Enpro (NYSE:NPO) Hits New 12-Month High – Here’s Why

Enpro Inc. (NYSE:NPO)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $335.71 and last traded at $333.83, with a volume of 31739 shares traded. The stock had previously closed at $322.82.

Analyst Upgrades and Downgrades

NPO has been the topic of several recent research reports. KeyCorp lifted their target price on shares of Enpro from $310.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Enpro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Oppenheimer boosted their price target on shares of Enpro from $240.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Finally, Wall Street Zen downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Enpro currently has a consensus rating of “Moderate Buy” and an average price target of $315.00.

Enpro Stock Down 2.1%

The company has a current ratio of 2.20, a quick ratio of 1.40 and a debt-to-equity ratio of 0.39. The stock’s 50-day moving average is $294.86 and its 200-day moving average is $259.55. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 158.95, a P/E/G ratio of 2.40 and a beta of 1.55.

Enpro (NYSE:NPO) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. The business had revenue of $303.00 million during the quarter, compared to analyst estimates of $303.90 million. Enpro had a net margin of 3.70% and a return on equity of 11.33%. Enpro’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.90 EPS. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. On average, analysts anticipate that Enpro Inc. will post 9.14 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be paid a $0.32 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. Enpro’s dividend payout ratio is presently 63.05%.

Hedge Funds Weigh In On Enpro

A number of hedge funds and other institutional investors have recently made changes to their positions in NPO. Alliancebernstein L.P. boosted its holdings in shares of Enpro by 1,651.9% in the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock worth $78,497,000 after buying an additional 386,406 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Enpro by 34.1% in the 2nd quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock worth $204,152,000 after buying an additional 270,909 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Enpro by 26.5% in the 3rd quarter. Invesco Ltd. now owns 825,339 shares of the industrial products company’s stock worth $186,527,000 after buying an additional 172,991 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Enpro by 36,070.1% in the 4th quarter. Bessemer Group Inc. now owns 105,255 shares of the industrial products company’s stock worth $22,540,000 after buying an additional 104,964 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Enpro by 32.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 350,948 shares of the industrial products company’s stock worth $75,149,000 after buying an additional 85,667 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

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.