Zacks Investment Research upgraded shares of EnPro Industries (NYSE:NPO) from a hold rating to a buy rating in a report published on Tuesday morning, Zacks.com reports. They currently have $75.00 target price on the industrial products company’s stock.
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. “
Separately, ValuEngine downgraded shares of EnPro Industries from a hold rating to a sell rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $78.00.
NPO opened at $67.65 on Tuesday. EnPro Industries has a 1-year low of $55.43 and a 1-year high of $75.73. The company has a current ratio of 2.52, a quick ratio of 1.65 and a debt-to-equity ratio of 0.49. The company has a market cap of $1.41 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.09 and a beta of 1.84. The company has a fifty day moving average price of $66.44 and a two-hundred day moving average price of $65.13.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Monday, July 29th. The industrial products company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.32. EnPro Industries had a net margin of 2.58% and a return on equity of 10.45%. The firm had revenue of $387.00 million during the quarter, compared to the consensus estimate of $389.77 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. On average, research analysts forecast that EnPro Industries will post 4.35 EPS for the current fiscal year.
In other EnPro Industries news, SVP Steven R. Bower bought 1,700 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of $63.92 per share, with a total value of $108,664.00. Following the completion of the transaction, the senior vice president now directly owns 3,190 shares in the company, valued at approximately $203,904.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Judd Dayton bought 40,508 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $9.75 per share, with a total value of $394,953.00. Insiders own 2.20% of the company’s stock.
Large investors have recently bought and sold shares of the company. NumerixS Investment Technologies Inc bought a new stake in shares of EnPro Industries during the second quarter worth about $57,000. Bank of Montreal Can increased its position 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 acquiring an additional 1,712 shares in the last quarter. Nisa Investment Advisors LLC increased its position 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 acquiring an additional 1,000 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of EnPro Industries during the third quarter worth about $221,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of EnPro Industries during the second quarter worth about $287,000. 92.21% 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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