EnPro Industries (NYSE:NPO) Reaches New 12-Month High at $82.19

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Shares of EnPro Industries, Inc. (NYSE:NPO) reached a new 52-week high on Tuesday . The stock traded as high as $82.19 and last traded at $82.22, with a volume of 121 shares traded. The stock had previously closed at $81.29.

A number of equities research analysts recently weighed in on the stock. KeyCorp raised their target price on shares of EnPro Industries from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday. Oppenheimer raised their price objective on shares of EnPro Industries from $70.00 to $80.00 in a research report on Monday, December 7th.

The firm’s 50 day simple moving average is $75.11 and its 200 day simple moving average is $61.39. The stock has a market capitalization of $1.66 billion, a PE ratio of 8.56, a P/E/G ratio of 1.74 and a beta of 1.59. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.36 and a quick ratio of 2.85.

EnPro Industries (NYSE:NPO) last announced its quarterly earnings results on Sunday, November 8th. The industrial products company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.35. EnPro Industries had a return on equity of 4.83% and a net margin of 18.01%. The business had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $214.60 million. Analysts expect that EnPro Industries, Inc. will post 2.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Tuesday, December 1st. EnPro Industries’s dividend payout ratio (DPR) is presently 38.81%.

Several large investors have recently modified their holdings of the company. First Citizens Bank & Trust Co. bought a new position in EnPro Industries in the 4th quarter worth $202,000. Sei Investments Co. grew its stake in shares of EnPro Industries by 1.8% during the third quarter. Sei Investments Co. now owns 116,900 shares of the industrial products company’s stock valued at $6,608,000 after buying an additional 2,098 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of EnPro Industries in the third quarter worth approximately $247,000. California State Teachers Retirement System raised its holdings in shares of EnPro Industries by 0.8% in the third quarter. California State Teachers Retirement System now owns 31,335 shares of the industrial products company’s stock worth $1,768,000 after buying an additional 260 shares during the period. Finally, Chartwell Investment Partners LLC lifted its stake in shares of EnPro Industries by 131.1% during the 3rd quarter. Chartwell Investment Partners LLC now owns 261,180 shares of the industrial products company’s stock worth $14,733,000 after acquiring an additional 148,169 shares during the last quarter. 85.21% of the stock is owned by hedge funds and other institutional investors.

About EnPro Industries (NYSE:NPO)

EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company operates in two segments, Sealing Products and Engineered Products. The Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing products; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; and modular sealing systems for sealing pipeline penetrations for the use in chemical and petrochemical processing, petroleum extraction and refining, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries.

See Also: Net Income

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