StockNews.com Downgrades Enpro (NYSE:NPO) to Hold

Enpro (NYSE:NPO) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Enpro Stock Up 11.5 %

Shares of NPO stock traded up $17.10 on Wednesday, hitting $165.85. The stock had a trading volume of 257,168 shares, compared to its average volume of 83,617. The business has a 50 day moving average of $154.71 and a 200 day moving average of $152.97. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 82.10 and a beta of 1.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.72 and a quick ratio of 1.90. Enpro has a 12-month low of $116.43 and a 12-month high of $176.13.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.13). The firm had revenue of $260.90 million during the quarter, compared to analysts’ expectations of $264.47 million. Enpro had a net margin of 4.14% and a return on equity of 9.54%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 EPS. As a group, analysts expect that Enpro will post 7.4 EPS for the current year.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 1,548 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $150.06, for a total transaction of $232,292.88. Following the completion of the transaction, the chief accounting officer now owns 604 shares in the company, valued at approximately $90,636.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Enpro

Several institutional investors have recently added to or reduced their stakes in the stock. Natixis Advisors LLC grew its position in Enpro by 4.9% during the third quarter. Natixis Advisors LLC now owns 13,330 shares of the industrial products company’s stock valued at $2,162,000 after buying an additional 623 shares during the period. Zions Bancorporation N.A. boosted its position in Enpro by 19.4% during the third quarter. Zions Bancorporation N.A. now owns 11,500 shares of the industrial products company’s stock worth $1,865,000 after purchasing an additional 1,865 shares during the period. KBC Group NV increased its stake in shares of Enpro by 24.3% in the third quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 130 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Enpro by 24.3% in the third quarter. Crossmark Global Holdings Inc. now owns 1,726 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 337 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC purchased a new position in shares of Enpro in the third quarter worth about $421,000. Institutional investors own 98.31% of the company’s stock.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, 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; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.