OxFORD Asset Management LLP lessened its position in shares of EnPro Industries (NYSE:NPO) by 39.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,808 shares of the industrial products company’s stock after selling 9,132 shares during the period. OxFORD Asset Management LLP owned about 0.06% of EnPro Industries worth $985,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in EnPro Industries by 5.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock worth $106,000 after buying an additional 71 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in EnPro Industries during the 1st quarter worth approximately $125,000. Riverhead Capital Management LLC lifted its holdings in EnPro Industries by 55.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock worth $133,000 after buying an additional 665 shares during the last quarter. Amalgamated Bank bought a new position in EnPro Industries during the 1st quarter worth approximately $203,000. Finally, BB&T Securities LLC bought a new position in EnPro Industries during the 2nd quarter worth approximately $222,000. 94.47% of the stock is currently owned by institutional investors.
In other EnPro Industries news, insider Stephen E. Macadam sold 26,318 shares of EnPro Industries stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the sale, the insider now directly owns 245,765 shares of the company’s stock, valued at $18,206,271.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Todd L. Anderson sold 2,148 shares of EnPro Industries stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total value of $156,095.16. Following the sale, the insider now directly owns 9,000 shares in the company, valued at $654,030. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
Shares of EnPro Industries (NYSE NPO) opened at 80.77 on Friday. EnPro Industries has a one year low of $52.00 and a one year high of $82.72. The company has a 50 day moving average price of $75.85 and a 200 day moving average price of $71.76. The company has a market cap of $1.72 billion, a P/E ratio of 94.58 and a beta of 1.15.
EnPro Industries (NYSE:NPO) last released its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.35). The company had revenue of $347.00 million for the quarter, compared to analyst estimates of $347.13 million. EnPro Industries had a net margin of 1.56% and a return on equity of 8.71%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share. Equities research analysts expect that EnPro Industries will post $2.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Friday, September 1st. EnPro Industries’s payout ratio is 103.53%.
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A number of research firms have commented on NPO. Zacks Investment Research downgraded EnPro Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. FBR & Co reaffirmed a “buy” rating and set a $85.00 target price on shares of EnPro Industries in a report on Tuesday, September 12th. BidaskClub downgraded EnPro Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Finally, TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. EnPro Industries currently has a consensus rating of “Hold” and an average price target of $83.33.
EnPro Industries Profile
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.
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