Posted by admin on May 4th, 2022
EnPro Industries, Inc. (NYSE:NPO – Get Rating) – KeyCorp reduced their Q2 2022 earnings per share estimates for shares of EnPro Industries in a note issued to investors on Monday, May 2nd. KeyCorp analyst J. Hammond now anticipates that the industrial products company will earn $1.86 per share for the quarter, down from their prior estimate of $1.88. KeyCorp also issued estimates for EnPro Industries’ Q3 2022 earnings at $1.79 EPS and Q4 2022 earnings at $1.72 EPS.
Other analysts have also recently issued reports about the stock. StockNews.com upgraded shares of EnPro Industries from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research upgraded shares of EnPro Industries from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 20th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $121.67.
NYSE NPO opened at $91.48 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.88 and a debt-to-equity ratio of 0.76. The stock has a market cap of $1.92 billion, a P/E ratio of 10.85 and a beta of 1.37. The firm’s 50-day simple moving average is $100.11. EnPro Industries has a one year low of $79.80 and a one year high of $117.63.
EnPro Industries (NYSE:NPO – Get Rating) last announced its earnings results on Monday, May 2nd. The industrial products company reported $1.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.23. The business had revenue of $328.70 million for the quarter, compared to the consensus estimate of $298.23 million. EnPro Industries had a net margin of 15.52% and a return on equity of 10.01%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share.
Institutional investors have recently modified their holdings of the company. UMB Bank N A MO acquired a new position in shares of EnPro Industries in the 1st quarter valued at $27,000. Lazard Asset Management LLC acquired a new position in shares of EnPro Industries in the 4th quarter valued at $54,000. Alpha Paradigm Partners LLC acquired a new position in shares of EnPro Industries in the 4th quarter valued at $69,000. KBC Group NV acquired a new position in shares of EnPro Industries in the 3rd quarter valued at $60,000. Finally, Advisor Group Holdings Inc. raised its position in EnPro Industries by 8.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 1,250 shares of the industrial products company’s stock valued at $138,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 94.26% of the company’s stock.
In other EnPro Industries news, CAO Steven R. Bower sold 1,308 shares of the business’s stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $106.29, for a total transaction of $139,027.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John M. Childress II sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $107.61, for a total transaction of $1,076,100.00. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, May 31st. EnPro Industries’s dividend payout ratio (DPR) is presently 13.29%.
About EnPro Industries (Get Rating)
EnPro Industries, Inc engages in the design, development, manufacture, marketing, and service of engineered industrial products in the United States, Europe, and internationally. It operates through three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; compression packing products; hydraulic components; expansion joints; wall penetration products; and dynamic, flange, resilient metal, elastomeric, and custom-engineered mechanical seals for chemical and petrochemical processing, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries.
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