Assenagon Asset Management S.A. bought a new position in EnPro Industries, Inc. (NYSE:NPO) during the second quarter, Holdings Channel reports. The firm bought 5,815 shares of the industrial products company’s stock, valued at approximately $287,000.
Several other institutional investors and hedge funds also recently modified their holdings of NPO. Norges Bank purchased a new stake in shares of EnPro Industries in the fourth quarter worth about $31,901,000. Gamco Investors INC. ET AL boosted its stake in shares of EnPro Industries by 14.3% in the first quarter. Gamco Investors INC. ET AL now owns 1,416,121 shares of the industrial products company’s stock worth $56,050,000 after buying an additional 177,373 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of EnPro Industries by 24.4% in the first quarter. Principal Financial Group Inc. now owns 431,524 shares of the industrial products company’s stock worth $17,080,000 after buying an additional 84,563 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of EnPro Industries by 43.6% in the first quarter. Deprince Race & Zollo Inc. now owns 244,290 shares of the industrial products company’s stock worth $9,669,000 after buying an additional 74,141 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of EnPro Industries by 32.8% in the first quarter. Morgan Stanley now owns 232,553 shares of the industrial products company’s stock worth $9,204,000 after buying an additional 57,430 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.
NPO has been the topic of a number of recent research reports. Zacks Investment Research downgraded EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Sidoti upped their target price on EnPro Industries from $56.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $65.00 price target on shares of EnPro Industries in a report on Tuesday, May 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. EnPro Industries currently has an average rating of “Hold” and an average price target of $57.00.
EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.22. The company had revenue of $282.70 million during the quarter, compared to analysts’ expectations of $307.90 million. EnPro Industries had a return on equity of 8.13% and a net margin of 18.35%. Equities analysts predict that EnPro Industries, Inc. will post 1.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a $0.26 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.04 dividend on an annualized basis and a yield of 2.18%. EnPro Industries’s payout ratio is 38.81%.
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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