Short Interest in Enpro Inc. (NYSE:NPO) Decreases By 16.4%

Enpro Inc. (NYSE:NPO - Get Free Report) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 489,100 shares, a drop of 16.4% from the March 31st total of 585,300 shares. Approximately 2.4% of the company's stock are short sold. Based on an average daily trading volume, of 139,600 shares, the days-to-cover ratio is presently 3.5 days.

Analyst Ratings Changes

A number of brokerages have commented on NPO. KeyCorp lowered their price target on Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a report on Wednesday, April 23rd.

Enpro Stock Performance

NPO stock traded down $2.31 during midday trading on Monday, hitting $155.35. 165,444 shares of the stock traded hands, compared to its average volume of 111,587. Enpro has a 1-year low of $133.50 and a 1-year high of $214.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The stock's fifty day simple moving average is $160.34 and its 200-day simple moving average is $170.96. The firm has a market cap of $3.27 billion, a P/E ratio of 44.90 and a beta of 1.46.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm had revenue of $258.40 million during the quarter, compared to analyst estimates of $250.10 million. During the same quarter in the previous year, the business earned $1.19 EPS. Enpro's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts expect that Enpro will post 7.38 earnings per share for the current year.

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.80%. Enpro's payout ratio is currently 35.84%.

Insider Buying and Selling at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Enpro

Hedge funds and other institutional investors have recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Enpro during the first quarter worth $32,000. OFI Invest Asset Management acquired a new position in shares of Enpro during the 4th quarter worth approximately $60,000. Canada Pension Plan Investment Board acquired a new stake in shares of Enpro in the fourth quarter valued at approximately $69,000. GAMMA Investing LLC lifted its position in Enpro by 94.5% during the first quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock worth $81,000 after buying an additional 242 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Enpro in the 3rd quarter valued at $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.