Wall Street Zen Downgrades Enpro (NYSE:NPO) to Hold

Key Points

• Wall Street Zen downgraded Enpro from “buy” to “hold,” although the broader analyst consensus remains “buy” with a $358.33 price target.
• Enpro reported stronger-than-expected quarterly results, posting $2.50 EPS versus a $2.32 estimate and $338.8 million in revenue, up 17.6% year over year.
• Shares opened at $299.09, below their 50-day moving average of $333.61, while institutional investors own a substantial 98.31% of the stock.

Enpro (NYSE:NPO - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Several other research analysts have also weighed in on the company. Weiss Ratings lowered Enpro from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Zacks Research raised shares of Enpro from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. KeyCorp boosted their target price on shares of Enpro from $345.00 to $370.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Enpro in a report on Monday, July 20th. They set an "overweight" rating and a $420.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $358.33.

Enpro Price Performance

Shares of NYSE NPO opened at $299.09 on Friday. The company has a fifty day moving average price of $333.61 and a 200 day moving average price of $302.66. The firm has a market cap of $6.33 billion, a PE ratio of 145.90, a PEG ratio of 2.15 and a beta of 1.54. The company has a current ratio of 2.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. Enpro has a 1-year low of $202.00 and a 1-year high of $390.42.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. The company had revenue of $338.80 million during the quarter, compared to analysts' expectations of $323.68 million. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The business's quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the business earned $1.25 EPS. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. Research analysts predict that Enpro will post 9.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its holdings in shares of Enpro by 34,727.3% during the second quarter. California State Teachers Retirement System now owns 8,950,957 shares of the industrial products company's stock worth $3,373,884,000 after acquiring an additional 8,925,256 shares during the period. BlackRock Inc. bought a new position in shares of Enpro during the second quarter worth approximately $1,268,036,000. Wasatch Advisors LP increased its stake in shares of Enpro by 8.2% during the third quarter. Wasatch Advisors LP now owns 1,153,237 shares of the industrial products company's stock worth $260,632,000 after purchasing an additional 87,446 shares during the period. Invesco Ltd. lifted its holdings in Enpro by 7.4% during the 4th quarter. Invesco Ltd. now owns 886,043 shares of the industrial products company's stock worth $189,728,000 after purchasing an additional 60,704 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Enpro by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 526,889 shares of the industrial products company's stock worth $112,840,000 after purchasing an additional 16,772 shares during the last quarter. 98.31% of the stock is owned by institutional investors.

Enpro Company Profile

Enpro Group, Inc NYSE: NPO is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company's product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro's offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.

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