Enpro (NYSE:NPO) Shares Gap Down to $145.57

Enpro Inc. (NYSE:NPO)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $145.57, but opened at $141.73. Enpro shares last traded at $141.73, with a volume of 1,099 shares trading hands.

Enpro Stock Up 1.1 %

The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of -1,012.28 and a beta of 1.43. The company has a quick ratio of 1.77, a current ratio of 2.59 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average price of $148.57 and a 200 day moving average price of $153.43.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, May 7th. The industrial products company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. The firm had revenue of $257.50 million for the quarter, compared to analyst estimates of $269.00 million. Enpro had a negative net margin of 0.26% and a positive return on equity of 9.17%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.95 EPS. As a group, analysts forecast that Enpro Inc. will post 7.45 EPS for the current year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.84%. The ex-dividend date was Wednesday, June 5th. Enpro’s dividend payout ratio is currently -857.08%.

Institutional Investors Weigh In On Enpro

Institutional investors have recently made changes to their positions in the stock. Simplex Trading LLC lifted its stake in shares of Enpro by 5,227.3% in the fourth quarter. Simplex Trading LLC now owns 1,172 shares of the industrial products company’s stock worth $183,000 after acquiring an additional 1,150 shares during the period. Quadrant Capital Group LLC raised its holdings in Enpro by 12.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,206 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 134 shares during the last quarter. Fulton Bank N.A. acquired a new position in shares of Enpro in the 1st quarter worth approximately $211,000. Mackenzie Financial Corp bought a new stake in shares of Enpro in the 4th quarter valued at $203,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Enpro during the fourth quarter worth $221,000. Institutional investors own 98.31% of the company’s stock.

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.