EnPro Industries (NYSE:NPO) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of EnPro Industries (NYSE:NPO) from a sell rating to a hold rating in a research note released on Friday morning, ValuEngine reports.

Several other research firms have also issued reports on NPO. Zacks Investment Research lowered shares of EnPro Industries from a buy rating to a hold rating in a research report on Wednesday, October 30th. TheStreet lowered shares of EnPro Industries from a b rating to a c+ rating in a research report on Tuesday, November 5th.

NYSE:NPO traded down $0.01 during mid-day trading on Friday, hitting $67.23. The company’s stock had a trading volume of 164,006 shares, compared to its average volume of 117,940. EnPro Industries has a fifty-two week low of $55.43 and a fifty-two week high of $75.73. The company has a current ratio of 2.27, a quick ratio of 1.65 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 1.21 and a beta of 1.83. The stock has a fifty day moving average of $68.09 and a 200-day moving average of $65.12.

EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.18). EnPro Industries had a return on equity of 9.93% and a net margin of 0.89%. The business had revenue of $373.00 million during the quarter, compared to analyst estimates of $381.43 million. During the same period last year, the company earned $1.36 EPS. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities analysts anticipate that EnPro Industries will post 3.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Tuesday, December 3rd. EnPro Industries’s payout ratio is 25.58%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. NumerixS Investment Technologies Inc acquired a new stake in shares of EnPro Industries during the second quarter worth approximately $57,000. Bank of Montreal Can increased its holdings in shares of EnPro Industries by 204.5% during the second quarter. Bank of Montreal Can now owns 2,549 shares of the industrial products company’s stock worth $162,000 after buying an additional 1,712 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of EnPro Industries by 50.0% during the second quarter. Nisa Investment Advisors LLC now owns 3,000 shares of the industrial products company’s stock worth $192,000 after buying an additional 1,000 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of EnPro Industries during the third quarter worth approximately $221,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of EnPro Industries during the second quarter worth approximately $287,000. 92.52% of the stock is owned by institutional investors.

About EnPro Industries

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 packing products; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; and modular sealing systems for sealing pipeline penetrations.

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