Enpro (NYSE:NPO) Sets New 1-Year High – Time to Buy?

Enpro Inc. (NYSE:NPO) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $251.82 and last traded at $248.8520, with a volume of 9048 shares. The stock had previously closed at $244.96.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Enpro in a report on Monday, December 29th. Finally, KeyCorp lifted their price objective on shares of Enpro from $250.00 to $260.00 and gave the company an “overweight” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $250.00.

Enpro Trading Up 3.1%

The firm has a market capitalization of $5.33 billion, a PE ratio of 61.90, a price-to-earnings-growth ratio of 1.86 and a beta of 1.58. The company has a quick ratio of 1.69, a current ratio of 2.44 and a debt-to-equity ratio of 0.29. The company’s 50-day simple moving average is $226.54 and its 200 day simple moving average is $222.78.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.93 by $0.06. The firm had revenue of $286.60 million during the quarter, compared to analyst estimates of $276.57 million. Enpro had a net margin of 7.81% and a return on equity of 10.77%. As a group, sell-side analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Institutional Trading of Enpro

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its position in Enpro by 67.2% during the 1st quarter. AQR Capital Management LLC now owns 3,287 shares of the industrial products company’s stock valued at $532,000 after buying an additional 1,321 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Enpro by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the industrial products company’s stock worth $2,023,000 after acquiring an additional 552 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Enpro during the first quarter worth about $247,000. United Services Automobile Association purchased a new stake in shares of Enpro during the first quarter worth about $220,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Enpro by 17.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 68,906 shares of the industrial products company’s stock valued at $11,148,000 after acquiring an additional 10,162 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Company Profile

Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.