MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income Acquires 12,980 Shares of EnPro Industries, Inc. (NYSE:NPO)

Posted by Danessa Lincoln on Aug 6th, 2022

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income boosted its position in EnPro Industries, Inc. (NYSE:NPO – Get Rating) by 13.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,615 shares of the industrial products company’s stock after acquiring an additional 12,980 shares during the quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income owned 0.52% of EnPro Industries worth $10,615,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank N A MO acquired a new stake in EnPro Industries in the first quarter valued at approximately $27,000. Lazard Asset Management LLC acquired a new stake in EnPro Industries in the fourth quarter valued at approximately $54,000. Alpha Paradigm Partners LLC acquired a new stake in EnPro Industries in the fourth quarter valued at approximately $69,000. KBC Group NV boosted its position in EnPro Industries by 30.0% in the first quarter. KBC Group NV now owns 892 shares of the industrial products company’s stock valued at $87,000 after buying an additional 206 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in EnPro Industries by 8.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,250 shares of the industrial products company’s stock valued at $138,000 after buying an additional 97 shares in the last quarter. 94.26% of the stock is owned by institutional investors.

EnPro Industries Trading Up 1.4 %

NPO stock traded up $1.34 during midday trading on Friday, hitting $98.64. The stock had a trading volume of 58,938 shares, compared to its average volume of 78,729. The firm has a market cap of $2.05 billion, a P/E ratio of 11.46 and a beta of 1.39. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 0.69. EnPro Industries, Inc. has a 1-year low of $76.14 and a 1-year high of $117.63. The business has a fifty day moving average price of $87.72 and a two-hundred day moving average price of $96.30.

EnPro Industries (NYSE:NPO – Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.50. The firm had revenue of $333.30 million during the quarter, compared to the consensus estimate of $325.57 million. EnPro Industries had a net margin of 14.62% and a return on equity of 11.42%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.56 earnings per share. On average, sell-side analysts predict that EnPro Industries, Inc. will post 7.24 earnings per share for the current fiscal year.

EnPro Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 31st will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, August 30th. EnPro Industries’s payout ratio is 13.01%.

Analyst Ratings Changes

A number of brokerages have recently commented on NPO. KeyCorp lifted their price target on shares of EnPro Industries from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday. StockNews.com upgraded shares of EnPro Industries from a “hold” rating to a “buy” rating in a report on Monday, May 16th.

About EnPro Industries

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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.