J. Goldman & Co LP acquired a new position in Enpro Inc. (NYSE:NPO – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 26,084 shares of the industrial products company’s stock, valued at approximately $9,832,000.
Other large investors have also modified their holdings of the company. Hsbc Holdings PLC bought a new position in shares of Enpro during the second quarter valued at approximately $269,000. Legal & General Group Plc bought a new stake in shares of Enpro during the 2nd quarter worth approximately $18,353,000. The Manufacturers Life Insurance Company purchased a new position in Enpro during the 2nd quarter valued at $4,245,000. Gallo Partners LP purchased a new position in Enpro during the 2nd quarter valued at $999,000. Finally, Sanctuary Advisors LLC bought a new position in Enpro in the 2nd quarter valued at $426,000. Hedge funds and other institutional investors own 98.31% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Enpro in a research note on Monday, July 20th. They set an “overweight” rating and a $420.00 target price for the company. KeyCorp lifted their price objective on shares of Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Weiss Ratings cut shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Zacks Research upgraded shares of Enpro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised shares of Enpro from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Enpro currently has an average rating of “Buy” and an average target price of $358.33.
Enpro Stock Performance
NPO stock opened at $303.93 on Wednesday. Enpro Inc. has a 1-year low of $202.00 and a 1-year high of $390.42. The business has a 50-day moving average price of $337.78 and a 200 day moving average price of $302.02. The company has a market capitalization of $6.43 billion, a P/E ratio of 148.26, a PEG ratio of 2.13 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.28 and a quick ratio of 1.43.
Enpro (NYSE:NPO – Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.18. The company had revenue of $338.80 million for the quarter, compared to analysts’ expectations of $323.68 million. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.25 EPS. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. As a group, equities research analysts forecast that Enpro Inc. will post 9.55 EPS for the current fiscal year.
Enpro Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.32 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. Enpro’s dividend payout ratio (DPR) is currently 62.44%.
Enpro Company Profile
Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.
Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.
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