Thrivent Financial For Lutherans trimmed its holdings in EnPro Industries (NYSE:NPO) by 51.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,900 shares of the industrial products company’s stock after selling 13,940 shares during the period. Thrivent Financial For Lutherans owned approximately 0.06% of EnPro Industries worth $921,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NPO. Bank of America Corp DE grew its position in EnPro Industries by 30.3% in the first quarter. Bank of America Corp DE now owns 110,929 shares of the industrial products company’s stock worth $7,894,000 after acquiring an additional 25,769 shares in the last quarter. Vanguard Group Inc. lifted its stake in EnPro Industries by 4.7% in the first quarter. Vanguard Group Inc. now owns 1,902,748 shares of the industrial products company’s stock worth $135,399,000 after purchasing an additional 85,493 shares during the last quarter. Renaissance Technologies LLC lifted its stake in EnPro Industries by 31.1% in the first quarter. Renaissance Technologies LLC now owns 144,300 shares of the industrial products company’s stock worth $10,268,000 after purchasing an additional 34,200 shares during the last quarter. American Century Companies Inc. lifted its stake in EnPro Industries by 19.4% in the second quarter. American Century Companies Inc. now owns 463,864 shares of the industrial products company’s stock worth $33,106,000 after purchasing an additional 75,506 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of EnPro Industries by 22.4% during the second quarter. Sei Investments Co. now owns 22,205 shares of the industrial products company’s stock valued at $1,584,000 after acquiring an additional 4,066 shares during the last quarter. Hedge funds and other institutional investors own 94.47% of the company’s stock.
Shares of EnPro Industries (NYSE NPO) opened at 79.09 on Wednesday. The company has a market capitalization of $1.69 billion, a P/E ratio of 92.61 and a beta of 1.15. The stock’s 50 day moving average is $76.03 and its 200 day moving average is $71.84. EnPro Industries has a 12 month low of $52.00 and a 12 month high of $82.72.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.46 EPS for the quarter, missing the 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 $347.00 million during the quarter, compared to analysts’ expectations of $347.13 million. During the same quarter last year, the firm earned $0.17 EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities analysts predict that EnPro Industries will post $2.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Friday, September 1st. EnPro Industries’s payout ratio is currently 103.53%.
A number of equities research analysts have weighed in on NPO shares. FBR & Co restated a “buy” rating and issued a $85.00 price objective on shares of EnPro Industries in a report on Tuesday, September 12th. Zacks Investment Research upgraded shares of EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $80.00 price target on the stock in a report on Friday, September 1st. BidaskClub cut shares of EnPro Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Finally, TheStreet upgraded shares of EnPro Industries from a “c+” rating to a “b-” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $83.33.
In other EnPro Industries news, insider Todd L. Anderson sold 2,148 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $72.67, for a total value of $156,095.16. Following the completion of the transaction, the insider now owns 9,000 shares in the company, valued at approximately $654,030. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen E. Macadam sold 26,318 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 245,765 shares of the company’s stock, valued at approximately $18,206,271.20. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
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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