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

Enpro (NYSE:NPO) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Enpro Stock Performance

Shares of NPO traded up $17.10 during trading hours on Wednesday, hitting $165.85. The company’s stock had a trading volume of 257,168 shares, compared to its average volume of 83,617. The company 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. The business has a 50 day simple moving average of $154.71 and a two-hundred day simple moving average of $152.97. Enpro has a 52-week low of $116.43 and a 52-week high of $176.13.

Enpro (NYSE:NPO) last issued its quarterly earnings data 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 for 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%. Enpro’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 EPS. On average, equities analysts expect that Enpro will post 7.4 earnings per share for the current fiscal year.

Insider Activity at Enpro

In other Enpro news, CAO Steven R. Bower sold 1,548 shares of Enpro stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 604 shares in the company, valued at $90,636.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enpro

Hedge funds have recently bought and sold shares of the stock. Opal Wealth Advisors LLC bought a new stake in Enpro during the second quarter valued at approximately $29,000. Innealta Capital LLC bought a new stake in shares of Enpro in the 2nd quarter worth approximately $48,000. GAMMA Investing LLC lifted its holdings in shares of Enpro by 168.1% in the 3rd quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 200 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Enpro by 357.4% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 411 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Enpro by 24.3% in the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 130 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors.

Enpro Company Profile

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.