Enpro (NYSE:NPO) Upgraded to Buy at StockNews.com

Enpro (NYSE:NPO) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Enpro Price Performance

NPO stock traded down $5.32 during trading on Tuesday, hitting $188.97. 115,552 shares of the stock traded hands, compared to its average volume of 100,151. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 73.53 and a beta of 1.48. Enpro has a one year low of $134.40 and a one year high of $197.94. The company has a 50 day simple moving average of $166.72 and a 200 day simple moving average of $158.10.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). Enpro had a net margin of 5.20% and a return on equity of 9.71%. The firm had revenue of $260.90 million during the quarter, compared to the consensus estimate of $264.47 million. During the same quarter last year, the firm posted $1.58 EPS. The business’s revenue was up 4.1% on a year-over-year basis. Equities analysts expect that Enpro will post 6.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Steven R. Bower sold 300 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $162.50, for a total value of $48,750.00. Following the transaction, the chief accounting officer now owns 130 shares of the company’s stock, valued at approximately $21,125. This trade represents a 69.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Enpro

Large investors have recently bought and sold shares of the business. Innealta Capital LLC bought a new position in shares of Enpro in the 2nd quarter worth $48,000. GAMMA Investing LLC raised its position 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 valued at $52,000 after acquiring an additional 200 shares during the period. Blue Trust Inc. boosted its stake in Enpro by 357.4% during 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. Wilmington Savings Fund Society FSB acquired a new position in Enpro during the third quarter valued at approximately $99,000. Finally, KBC Group NV increased its stake in Enpro by 24.3% in the third quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 130 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

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.