Enpro (NYSE:NPO) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Enpro (NYSE:NPO) was downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a shift in investment sentiment.
• Despite the downgrade, Enpro's stock has shown a slight increase, opening at $208.07, with a strong market capitalization of $4.38 billion.
• Recent quarterly earnings revealed that Enpro surpassed expectations with earnings per share of $1.90, a significant increase from $1.57 in the same quarter last year.

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

Several other equities research analysts have also issued reports on NPO. KeyCorp restated an "overweight" rating on shares of Enpro in a report on Tuesday, June 3rd. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a report on Wednesday, April 23rd.

Enpro Price Performance

Shares of NYSE:NPO traded up $2.99 on Friday, reaching $214.61. The company's stock had a trading volume of 200,734 shares, compared to its average volume of 100,311. Enpro has a 52-week low of $133.50 and a 52-week high of $214.84. The company has a market cap of $4.52 billion, a P/E ratio of 53.39, a PEG ratio of 2.40 and a beta of 1.57. The company has a 50-day simple moving average of $193.32 and a 200 day simple moving average of $179.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.21 and a current ratio of 2.95.

Enpro (NYSE:NPO - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.33. The firm had revenue of $273.20 million during the quarter, compared to analyst estimates of $266.23 million. Enpro had a net margin of 7.98% and a return on equity of 10.67%. The business's revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $1.57 EPS. As a group, equities research analysts anticipate that Enpro will post 7.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vista Finance LLC increased its position in Enpro by 4.1% during the 2nd quarter. Vista Finance LLC now owns 1,319 shares of the industrial products company's stock valued at $253,000 after purchasing an additional 52 shares during the period. Maryland State Retirement & Pension System increased its position in Enpro by 0.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 6,184 shares of the industrial products company's stock valued at $1,185,000 after purchasing an additional 58 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Enpro by 0.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,023 shares of the industrial products company's stock valued at $1,428,000 after purchasing an additional 64 shares during the period. Xponance Inc. increased its position in Enpro by 5.1% during the 1st quarter. Xponance Inc. now owns 1,570 shares of the industrial products company's stock valued at $254,000 after purchasing an additional 76 shares during the period. Finally, Pitcairn Co. increased its position in Enpro by 2.0% during the 4th quarter. Pitcairn Co. now owns 3,913 shares of the industrial products company's stock valued at $675,000 after purchasing an additional 78 shares during the period. 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.