FBR & Co Reaffirms Outperform Rating for EnPro Industries (NYSE:NPO)

FBR & Co reaffirmed their outperform rating on shares of EnPro Industries (NYSE:NPO) in a report published on Tuesday, July 11th. FBR & Co also issued estimates for EnPro Industries’ FY2018 earnings at $2.39 EPS.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered EnPro Industries from a hold rating to a strong sell rating in a research note on Saturday, April 8th. Wunderlich started coverage on EnPro Industries in a research note on Wednesday, March 22nd. They set a buy rating and a $85.00 target price on the stock. Finally, BidaskClub upgraded EnPro Industries from a hold rating to a buy rating in a research note on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $78.50.

EnPro Industries (NYSE:NPO) opened at 73.24 on Tuesday. The firm has a market capitalization of $1.56 billion, a PE ratio of 85.76 and a beta of 1.10. EnPro Industries has a 1-year low of $49.91 and a 1-year high of $77.65. The stock’s 50 day moving average is $72.69 and its 200-day moving average is $68.77.

EnPro Industries (NYSE:NPO) last released its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.35. EnPro Industries had a net margin of 1.56% and a return on equity of 8.71%. The business had revenue of $347 million during the quarter, compared to analyst estimates of $347.13 million. During the same period in the previous year, the business earned $0.17 earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. Equities research analysts forecast that EnPro Industries will post $2.61 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, September 1st. This represents a $0.88 dividend on an annualized basis and a yield of 1.20%. EnPro Industries’s dividend payout ratio (DPR) is presently 103.53%.

In other news, insider Stephen E. Macadam sold 26,318 shares of EnPro Industries stock in a transaction on Monday, August 7th. The stock was sold at an average price of $74.08, for a total value of $1,949,637.44. Following the transaction, the insider now owns 245,765 shares in the company, valued at approximately $18,206,271.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Steven R. Bower purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was acquired at an average price of $71.51 per share, for a total transaction of $71,510.00. The disclosure for this purchase can be found here. 2.60% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in EnPro Industries by 8.4% in the first quarter. US Bancorp DE now owns 14,845 shares of the industrial products company’s stock valued at $1,057,000 after buying an additional 1,150 shares during the period. American Century Companies Inc. increased its stake in EnPro Industries by 0.8% in the first quarter. American Century Companies Inc. now owns 388,358 shares of the industrial products company’s stock valued at $27,636,000 after buying an additional 3,243 shares during the period. Great West Life Assurance Co. Can increased its stake in EnPro Industries by 7.6% in the first quarter. Great West Life Assurance Co. Can now owns 29,736 shares of the industrial products company’s stock valued at $2,115,000 after buying an additional 2,092 shares during the period. State of Alaska Department of Revenue increased its stake in EnPro Industries by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 2,360 shares of the industrial products company’s stock valued at $167,000 after buying an additional 30 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in EnPro Industries by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,700 shares of the industrial products company’s stock valued at $619,000 after buying an additional 100 shares during the period. 94.79% of the stock is currently owned by institutional investors.

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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