EnPro Industries (NYSE:NPO) – Equities research analysts at Gabelli raised their FY2018 earnings per share estimates for EnPro Industries in a report released on Tuesday. Gabelli analyst J. Bergner now anticipates that the industrial products company will earn $3.70 per share for the year, up from their prior estimate of $3.65. Gabelli also issued estimates for EnPro Industries’ FY2019 earnings at $4.10 EPS.
EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). The business had revenue of $343.70 million for the quarter, compared to the consensus estimate of $324.00 million. EnPro Industries had a net margin of 40.74% and a return on equity of 7.92%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS.
EnPro Industries (NPO) traded down $0.04 during mid-day trading on Wednesday, hitting $87.21. The company’s stock had a trading volume of 136,600 shares, compared to its average volume of 113,364. EnPro Industries has a 1 year low of $61.36 and a 1 year high of $89.58. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.27 and a quick ratio of 1.59. The stock has a market cap of $1,860.67, a P/E ratio of 49.02, a price-to-earnings-growth ratio of 2.29 and a beta of 1.18.
A number of institutional investors have recently made changes to their positions in NPO. Public Employees Retirement System of Ohio raised its holdings in EnPro Industries by 5.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 71 shares during the period. Aperio Group LLC increased its stake in EnPro Industries by 2.3% in the 2nd quarter. Aperio Group LLC now owns 8,239 shares of the industrial products company’s stock worth $588,000 after buying an additional 189 shares in the last quarter. Russell Investments Group Ltd. increased its stake in EnPro Industries by 45.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 22,697 shares of the industrial products company’s stock worth $1,620,000 after buying an additional 7,095 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in EnPro Industries by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,060 shares of the industrial products company’s stock worth $361,000 after buying an additional 170 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in EnPro Industries by 2.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 30,456 shares of the industrial products company’s stock worth $2,172,000 after buying an additional 720 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors.
In related news, insider Stephen E. Macadam sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $84.06, for a total value of $2,101,500.00. Following the transaction, the insider now directly owns 194,447 shares of the company’s stock, valued at approximately $16,345,214.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
EnPro Industries announced that its Board of Directors has initiated a share buyback program on Monday, October 30th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.88 annualized dividend and a yield of 1.01%. EnPro Industries’s dividend payout ratio (DPR) is presently 3.82%.
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EnPro Industries Company Profile
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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