Trade Report: The Mason Street Advisors LLC Takes Position in EnPro Industries Inc. (NPO)

The Mason Street Advisors LLC Takes Position in EnPro Industries Inc. (NPO)

Mason Street Advisors LLC bought a new position in EnPro Industries Inc. (NYSE:NPO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,247 shares of the company’s stock, valued at approximately $189,000.

Several other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in EnPro Industries by 9.9% in the second quarter. Royal Bank of Canada now owns 323,431 shares of the company’s stock worth $14,357,000 after buying an additional 29,038 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of EnPro Industries by 5.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 103,877 shares of the company’s stock worth $4,612,000 after buying an additional 5,423 shares in the last quarter. Advisory Research Inc. boosted its stake in shares of EnPro Industries by 110.3% in the second quarter. Advisory Research Inc. now owns 210,460 shares of the company’s stock worth $9,342,000 after buying an additional 110,380 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of EnPro Industries by 0.9% in the second quarter. Arizona State Retirement System now owns 11,297 shares of the company’s stock worth $501,000 after buying an additional 100 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in shares of EnPro Industries during the second quarter worth about $1,400,000. Institutional investors own 94.31% of the company’s stock.

Shares of EnPro Industries Inc. (NYSE:NPO) opened at 55.86 on Thursday. EnPro Industries Inc. has a 52 week low of $37.53 and a 52 week high of $63.82. The company has a 50-day moving average price of $55.46 and a 200-day moving average price of $51.99. The company’s market capitalization is $1.20 billion.

EnPro Industries (NYSE:NPO) last released its earnings results on Tuesday, August 2nd. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by $0.06. EnPro Industries had a positive return on equity of 7.48% and a negative net margin of 2.04%. The company earned $313.20 million during the quarter, compared to analysts’ expectations of $311.87 million. During the same period in the prior year, the company posted $0.69 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Analysts predict that EnPro Industries Inc. will post ($0.92) earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.50%. EnPro Industries’s dividend payout ratio is currently -71.79%.

Separately, Zacks Investment Research cut EnPro Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 6th.

EnPro Industries Company Profile

EnPro Industries, Inc (EnPro) is engaged in the designing, developing, manufacturing, and marketing engineered industrial products. The Company operates through three segments: Sealing Products, Engineered Products and Power Systems. Its Sealing Products segment designs, manufactures and sells sealing products, including metallic, non-metallic and composite material gaskets, resilient metal seals, elastomeric seals, hydraulic components, expansion joints and casing end seals.

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