EnPro Industries (NYSE:NPO) Rating Increased to Hold at Zacks Investment Research

EnPro Industries (NYSE:NPO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, 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 a number of other research reports. ValuEngine upgraded Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. TheStreet raised Exantas Capital from a “d+” rating to a “c” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. EnPro Industries has a consensus rating of “Buy” and an average target price of $84.20.

NYSE NPO traded down $1.40 during mid-day trading on Tuesday, reaching $60.90. 122,525 shares of the company’s stock traded hands, compared to its average volume of 117,391. EnPro Industries has a 1-year low of $55.43 and a 1-year high of $78.31. The firm’s fifty day simple moving average is $61.76. The company has a current ratio of 2.65, a quick ratio of 1.76 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $1.33 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.09 and a beta of 1.80.

EnPro Industries (NYSE:NPO) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.26). EnPro Industries had a net margin of 1.65% and a return on equity of 9.13%. The business had revenue of $360.30 million for the quarter, compared to analyst estimates of $373.60 million. During the same quarter last year, the business earned $0.85 EPS. EnPro Industries’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities analysts expect that EnPro Industries will post 4.19 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. lifted its holdings in EnPro Industries by 261.3% during the 1st quarter. Meeder Asset Management Inc. now owns 990 shares of the industrial products company’s stock worth $64,000 after buying an additional 716 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of EnPro Industries in the 4th quarter worth approximately $75,000. PNC Financial Services Group Inc. lifted its holdings in shares of EnPro Industries by 28.4% in the 4th 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 last quarter. Burney Co. bought a new stake in shares of EnPro Industries in the 1st quarter worth approximately $212,000. Finally, Sigma Planning Corp bought a new stake in shares of EnPro Industries in the 1st quarter worth approximately $246,000. 94.44% of the stock is currently owned by 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.

Further Reading: Book Value Per Share – BVPS

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