Trade Report: The State Board of Administration of Florida Retirement System cuts its investment of stake in EnPro Industries Inc. (NPO)

The State Board of Administration of Florida Retirement System cuts its investment of stake in EnPro Industries Inc. (NPO)

State Board of Administration of Florida Retirement System cut its stake in EnPro Industries Inc. (NYSE:NPO) by 5.6% during the second quarter, Holdings Channel reports. The firm owned 9,753 shares of the company’s stock after selling 580 shares during the period. State Board of Administration of Florida Retirement System’s holdings in EnPro Industries were worth $433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NPO. Aperio Group LLC boosted its position in EnPro Industries by 87.3% in the first quarter. Aperio Group LLC now owns 9,130 shares of the company’s stock valued at $527,000 after buying an additional 4,256 shares during the period. Kennedy Capital Management Inc. bought a new position in EnPro Industries during the first quarter valued at about $865,000. Teachers Advisors Inc. boosted its position in EnPro Industries by 3.6% in the first quarter. Teachers Advisors Inc. now owns 205,560 shares of the company’s stock valued at $11,857,000 after buying an additional 7,107 shares during the period. BlackRock Group LTD boosted its position in EnPro Industries by 7.0% in the first quarter. BlackRock Group LTD now owns 30,574 shares of the company’s stock valued at $1,764,000 after buying an additional 2,001 shares during the period. Finally, Americafirst Capital Management LLC bought a new position in EnPro Industries during the second quarter valued at about $194,000. Hedge funds and other institutional investors own 94.31% of the company’s stock.

EnPro Industries Inc. (NYSE:NPO) traded down 1.04% on Friday, hitting $56.24. 86,152 shares of the stock traded hands. The stock’s market cap is $1.21 billion. EnPro Industries Inc. has a 12-month low of $37.53 and a 12-month high of $63.82. The stock has a 50-day moving average price of $55.19 and a 200 day moving average price of $52.03.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Tuesday, August 30th. EnPro Industries’s payout ratio is -71.79%.

Separately, Zacks Investment Research upgraded shares of EnPro Industries from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Saturday, July 9th.

About EnPro Industries

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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