Trexquant Investment LP Invests $374,000 in EnPro Industries (NPO)

Trexquant Investment LP purchased a new stake in shares of EnPro Industries (NYSE:NPO) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,644 shares of the industrial products company’s stock, valued at approximately $374,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its holdings in EnPro Industries by 5.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 71 shares in the last quarter. Aperio Group LLC boosted its holdings in EnPro Industries by 2.3% in the second quarter. Aperio Group LLC now owns 8,239 shares of the industrial products company’s stock worth $588,000 after acquiring an additional 189 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in EnPro Industries by 45.5% in the second quarter. Russell Investments Group Ltd. now owns 22,697 shares of the industrial products company’s stock worth $1,620,000 after acquiring an additional 7,095 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in EnPro Industries by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,060 shares of the industrial products company’s stock worth $361,000 after acquiring an additional 170 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in EnPro Industries by 2.4% in the second quarter. Great West Life Assurance Co. Can now owns 30,456 shares of the industrial products company’s stock worth $2,172,000 after acquiring an additional 720 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

EnPro Industries (NPO) traded up $1.81 during trading on Tuesday, reaching $88.46. The company had a trading volume of 231,200 shares, compared to its average volume of 113,219. The stock has a market capitalization of $1,847.87, a PE ratio of 48.68, a PEG ratio of 2.27 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 12 month low of $61.33 and a 12 month high of $89.58.

EnPro Industries (NYSE:NPO) last issued its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). The company had revenue of $343.70 million during the quarter, compared to analysts’ expectations of $324.00 million. EnPro Industries had a return on equity of 7.92% and a net margin of 40.74%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. equities research analysts anticipate that EnPro Industries will post 2.51 EPS for the current fiscal year.

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

EnPro Industries announced that its Board of Directors has approved a share repurchase program on Monday, October 30th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

NPO has been the topic of several analyst reports. FBR & Co set a $100.00 target price on EnPro Industries and gave the stock a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research downgraded EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Friday, November 3rd. BidaskClub downgraded EnPro Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. KeyCorp reissued a “hold” rating on shares of EnPro Industries in a report on Friday, October 20th. Finally, B. Riley set a $100.00 target price on EnPro Industries and gave the stock a “buy” rating in a report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $91.25.

In other EnPro Industries news, insider Stephen E. Macadam sold 25,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 194,447 shares in the company, valued at $16,345,214.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.60% 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.

Institutional Ownership by Quarter for EnPro Industries (NYSE:NPO)

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