EnPro Industries (NYSE:NPO) Downgraded by ValuEngine

ValuEngine cut shares of EnPro Industries (NYSE:NPO) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning, ValuEngine reports.

Separately, Zacks Investment Research upgraded EnPro Industries from a sell rating to a hold rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $78.00.

NYSE NPO opened at $67.65 on Tuesday. The company has a market cap of $1.40 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.09 and a beta of 1.84. The stock’s 50 day simple moving average is $66.44 and its 200-day simple moving average is $65.13. EnPro Industries has a 1-year low of $55.43 and a 1-year high of $75.73. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.52 and a quick ratio of 1.65.

EnPro Industries (NYSE:NPO) last released its earnings results on Monday, July 29th. The industrial products company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.32. The business had revenue of $387.00 million for the quarter, compared to the consensus estimate of $389.77 million. EnPro Industries had a return on equity of 10.45% and a net margin of 2.58%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. On average, equities research analysts anticipate that EnPro Industries will post 4.35 EPS for the current fiscal year.

In other news, Director Stephen E. Macadam sold 11,261 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $67.26, for a total value of $757,414.86. Following the transaction, the director now owns 227,388 shares in the company, valued at $15,294,116.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Steven R. Bower bought 1,700 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average price of $63.92 per share, for a total transaction of $108,664.00. Following the transaction, the senior vice president now owns 3,190 shares of the company’s stock, valued at $203,904.80. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company’s stock.

Large investors have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc acquired a new stake in shares of EnPro Industries in the second quarter valued at approximately $57,000. Bank of Montreal Can increased its holdings in shares of EnPro Industries by 204.5% in the second quarter. Bank of Montreal Can now owns 2,549 shares of the industrial products company’s stock valued at $162,000 after purchasing an additional 1,712 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of EnPro Industries by 50.0% in the second quarter. Nisa Investment Advisors LLC now owns 3,000 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 1,000 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of EnPro Industries in the third quarter valued at approximately $221,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of EnPro Industries in the second quarter valued at approximately $287,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

About EnPro Industries

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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