EnPro Industries, Inc. (NYSE:NPO) – Investment analysts at Oppenheimer reduced their Q4 2020 EPS estimates for shares of EnPro Industries in a research report issued to clients and investors on Thursday, June 25th. Oppenheimer analyst I. Zaffino now anticipates that the industrial products company will post earnings of $0.31 per share for the quarter, down from their prior forecast of $0.33. Oppenheimer currently has a “Buy” rating and a $65.00 target price on the stock. Oppenheimer also issued estimates for EnPro Industries’ FY2021 earnings at $1.61 EPS.
Several other research firms have also commented on NPO. Sidoti boosted their price target on shares of EnPro Industries from $56.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Zacks Investment Research downgraded shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $57.00.
NYSE:NPO opened at $49.29 on Monday. EnPro Industries has a one year low of $30.04 and a one year high of $73.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.23 and a current ratio of 2.78. The firm has a market cap of $938.99 million, a P/E ratio of 4.18, a P/E/G ratio of 3.13 and a beta of 1.67. The firm has a 50-day simple moving average of $46.03 and a 200-day simple moving average of $51.73.
EnPro Industries (NYSE:NPO) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.22. EnPro Industries had a net margin of 18.35% and a return on equity of 8.13%. The firm had revenue of $282.70 million for the quarter, compared to the consensus estimate of $307.90 million.
Several institutional investors have recently added to or reduced their stakes in NPO. Swiss National Bank grew its position in EnPro Industries by 1.6% in the 4th quarter. Swiss National Bank now owns 37,400 shares of the industrial products company’s stock valued at $2,501,000 after buying an additional 600 shares during the last quarter. State Street Corp raised its stake in shares of EnPro Industries by 3.9% during the 4th quarter. State Street Corp now owns 633,715 shares of the industrial products company’s stock worth $42,383,000 after purchasing an additional 23,734 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of EnPro Industries by 7.2% during the 4th quarter. Victory Capital Management Inc. now owns 51,187 shares of the industrial products company’s stock worth $3,423,000 after purchasing an additional 3,448 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of EnPro Industries by 10.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,271 shares of the industrial products company’s stock worth $218,000 after purchasing an additional 314 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of EnPro Industries by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 189,105 shares of the industrial products company’s stock worth $12,648,000 after purchasing an additional 7,811 shares in the last quarter. 92.80% of the stock is owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Tuesday, June 2nd. EnPro Industries’s payout ratio is 38.81%.
EnPro Industries Company Profile
EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's 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.
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