EnPro Industries, Inc. (NYSE:NPO) – Stock analysts at Gabelli boosted their FY2019 earnings estimates for shares of EnPro Industries in a report released on Wednesday. Gabelli analyst J. Bergner now forecasts that the firm will post earnings of $3.45 per share for the year, up from their previous forecast of $3.35. Gabelli also issued estimates for EnPro Industries’ FY2020 earnings at $3.85 EPS.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by $0.31. The business had revenue of $286.90 million for the quarter, compared to analyst estimates of $321.63 million. EnPro Industries had a positive return on equity of 7.81% and a negative net margin of 2.50%. During the same period in the previous year, the business posted $0.30 earnings per share.
A number of other analysts also recently commented on NPO. Zacks Investment Research upgraded EnPro Industries from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Thursday, January 5th. Wunderlich initiated coverage on EnPro Industries in a research report on Wednesday, March 22nd. They set a “buy” rating and a $85.00 target price on the stock.
Shares of EnPro Industries (NYSE:NPO) opened at 71.16 on Friday. EnPro Industries has a 12 month low of $42.56 and a 12 month high of $71.76. The company’s 50 day moving average price is $65.74 and its 200-day moving average price is $62.43. The firm’s market capitalization is $1.51 billion.
A number of hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can increased its stake in shares of EnPro Industries by 1.7% in the third quarter. Great West Life Assurance Co. Can now owns 28,332 shares of the company’s stock valued at $1,609,000 after buying an additional 466 shares in the last quarter. Peregrine Capital Management LLC bought a new stake in shares of EnPro Industries during the third quarter valued at about $17,371,000. Aperio Group LLC increased its stake in shares of EnPro Industries by 0.7% in the third quarter. Aperio Group LLC now owns 8,882 shares of the company’s stock valued at $505,000 after buying an additional 59 shares in the last quarter. US Bancorp DE increased its stake in shares of EnPro Industries by 1.4% in the third quarter. US Bancorp DE now owns 13,331 shares of the company’s stock valued at $758,000 after buying an additional 189 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of EnPro Industries by 19.2% in the third quarter. Sei Investments Co. now owns 4,576 shares of the company’s stock valued at $260,000 after buying an additional 736 shares in the last quarter. Institutional investors own 94.32% of the company’s stock.
In other EnPro Industries news, insider Stephen E. Macadam sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $67.00, for a total transaction of $670,000.00. Following the sale, the insider now directly owns 219,447 shares in the company, valued at $14,702,949. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stephen E. Macadam sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $65.12, for a total value of $1,302,400.00. Following the sale, the insider now owns 249,447 shares in the company, valued at $16,243,988.64. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.24%. This is an increase from EnPro Industries’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, February 27th. EnPro Industries’s payout ratio is presently -60.00%.
About EnPro Industries
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.