EnPro Industries, Inc. (NYSE:NPO – Get Rating) – Analysts at Oppenheimer reduced their Q4 2022 earnings estimates for shares of EnPro Industries in a research note issued to investors on Tuesday, August 2nd. Oppenheimer analyst I. Zaffino now forecasts that the industrial products company will post earnings per share of $1.14 for the quarter, down from their previous estimate of $1.31. The consensus estimate for EnPro Industries’ current full-year earnings is $6.87 per share.
EnPro Industries (NYSE:NPO – Get Rating) last released its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $2.32 EPS for the quarter, topping the consensus estimate of $1.82 by $0.50. The company had revenue of $333.30 million during the quarter, compared to the consensus estimate of $325.57 million. EnPro Industries had a net margin of 14.62% and a return on equity of 11.42%. EnPro Industries’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $1.56 EPS.
EnPro Industries Stock Down 0.2 %
NPO opened at $97.30 on Thursday. The company has a 50 day moving average of $87.71 and a 200 day moving average of $96.41. The company has a market cap of $2.02 billion, a PE ratio of 11.30 and a beta of 1.39. EnPro Industries has a 12 month low of $76.14 and a 12 month high of $117.63. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 0.69.
Institutional Trading of EnPro Industries
A number of hedge funds have recently made changes to their positions in the stock. Advisor Group Holdings Inc. lifted its holdings in shares of EnPro Industries by 8.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,250 shares of the industrial products company’s stock worth $138,000 after acquiring an additional 97 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of EnPro Industries by 1.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,214 shares of the industrial products company’s stock worth $904,000 after acquiring an additional 107 shares during the last quarter. Great West Life Assurance Co. Can raised its position in EnPro Industries by 0.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 17,805 shares of the industrial products company’s stock worth $1,785,000 after purchasing an additional 112 shares during the period. Comerica Bank raised its position in EnPro Industries by 0.8% in the 2nd quarter. Comerica Bank now owns 17,908 shares of the industrial products company’s stock worth $1,540,000 after purchasing an additional 140 shares during the period. Finally, Rhumbline Advisers raised its position in EnPro Industries by 0.3% in the 4th quarter. Rhumbline Advisers now owns 60,063 shares of the industrial products company’s stock worth $6,611,000 after purchasing an additional 178 shares during the period. 94.26% of the stock is owned by institutional investors.
EnPro Industries Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 31st will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, August 30th. EnPro Industries’s payout ratio is 13.01%.
About EnPro Industries
EnPro Industries, Inc engages in the design, development, manufacture, marketing, and service of engineered industrial products in the United States, Europe, and internationally. It operates through three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; compression packing products; hydraulic components; expansion joints; wall penetration products; and dynamic, flange, resilient metal, elastomeric, and custom-engineered mechanical seals for chemical and petrochemical processing, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries.
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