Enpro (NYSE:NPO) Reaches New 52-Week High – What’s Next?

Shares of Enpro Inc. (NYSE:NPO) reached a new 52-week high during trading on Monday . The company traded as high as $383.55 and last traded at $384.1150, with a volume of 504272 shares. The stock had previously closed at $379.65.

Analyst Upgrades and Downgrades

NPO has been the topic of several analyst reports. KeyCorp upped their price target on shares of Enpro from $310.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $315.00.

Enpro Stock Up 0.5%

The company’s 50 day moving average price is $309.19 and its two-hundred day moving average price is $266.30. The company has a quick ratio of 1.40, a current ratio of 2.20 and a debt-to-equity ratio of 0.39. The stock has a market cap of $8.06 billion, a P/E ratio of 188.02, a P/E/G ratio of 2.77 and a beta of 1.55.

Enpro (NYSE:NPO) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. Enpro had a return on equity of 11.33% and a net margin of 3.70%.The firm had revenue of $303.00 million during the quarter, compared to analyst estimates of $303.90 million. During the same quarter in the previous year, the business earned $1.90 earnings per share. Enpro’s quarterly revenue was up 10.9% on a year-over-year basis. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. As a group, research analysts expect that Enpro Inc. will post 9.14 earnings per share for the current year.

Enpro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 3rd. Enpro’s dividend payout ratio is currently 63.05%.

Hedge Funds Weigh In On Enpro

A number of hedge funds and other institutional investors have recently made changes to their positions in NPO. Empowered Funds LLC lifted its stake in Enpro by 4.3% in the first quarter. Empowered Funds LLC now owns 4,350 shares of the industrial products company’s stock worth $1,090,000 after acquiring an additional 180 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Enpro in the 1st quarter valued at about $227,000. Glenmede Trust Co. NA purchased a new stake in shares of Enpro in the 1st quarter worth approximately $227,000. Argent Capital Management LLC lifted its position in shares of Enpro by 54.8% in the 1st quarter. Argent Capital Management LLC now owns 9,685 shares of the industrial products company’s stock worth $2,428,000 after purchasing an additional 3,429 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Enpro by 12.8% during the first quarter. Bank of America Corp DE now owns 41,765 shares of the industrial products company’s stock valued at $10,468,000 after purchasing an additional 4,731 shares in the last quarter. Institutional investors own 98.31% of the company’s stock.

About Enpro

Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.