EnPro Industries (NPO) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of EnPro Industries (NYSE:NPO) from a buy rating to a sell rating in a report issued on Wednesday.

According to Zacks, “EnPro Industries, Inc. is a diversified manufacturer of proprietary engineered products used in critical applications. EnPro Industries are a leader in sealing technologies, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other solutions that meet the needs of industries worldwide. EnPro Industries commitment to innovation, quality and value has propelled our brands to wide recognition and leading positions in their markets. EnPro businesses manufacture high quality products and provide high quality services to the customers. These products and services are sold into more than 40 distinct industries with thousands of applications, ranging from jet engines to chemical plants, oil wells to semiconductor clean rooms and Navy ships to tractor-trailer trucks. EnPro operates manufacturing facilities in North and South America, Europe and Asia. “

A number of other research firms have also recently commented on NPO. KeyCorp reiterated a hold rating on shares of EnPro Industries in a research report on Friday, October 20th. B. Riley set a $100.00 target price on EnPro Industries and gave the stock a buy rating in a research report on Tuesday, November 21st. Oppenheimer lifted their target price on EnPro Industries from $85.00 to $100.00 and gave the stock an outperform rating in a research report on Thursday, December 14th. Finally, FBR & Co set a $100.00 target price on EnPro Industries and gave the stock a buy rating in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $99.17.

EnPro Industries (NYSE:NPO) traded down $1.66 during trading on Wednesday, reaching $74.25. The company’s stock had a trading volume of 47,347 shares, compared to its average volume of 124,963. 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 one year low of $61.36 and a one year high of $94.79. The firm has a market capitalization of $1,776.01, a PE ratio of 3.13, a PEG ratio of 1.52 and a beta of 1.03.

EnPro Industries (NYSE:NPO) last posted its earnings results on Tuesday, February 13th. The industrial products company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.02. EnPro Industries had a return on equity of 9.40% and a net margin of 40.39%. The business had revenue of $362.50 million for the quarter, compared to analysts’ expectations of $348.10 million. analysts anticipate that EnPro Industries will post 3.53 earnings per share for the current year.

EnPro Industries declared that its board has initiated a share buyback program on Monday, October 30th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. This is a positive change from EnPro Industries’s previous quarterly dividend of $0.22. EnPro Industries’s dividend payout ratio (DPR) is currently 3.63%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its holdings in shares of EnPro Industries by 0.3% during the second quarter. California Public Employees Retirement System now owns 71,500 shares of the industrial products company’s stock worth $5,103,000 after buying an additional 200 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of EnPro Industries by 7.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 9,200 shares of the industrial products company’s stock worth $860,000 after buying an additional 600 shares during the last quarter. Koch Industries Inc. grew its holdings in shares of EnPro Industries by 19.8% during the fourth quarter. Koch Industries Inc. now owns 3,837 shares of the industrial products company’s stock worth $359,000 after buying an additional 634 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of EnPro Industries by 0.6% during the fourth quarter. Mutual of America Capital Management LLC now owns 111,577 shares of the industrial products company’s stock worth $10,434,000 after buying an additional 673 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of EnPro Industries by 1.7% during the third quarter. Rhumbline Advisers now owns 44,106 shares of the industrial products company’s stock worth $3,552,000 after buying an additional 750 shares during the last quarter. 93.12% of the stock is currently owned by hedge funds and other institutional investors.

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About EnPro Industries

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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