EnPro Industries (NPO) Downgraded by Zacks Investment Research to Sell

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Zacks Investment Research cut shares of EnPro Industries (NYSE:NPO) from a hold rating to a sell rating in a research note issued to investors on Thursday, Zacks.com reports.

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. “

NPO has been the subject of several other reports. TheStreet upgraded shares of EnPro Industries from a c+ rating to a b rating in a research report on Thursday, May 2nd. Oppenheimer cut their target price on shares of EnPro Industries from $90.00 to $85.00 in a research report on Thursday, February 14th. Finally, ValuEngine upgraded shares of EnPro Industries from a sell rating to a hold rating in a research report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $84.20.

NYSE:NPO traded down $0.70 during midday trading on Thursday, hitting $62.37. The company had a trading volume of 1,345 shares, compared to its average volume of 148,480. EnPro Industries has a 52-week low of $55.48 and a 52-week high of $78.31. The firm has a market capitalization of $1.31 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.76 and a current ratio of 2.65.

EnPro Industries (NYSE:NPO) last announced its earnings results on Wednesday, May 1st. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.26). EnPro Industries had a return on equity of 9.13% and a net margin of 1.65%. The company had revenue of $360.30 million during the quarter, compared to analysts’ expectations of $373.60 million. During the same quarter last year, the firm posted $0.85 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts forecast that EnPro Industries will post 4.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 4th. This represents a $1.00 annualized dividend and a yield of 1.60%. EnPro Industries’s payout ratio is 25.58%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. purchased a new stake in shares of EnPro Industries during the fourth quarter worth about $56,000. Meeder Asset Management Inc. boosted its holdings in shares of EnPro Industries by 261.3% during the first quarter. Meeder Asset Management Inc. now owns 990 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 716 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of EnPro Industries during the fourth quarter worth about $75,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of EnPro Industries by 25.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,440 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 296 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of EnPro Industries by 28.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,856 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 411 shares during the period. Institutional investors and hedge funds own 96.78% 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 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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