PineBridge Investments L.P. maintained its stake in shares of EnPro Industries Inc. (NYSE:NPO) during the second quarter, Holdings Channel reports. The firm owned 2,681 shares of the company’s stock at the end of the second quarter. PineBridge Investments L.P.’s holdings in EnPro Industries were worth $119,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in NPO. Vanguard Group Inc. boosted its position in EnPro Industries by 1.5% in the second quarter. Vanguard Group Inc. now owns 1,752,083 shares of the company’s stock valued at $77,775,000 after buying an additional 26,350 shares in the last quarter. BlackRock Fund Advisors boosted its position in EnPro Industries by 0.6% in the first quarter. BlackRock Fund Advisors now owns 1,409,732 shares of the company’s stock valued at $81,313,000 after buying an additional 8,427 shares in the last quarter. American Century Companies Inc. boosted its position in EnPro Industries by 58.2% in the second quarter. American Century Companies Inc. now owns 452,044 shares of the company’s stock valued at $20,066,000 after buying an additional 166,383 shares in the last quarter. State Street Corp boosted its position in EnPro Industries by 3.1% in the first quarter. State Street Corp now owns 433,417 shares of the company’s stock valued at $24,996,000 after buying an additional 13,022 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in EnPro Industries by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 224,613 shares of the company’s stock valued at $9,971,000 after buying an additional 783 shares in the last quarter. Institutional investors and hedge funds own 94.31% of the company’s stock.
Shares of EnPro Industries Inc. (NYSE:NPO) opened at 56.16 on Wednesday. EnPro Industries Inc. has a one year low of $37.53 and a one year high of $63.82. The stock’s market cap is $1.21 billion. The company has a 50-day moving average of $54.85 and a 200 day moving average of $51.98.
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 negative net margin of 2.04% and a positive return on equity of 7.48%. The business earned $313.20 million during the quarter, compared to analyst estimates of $311.87 million. During the same period last year, the business posted $0.69 EPS. EnPro Industries’s revenue was up 5.0% compared to the same quarter last year. On average, equities analysts forecast that EnPro Industries Inc. will post ($0.92) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, August 30th. EnPro Industries’s dividend payout ratio (DPR) is currently -71.79%.
Separately, Zacks Investment Research raised shares of EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $65.00 price target for the company in a report on Wednesday.
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.