Bank of America Corp DE Acquires 25,769 Shares of EnPro Industries (NYSE:NPO)

Bank of America Corp DE increased its position in shares of EnPro Industries (NYSE:NPO) by 30.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 110,929 shares of the industrial products company’s stock after buying an additional 25,769 shares during the period. Bank of America Corp DE owned 0.52% of EnPro Industries worth $7,894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of EnPro Industries by 126,215.4% in the first quarter. BlackRock Inc. now owns 2,600,835 shares of the industrial products company’s stock worth $185,076,000 after buying an additional 2,598,776 shares during the period. Loomis Sayles & Co. L P bought a new position in shares of EnPro Industries during the first quarter worth about $13,901,000. Norges Bank bought a new position in shares of EnPro Industries during the fourth quarter worth about $9,859,000. Gamco Investors INC. ET AL boosted its position in shares of EnPro Industries by 81.5% in the first quarter. Gamco Investors INC. ET AL now owns 210,200 shares of the industrial products company’s stock worth $14,958,000 after buying an additional 94,400 shares during the period. Finally, Vanguard Group Inc. boosted its stake in EnPro Industries by 4.7% in the first quarter. Vanguard Group Inc. now owns 1,902,748 shares of the industrial products company’s stock valued at $135,399,000 after buying an additional 85,493 shares during the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

EnPro Industries (NPO) traded up 0.13% during mid-day trading on Friday, hitting $69.31. The company had a trading volume of 80,636 shares. The stock has a 50 day moving average price of $72.96 and a 200-day moving average price of $69.12. The stock has a market capitalization of $1.48 billion, a PE ratio of 81.16 and a beta of 1.10. EnPro Industries has a 1-year low of $52.00 and a 1-year high of $77.65.

EnPro Industries (NYSE:NPO) last issued its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.81 by $0.35. The firm had revenue of $347 million for the quarter, compared to the consensus estimate of $347.13 million. EnPro Industries had a net margin of 1.56% and a return on equity of 8.71%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 earnings per share. On average, analysts forecast that EnPro Industries will post $2.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.88 annualized dividend and a yield of 1.27%. EnPro Industries’s payout ratio is 103.53%.

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Several analysts recently issued reports on the company. Zacks Investment Research cut EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 3rd. TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. BidaskClub raised EnPro Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, FBR & Co reissued an “outperform” rating on shares of EnPro Industries in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. EnPro Industries currently has a consensus rating of “Hold” and an average target price of $78.50.

In other EnPro Industries news, insider Todd L. Anderson sold 2,148 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total value of $156,095.16. Following the transaction, the insider now directly owns 9,000 shares in the company, valued at approximately $654,030. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen E. Macadam sold 26,318 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 245,765 shares in the company, valued at $18,206,271.20. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

EnPro Industries Company 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.

Institutional Ownership by Quarter for EnPro Industries (NYSE:NPO)

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