during the 3rd quarter. Macquarie Group Ltd. now owns 504,718 shares of the industrial products company’s stock valued at $40,645,000 after purchasing an additional 32,148 shares during the last quarter. 90.95% of the stock is currently owned by institutional investors.
EnPro Industries, Inc. (NYSE:NPO) traded down $0.10 during trading hours on Thursday, hitting $73.73. The stock had a trading volume of 154,842 shares, compared to its average volume of 139,236. The company has a market capitalization of $1,607.79, a P/E ratio of 3.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.30 and a current ratio of 3.06. EnPro Industries, Inc. has a fifty-two week low of $62.19 and a fifty-two week high of $94.79.
EnPro Industries (NYSE:NPO) last announced its quarterly earnings results on Tuesday, February 13th. The industrial products company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. EnPro Industries had a return on equity of 8.02% and a net margin of 40.39%. The firm had revenue of $362.50 million for the quarter, compared to analyst estimates of $348.10 million. analysts forecast that EnPro Industries, Inc. will post 3.76 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, March 6th. This is a positive change from EnPro Industries’s previous quarterly dividend of $0.22. EnPro Industries’s payout ratio is 3.96%.
In other EnPro Industries news, SVP Steven R. Bower purchased 1,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of $75.54 per share, with a total value of $75,540.00. Following the completion of the acquisition, the senior vice president now owns 1,118 shares in the company, valued at $84,453.72. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.60% of the stock is owned by insiders.
Several research firms recently issued reports on NPO. ValuEngine raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a report on Wednesday. B. Riley set a $100.00 price objective on shares of EnPro Industries and gave the company a “buy” rating in a report on Tuesday, November 21st. Zacks Investment Research raised shares of EnPro Industries from a “sell” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Saturday, February 17th. Oppenheimer increased their price objective on shares of EnPro Industries from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Finally, KeyCorp upgraded EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 target price for the company in a research report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. EnPro Industries currently has an average rating of “Buy” and an average price target of $96.00.
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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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