BW Gestao de Investimentos Ltda. continued to hold its stake in shares of EnPro Industries (NYSE:NPO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,570 shares of the industrial products company’s stock at the close of the 2nd quarter. BW Gestao de Investimentos Ltda.’s holdings in EnPro Industries were worth $612,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in shares of EnPro Industries by 5.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 71 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of EnPro Industries in the first quarter valued at $125,000. Riverhead Capital Management LLC raised its stake in shares of EnPro Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 665 shares during the period. Amalgamated Bank purchased a new stake in shares of EnPro Industries in the first quarter valued at $203,000. Finally, BB&T Securities LLC purchased a new stake in shares of EnPro Industries in the second quarter valued at $222,000. 94.47% of the stock is currently owned by institutional investors and hedge funds.
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NPO has been the topic of several recent analyst reports. BidaskClub raised shares of EnPro Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. FBR & Co reissued a “buy” rating and issued a $85.00 target price on shares of EnPro Industries in a research note on Tuesday, September 12th. TheStreet raised shares of EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $80.00 target price on the stock in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $83.33.
Shares of EnPro Industries (NPO) traded up 0.13% during midday trading on Thursday, hitting $81.93. 14,679 shares of the stock traded hands. EnPro Industries has a 12-month low of $52.00 and a 12-month high of $82.72. The company’s 50 day moving average price is $75.17 and its 200-day moving average price is $71.57. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 95.94 and a beta of 1.15.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.35). The company had revenue of $347.00 million during the quarter, compared to analysts’ expectations of $347.13 million. EnPro Industries had a net margin of 1.56% and a return on equity of 8.71%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 earnings per share. On average, equities research analysts expect that EnPro Industries will post $2.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th were issued a $0.22 dividend. The ex-dividend date was Friday, September 1st. This represents a $0.88 annualized dividend and a yield of 1.08%. EnPro Industries’s dividend payout ratio (DPR) is currently 103.53%.
In related news, insider Todd L. Anderson sold 2,148 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total value of $156,095.16. Following the sale, the insider now directly owns 9,000 shares in the company, valued at approximately $654,030. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stephen E. Macadam sold 26,318 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the completion of the sale, the insider now owns 245,765 shares in the company, valued at $18,206,271.20. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
About EnPro Industries
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.
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