EnPro Industries (NYSE:NPO) Lowered to Sell at Zacks Investment Research

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Zacks Investment Research downgraded shares of EnPro Industries (NYSE:NPO) from a hold rating to a sell rating in a research note released on Saturday, Zacks.com reports.

According to Zacks, “EnPro Industries, Inc. is a diversified manufacturer of proprietary engineered products used in critical applications. EnPro Industries are a leader in sealing technologies, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other solutions that meet the needs of industries worldwide. EnPro Industries commitment to innovation, quality and value has propelled our brands to wide recognition and leading positions in their markets. EnPro businesses manufacture high quality products and provide high quality services to the customers. These products and services are sold into more than 40 distinct industries with thousands of applications, ranging from jet engines to chemical plants, oil wells to semiconductor clean rooms and Navy ships to tractor-trailer trucks. EnPro operates manufacturing facilities in North and South America, Europe and Asia. “

Several other equities analysts also recently weighed in on NPO. TheStreet downgraded EnPro Industries from a b rating to a c+ rating in a research report on Tuesday, November 5th. ValuEngine raised EnPro Industries from a sell rating to a hold rating in a research report on Friday.

EnPro Industries stock traded down $0.01 during mid-day trading on Friday, hitting $67.23. 164,006 shares of the company were exchanged, compared to its average volume of 117,940. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.27 and a quick ratio of 1.65. The business’s 50 day simple moving average is $68.09 and its two-hundred day simple moving average is $65.12. The company has a market capitalization of $1.39 billion, a P/E ratio of 17.19, a PEG ratio of 1.21 and a beta of 1.83. EnPro Industries has a 12-month low of $55.43 and a 12-month high of $75.73.

EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.18). The company had revenue of $373.00 million for the quarter, compared to analysts’ expectations of $381.43 million. EnPro Industries had a return on equity of 9.93% and a net margin of 0.89%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 EPS. Equities research analysts predict that EnPro Industries will post 3.97 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, December 3rd. EnPro Industries’s dividend payout ratio (DPR) is 25.58%.

Hedge funds have recently bought and sold shares of the company. NumerixS Investment Technologies Inc acquired a new stake in shares of EnPro Industries during the second quarter worth $57,000. Bank of Montreal Can boosted its holdings in shares of EnPro Industries by 204.5% during the second quarter. Bank of Montreal Can now owns 2,549 shares of the industrial products company’s stock worth $162,000 after purchasing an additional 1,712 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of EnPro Industries by 50.0% during the second quarter. Nisa Investment Advisors LLC now owns 3,000 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 1,000 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of EnPro Industries during the third quarter worth $221,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of EnPro Industries during the second quarter worth $287,000. Institutional investors and hedge funds own 92.52% of the company’s stock.

EnPro Industries Company Profile

EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing products; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; and modular sealing systems for sealing pipeline penetrations.

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