ValuEngine Upgrades EnPro Industries (NYSE:NPO) to “Hold”

EnPro Industries (NYSE:NPO) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday, ValuEngine reports.

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A number of other research analysts have also recently commented on the company. TheStreet cut EnPro Industries from a “b” rating to a “c+” rating in a research report on Tuesday, November 5th. Zacks Investment Research lowered EnPro Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th.

Shares of NYSE NPO traded down $0.01 during trading on Friday, reaching $67.23. 164,006 shares of the stock traded hands, compared to its average volume of 117,940. EnPro Industries has a 52-week low of $55.43 and a 52-week high of $75.73. 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 company has a 50-day moving average of $68.09 and a 200-day moving average of $65.12. The stock has a market capitalization of $1.39 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.21 and a beta of 1.83.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. NumerixS Investment Technologies Inc purchased a new stake in EnPro Industries during the 2nd quarter valued at about $57,000. Bank of Montreal Can boosted its holdings in EnPro Industries by 204.5% during the 2nd quarter. Bank of Montreal Can now owns 2,549 shares of the industrial products company’s stock valued at $162,000 after acquiring an additional 1,712 shares during the period. Nisa Investment Advisors LLC boosted its holdings in EnPro Industries by 50.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,000 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 1,000 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in EnPro Industries during the 3rd quarter valued at about $221,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in EnPro Industries during the 2nd quarter valued at about $287,000. Institutional investors and hedge funds own 92.52% of the company’s stock.

About EnPro Industries

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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