Enpro (NYSE:NPO) Hits New 1-Year High - Here's What Happened

Key Points

• Enpro Inc. shares reached a new 52-week high of $230.18, closing at $229.74 with a trading volume of 5,546 shares.
• Analysts have recently upgraded Enpro's rating from "hold" to "buy," with several price target increases, now ranging between $240.00 and $215.00.
• Enpro announced a quarterly dividend of $0.31 per share, offering an annualized yield of 0.5%, with a payout ratio of 31.00%.

Enpro Inc. (NYSE:NPO - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $230.18 and last traded at $229.74, with a volume of 5546 shares changing hands. The stock had previously closed at $227.45.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wall Street Zen raised Enpro from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. Oppenheimer boosted their price target on Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Sidoti upgraded Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, KeyCorp boosted their price target on Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th.

Enpro Trading Down 0.0%

The company has a current ratio of 2.49, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31. The company has a market cap of $4.79 billion, a PE ratio of 56.84, a price-to-earnings-growth ratio of 2.18 and a beta of 1.62. The business has a 50 day simple moving average of $201.11 and a two-hundred day simple moving average of $182.39.

Enpro (NYSE:NPO - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.05). Enpro had a net margin of 7.83% and a return on equity of 10.49%. The business had revenue of $288.10 million for the quarter, compared to analyst estimates of $283.83 million. During the same quarter in the prior year, the business earned $2.08 earnings per share. The firm's revenue was up 6.0% on a year-over-year basis. On average, analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Enpro's dividend payout ratio (DPR) is currently 31.00%.

Hedge Funds Weigh In On Enpro

Large investors have recently bought and sold shares of the business. Capital World Investors acquired a new position in shares of Enpro during the fourth quarter valued at approximately $108,825,000. Nuveen LLC acquired a new position in shares of Enpro during the first quarter valued at approximately $28,702,000. Bamco Inc. NY acquired a new position in shares of Enpro during the fourth quarter valued at approximately $24,208,000. GAMMA Investing LLC increased its stake in shares of Enpro by 31,373.0% during the first quarter. GAMMA Investing LLC now owns 80,571 shares of the industrial products company's stock valued at $13,036,000 after acquiring an additional 80,315 shares during the period. Finally, Laurel Wealth Advisors LLC increased its stake in shares of Enpro by 19,055.1% during the second quarter. Laurel Wealth Advisors LLC now owns 65,702 shares of the industrial products company's stock valued at $12,585,000 after acquiring an additional 65,359 shares during the period. 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.

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