Phocas Financial Corp. Sells 15,668 Shares of EnPro Industries, Inc. (NYSE:NPO)

Phocas Financial Corp. lowered its position in shares of EnPro Industries, Inc. (NYSE:NPO) by 25.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,041 shares of the industrial products company’s stock after selling 15,668 shares during the period. Phocas Financial Corp. owned approximately 0.22% of EnPro Industries worth $6,148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NPO. Capital International Investors increased its position in shares of EnPro Industries by 63.6% during the first quarter. Capital International Investors now owns 1,432,727 shares of the industrial products company’s stock valued at $140,020,000 after acquiring an additional 556,751 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in EnPro Industries in the fourth quarter worth approximately $40,761,000. Norges Bank purchased a new stake in EnPro Industries in the fourth quarter worth approximately $22,342,000. Bank of America Corp DE boosted its holdings in EnPro Industries by 147.6% in the first quarter. Bank of America Corp DE now owns 65,869 shares of the industrial products company’s stock worth $6,843,000 after purchasing an additional 204,319 shares during the last quarter. Finally, Select Equity Group L.P. purchased a new stake in EnPro Industries in the fourth quarter worth approximately $16,318,000. Institutional investors own 95.94% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NPO. StockNews.com began coverage on shares of EnPro Industries in a report on Thursday, August 17th. They issued a “hold” rating on the stock. TheStreet cut shares of EnPro Industries from a “b-” rating to a “c+” rating in a report on Wednesday, August 16th. Finally, KeyCorp raised their target price on shares of EnPro Industries from $145.00 to $158.00 in a report on Wednesday, July 5th.

EnPro Industries Stock Performance

Shares of EnPro Industries stock traded up $0.48 on Tuesday, hitting $124.88. 12,699 shares of the company’s stock were exchanged, compared to its average volume of 106,044. The company has a 50-day simple moving average of $133.32 and a 200-day simple moving average of $115.97. The stock has a market capitalization of $2.61 billion, a PE ratio of 14.99 and a beta of 1.51. EnPro Industries, Inc. has a 1 year low of $83.69 and a 1 year high of $144.86. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.22 and a current ratio of 4.03.

EnPro Industries (NYSE:NPO) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.73 by $0.10. The firm had revenue of $276.90 million for the quarter, compared to the consensus estimate of $276.43 million. EnPro Industries had a net margin of 15.54% and a return on equity of 10.85%. The company’s revenue was down 16.9% on a year-over-year basis. During the same period last year, the firm earned $2.32 EPS. As a group, equities analysts anticipate that EnPro Industries, Inc. will post 6.92 EPS for the current year.

EnPro Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 30th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 0.93%. EnPro Industries’s payout ratio is 13.98%.

EnPro Industries Profile

EnPro Industries, Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. 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 seals, 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.