Todays Report: The Zacks Investment Research Downgrades EnPro Industries Inc. (NPO) to Hold

The Zacks Investment Research Downgrades EnPro Industries Inc. (NPO) to Hold

EnPro Industries Inc. (NYSE:NPO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “EnPro Industries, Inc. is a leader in sealing products, metal polymer bearings, compressor systems and other engineered products for use in critical applications by industries worldwide. “

EnPro Industries (NYSE:NPO) traded down 1.04% during mid-day trading on Thursday, reaching $56.24. The company’s stock had a trading volume of 86,152 shares. EnPro Industries has a 12 month low of $37.53 and a 12 month high of $63.82. The company’s market cap is $1.21 billion. The stock’s 50 day moving average is $55.19 and its 200 day moving average is $52.03.

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EnPro Industries (NYSE:NPO) last released its quarterly earnings data 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. EnPro Industries had a positive return on equity of 7.48% and a negative net margin of 2.04%. The company had revenue of $313.20 million for the quarter, compared to analyst estimates of $311.87 million. During the same quarter in the prior year, the company earned $0.69 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts predict that EnPro Industries will post ($0.92) EPS for the current year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NPO. Capstone Asset Management Co. boosted its stake in shares of EnPro Industries by 3.2% in the second quarter. Capstone Asset Management Co. now owns 7,166 shares of the company’s stock valued at $318,000 after buying an additional 220 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of EnPro Industries by 115.8% in the second quarter. BNP Paribas Arbitrage SA now owns 6,855 shares of the company’s stock valued at $304,000 after buying an additional 3,678 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in shares of EnPro Industries by 13.5% in the first quarter. First Republic Investment Management Inc. now owns 19,262 shares of the company’s stock valued at $1,111,000 after buying an additional 2,287 shares during the last quarter. Kennedy Capital Management Inc. acquired a new stake in shares of EnPro Industries during the first quarter valued at approximately $865,000. Finally, HBK Investments L P acquired a new stake in shares of EnPro Industries during the first quarter valued at approximately $346,000. Hedge funds and other institutional investors own 94.31% of the company’s stock.

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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