Enpro (NYSE:NPO) Reaches New 1-Year High – Still a Buy?

Enpro Inc. (NYSE:NPO)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $191.07 and last traded at $189.48, with a volume of 6981 shares trading hands. The stock had previously closed at $188.02.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Enpro Stock Up 0.8 %

The company has a market cap of $3.98 billion, a price-to-earnings ratio of 73.16 and a beta of 1.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. The stock’s fifty day moving average is $161.49 and its two-hundred day moving average is $155.58.

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 company had revenue of $260.90 million during the quarter, compared to analysts’ expectations of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. Sell-side analysts predict that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Wednesday, December 4th. Enpro’s dividend payout ratio is 46.69%.

Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the transaction, the chief accounting officer now directly owns 130 shares in the company, valued at approximately $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Enpro

Several institutional investors and hedge funds have recently added to or reduced their stakes in NPO. Opal Wealth Advisors LLC bought a new position in shares of Enpro in the second quarter valued at approximately $29,000. GAMMA Investing LLC grew its stake in 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 purchasing an additional 200 shares during the period. Innealta Capital LLC purchased a new stake in shares of Enpro during the 2nd quarter valued at $48,000. Blue Trust Inc. increased its position in shares of Enpro by 357.4% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 411 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Enpro during the 3rd quarter worth $99,000. Hedge funds and other 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.