Enpro (NYSE:NPO) Upgraded by Zacks Research to “Strong-Buy” Rating

Enpro (NYSE:NPO) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. started coverage on Enpro in a research note on Monday, July 20th. They issued an “overweight” rating and a $420.00 target price on the stock. KeyCorp increased their price objective on Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, Weiss Ratings raised Enpro from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $358.33.

Enpro Price Performance

Shares of NYSE:NPO opened at $335.36 on Wednesday. The company’s fifty day moving average price is $337.36 and its 200-day moving average price is $294.06. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 163.59, a PEG ratio of 2.30 and a beta of 1.54. Enpro has a one year low of $202.00 and a one year high of $390.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.28 and a quick ratio of 1.40.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.18. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The firm had revenue of $338.80 million for the quarter, compared to analysts’ expectations of $323.68 million. During the same quarter last year, the company posted $1.25 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. On average, equities research analysts anticipate that Enpro will post 9.53 earnings per share for the current fiscal year.

Institutional Trading of Enpro

Hedge funds have recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC bought a new position in shares of Enpro during the first quarter valued at about $25,000. Salomon & Ludwin LLC lifted its stake in shares of Enpro by 55.4% in the 4th quarter. Salomon & Ludwin LLC now owns 129 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 46 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Enpro in the 4th quarter valued at about $33,000. EverSource Wealth Advisors LLC lifted its stake in shares of Enpro by 36.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 51 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Enpro during the 3rd quarter valued at about $62,000. 98.31% of the stock is owned by institutional investors.

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.