EnPro Industries (NPO) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of EnPro Industries (NYSE:NPO) from a hold rating to a buy rating in a report issued on Tuesday. Zacks Investment Research currently has $80.00 price target on the industrial products company’s stock.

According to Zacks, “EnPro Industries, Inc. is a diversified manufacturer of proprietary engineered products used in critical applications. EnPro Industries are a leader in sealing technologies, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other solutions that meet the needs of industries worldwide. EnPro Industries commitment to innovation, quality and value has propelled our brands to wide recognition and leading positions in their markets. EnPro businesses manufacture high quality products and provide high quality services to the customers. These products and services are sold into more than 40 distinct industries with thousands of applications, ranging from jet engines to chemical plants, oil wells to semiconductor clean rooms and Navy ships to tractor-trailer trucks. EnPro operates manufacturing facilities in North and South America, Europe and Asia. “

A number of other research firms also recently weighed in on NPO. Oppenheimer set a $90.00 price target on shares of EnPro Industries and gave the company a buy rating in a research note on Thursday, November 1st. ValuEngine downgraded shares of EnPro Industries from a hold rating to a sell rating in a research note on Thursday, September 27th. SunTrust Banks started coverage on shares of EnPro Industries in a research note on Wednesday, July 11th. They issued a buy rating and a $92.00 price target on the stock. B. Riley reduced their price target on shares of EnPro Industries from $100.00 to $90.00 and set a buy rating on the stock in a research note on Monday, August 6th. Finally, KeyCorp reduced their price target on shares of EnPro Industries from $90.00 to $74.00 and set an overweight rating on the stock in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $84.40.

Shares of NPO traded down $2.85 during mid-day trading on Tuesday, reaching $71.20. The company had a trading volume of 123,171 shares, compared to its average volume of 152,406. EnPro Industries has a 1-year low of $57.31 and a 1-year high of $94.79. The company has a current ratio of 2.74, a quick ratio of 1.85 and a debt-to-equity ratio of 0.54. The company has a market cap of $1.54 billion, a P/E ratio of 30.96, a PEG ratio of 1.33 and a beta of 1.21.

EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Wednesday, October 31st. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.26. EnPro Industries had a net margin of 4.63% and a return on equity of 8.68%. The company had revenue of $388.20 million for the quarter, compared to the consensus estimate of $377.13 million. During the same period last year, the company posted $0.73 EPS. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities analysts forecast that EnPro Industries will post 3.74 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, December 5th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.35%. EnPro Industries’s dividend payout ratio (DPR) is presently 41.74%.

In related news, SVP Jon D. Rickers sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $75.63, for a total value of $37,815.00. Following the completion of the transaction, the senior vice president now owns 6,215 shares in the company, valued at approximately $470,040.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its holdings in EnPro Industries by 61.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the industrial products company’s stock valued at $147,000 after buying an additional 800 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in EnPro Industries in the 2nd quarter valued at approximately $159,000. Trilogy Capital Inc. bought a new position in EnPro Industries in the 2nd quarter valued at approximately $189,000. Cubist Systematic Strategies LLC bought a new position in EnPro Industries in the 2nd quarter valued at approximately $251,000. Finally, Ramsey Quantitative Systems bought a new position in EnPro Industries in the 2nd quarter valued at approximately $278,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

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 packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.

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