Malaga Cove Capital LLC raised its stake in shares of EnPro Industries, Inc. (NYSE:NPO) by 72.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,458 shares of the industrial products company’s stock after purchasing an additional 4,803 shares during the period. Malaga Cove Capital LLC owned 0.05% of EnPro Industries worth $840,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Northern Trust Corp lifted its position in shares of EnPro Industries by 2.9% in the 2nd quarter. Northern Trust Corp now owns 297,736 shares of the industrial products company’s stock worth $20,826,000 after buying an additional 8,256 shares during the last quarter. WealthTrust Fairport LLC bought a new position in shares of EnPro Industries in the 2nd quarter worth about $1,174,000. Bank of New York Mellon Corp lifted its position in shares of EnPro Industries by 11.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 445,313 shares of the industrial products company’s stock worth $31,150,000 after buying an additional 47,522 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of EnPro Industries by 105.7% in the 2nd quarter. Schroder Investment Management Group now owns 361,540 shares of the industrial products company’s stock worth $25,456,000 after buying an additional 185,742 shares during the last quarter. Finally, Trilogy Capital Inc. bought a new position in shares of EnPro Industries in the 2nd quarter worth about $189,000. 91.54% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on NPO shares. TheStreet upgraded shares of EnPro Industries from a “c+” rating to a “b-” rating in a research report on Monday, August 6th. SunTrust Banks restated a “buy” rating and issued a $88.00 price target on shares of EnPro Industries in a research report on Thursday, August 16th. B. Riley reduced their price target on shares of EnPro Industries from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, August 6th. Oppenheimer set a $90.00 price target on shares of EnPro Industries and gave the stock a “buy” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research upgraded shares of EnPro Industries from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $84.40.
NPO stock opened at $73.17 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.85 and a current ratio of 2.74. EnPro Industries, Inc. has a fifty-two week low of $57.31 and a fifty-two week high of $94.79. The stock has a market capitalization of $1.49 billion, a P/E ratio of 31.81, a PEG ratio of 1.51 and a beta of 1.21.
EnPro Industries (NYSE:NPO) last released its quarterly earnings data on Wednesday, October 31st. The industrial products company reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.26. The business had revenue of $388.20 million for the quarter, compared to analysts’ expectations of $377.13 million. EnPro Industries had a net margin of 4.63% and a return on equity of 8.68%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS. As a group, research analysts forecast that EnPro Industries, Inc. will post 3.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.96 annualized dividend and a yield of 1.31%. EnPro Industries’s payout ratio is 41.74%.
In other EnPro Industries news, SVP Jon D. Rickers sold 500 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $75.63, for a total transaction of $37,815.00. Following the transaction, the senior vice president now owns 6,215 shares of the company’s stock, valued at approximately $470,040.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by company insiders.
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EnPro Industries Profile
EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.
Further Reading: Book Value Per Share – BVPS
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