EnPro Industries, Inc. (NYSE:NPO – Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 283,900 shares, a decrease of 24.7% from the July 15th total of 377,000 shares. Based on an average trading volume of 122,500 shares, the short-interest ratio is currently 2.3 days.
EnPro Industries Stock Performance
EnPro Industries stock opened at $134.13 on Friday. EnPro Industries has a fifty-two week low of $83.69 and a fifty-two week high of $144.86. The stock’s 50 day simple moving average is $131.71 and its two-hundred day simple moving average is $113.35. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.79 and a current ratio of 4.03. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 16.16 and a beta of 1.50.
EnPro Industries (NYSE:NPO – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.10. EnPro Industries had a return on equity of 10.85% and a net margin of 15.54%. The company had revenue of $276.90 million for the quarter, compared to analysts’ expectations of $276.43 million. During the same period in the prior year, the firm earned $2.32 earnings per share. The firm’s revenue for the quarter was down 16.9% on a year-over-year basis. As a group, analysts expect that EnPro Industries will post 6.92 earnings per share for the current fiscal year.
EnPro Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 30th will be given a dividend of $0.29 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 0.86%. EnPro Industries’s dividend payout ratio (DPR) is presently 13.98%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on NPO. TheStreet raised shares of EnPro Industries from a “c+” rating to a “b-” rating in a report on Tuesday, May 2nd. KeyCorp increased their price target on shares of EnPro Industries from $145.00 to $158.00 in a report on Wednesday, July 5th. Finally, StockNews.com lowered shares of EnPro Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd.
Read Our Latest Analysis on EnPro Industries
Institutional Investors Weigh In On EnPro Industries
Institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. raised its stake in shares of EnPro Industries by 87.9% in the first quarter. Advisor Group Holdings Inc. now owns 2,349 shares of the industrial products company’s stock worth $309,000 after buying an additional 1,099 shares during the period. Raymond James & Associates raised its stake in shares of EnPro Industries by 1.8% in the first quarter. Raymond James & Associates now owns 43,294 shares of the industrial products company’s stock worth $4,231,000 after buying an additional 767 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of EnPro Industries by 148.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,876 shares of the industrial products company’s stock worth $477,000 after buying an additional 2,916 shares during the period. MetLife Investment Management LLC raised its stake in shares of EnPro Industries by 58.0% in the first quarter. MetLife Investment Management LLC now owns 10,795 shares of the industrial products company’s stock worth $1,055,000 after buying an additional 3,962 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of EnPro Industries by 1.3% in the first quarter. Rhumbline Advisers now owns 60,837 shares of the industrial products company’s stock worth $5,946,000 after buying an additional 774 shares during the period. 94.35% of the stock is owned by hedge funds and other institutional investors.
EnPro Industries Company Profile
(Get Free Report)
EnPro Industries, Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; compression packing products; hydraulic components; expansion joints; wall penetration products; and dynamic seals, resilient metal, elastomeric, and custom-engineered mechanical seals for chemical and petrochemical processing, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries.
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