Gamco Investors INC. ET AL raised its holdings in EnPro Industries (NYSE:NPO) by 33.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 400,220 shares of the industrial products company’s stock after purchasing an additional 101,400 shares during the period. Gamco Investors INC. ET AL owned about 1.88% of EnPro Industries worth $32,230,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in shares of EnPro Industries by 5.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 71 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in shares of EnPro Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 665 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of EnPro Industries in the first quarter worth approximately $203,000. BB&T Securities LLC acquired a new stake in shares of EnPro Industries in the second quarter worth approximately $222,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of EnPro Industries by 78.1% in the second quarter. State of Alaska Department of Revenue now owns 4,203 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 1,843 shares during the last quarter. 94.51% of the stock is currently owned by institutional investors.
Shares of EnPro Industries (NYSE NPO) opened at $83.00 on Thursday. The company has a quick ratio of 1.59, a current ratio of 2.27 and a debt-to-equity ratio of 0.65. EnPro Industries has a 1 year low of $54.82 and a 1 year high of $84.98. The company has a market capitalization of $1,773.45, a price-to-earnings ratio of 46.72, a price-to-earnings-growth ratio of 2.18 and a beta of 1.17.
EnPro Industries (NYSE:NPO) last announced its earnings results on Monday, October 30th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.16). EnPro Industries had a net margin of 40.74% and a return on equity of 7.92%. The firm had revenue of $343.70 million for the quarter, compared to analyst estimates of $324.00 million. During the same period last year, the firm earned $0.28 earnings per share. EnPro Industries’s revenue for the quarter was up 17.4% compared to the same quarter last year. equities research analysts expect that EnPro Industries will post 2.51 EPS for the current fiscal year.
EnPro Industries declared that its board has approved a stock repurchase plan on Monday, October 30th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, December 5th. EnPro Industries’s dividend payout ratio is currently 3.82%.
In other news, insider Stephen E. Macadam sold 25,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $84.06, for a total transaction of $2,101,500.00. Following the transaction, the insider now directly owns 194,447 shares in the company, valued at approximately $16,345,214.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.
A number of analysts have recently issued reports on the company. Zacks Investment Research lowered EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, November 3rd. B. Riley reiterated a “buy” rating on shares of EnPro Industries in a research report on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of EnPro Industries in a research report on Friday, October 20th. FBR & Co set a $100.00 price objective on EnPro Industries and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Finally, TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $88.33.
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EnPro Industries Company Profile
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.
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