ValuEngine Upgrades EnPro Industries (NYSE:NPO) to “Hold”

EnPro Industries (NYSE:NPO) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday, ValuEngine reports.

A number of other analysts have also commented on NPO. Zacks Investment Research lowered EnPro Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. TheStreet lowered EnPro Industries from a “b” rating to a “c+” rating in a research note on Tuesday, November 5th.

NYSE:NPO traded down $0.01 during trading hours 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. The stock has a fifty day simple moving average of $68.09 and a 200-day simple moving average of $65.12. The company has a market capitalization of $1.39 billion, a P/E ratio of 17.19, a PEG ratio of 1.21 and a beta of 1.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.27 and a quick ratio of 1.65. EnPro Industries has a twelve month low of $55.43 and a twelve month high of $75.73.

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

Several hedge funds have recently made changes to their positions in NPO. Mackenzie Financial Corp boosted its stake in shares of EnPro Industries by 199,941.4% during the second quarter. Mackenzie Financial Corp now owns 12,102,505 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 12,096,455 shares in the last quarter. Invesco Ltd. lifted its stake in shares of EnPro Industries by 625.8% in the second quarter. Invesco Ltd. now owns 326,669 shares of the industrial products company’s stock worth $20,854,000 after acquiring an additional 281,659 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of EnPro Industries by 383.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 138,983 shares of the industrial products company’s stock worth $8,873,000 after acquiring an additional 110,235 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of EnPro Industries in the second quarter worth approximately $6,604,000. Finally, Gamco Investors INC. ET AL lifted its stake in shares of EnPro Industries by 6.1% in the second quarter. Gamco Investors INC. ET AL now owns 1,372,654 shares of the industrial products company’s stock worth $87,630,000 after acquiring an additional 78,808 shares during the period. 92.52% of the stock is currently owned by hedge funds and other 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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