Enpro (NYSE:NPO) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Enpro to “strong buy” from “hold.” The broader analyst consensus is “Buy,” with an average price target of $358.33.
• Enpro exceeded quarterly expectations, reporting EPS of $2.50 versus the $2.32 estimate and revenue of $338.8 million versus $323.68 million; revenue rose 17.6% year over year.
• Shares opened at $335.36, while institutional investors and hedge funds own a substantial 98.31% of the company’s stock.

Enpro (NYSE:NPO - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. initiated coverage on Enpro in a research report on Monday, July 20th. They issued an "overweight" rating and a $420.00 price target on the stock. Weiss Ratings raised shares of Enpro from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, July 29th. Finally, KeyCorp increased their price objective on shares of Enpro from $345.00 to $370.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. 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 stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $358.33.

Enpro Trading Up 2.1%

Shares of NPO stock opened at $335.36 on Wednesday. The stock has a market cap of $7.09 billion, a P/E ratio of 163.59, a price-to-earnings-growth ratio of 2.30 and a beta of 1.54. Enpro has a 1 year low of $202.00 and a 1 year high of $390.42. The company has a current ratio of 2.28, a quick ratio of 1.40 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $337.36 and a 200 day simple moving average of $294.06.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.32 by $0.18. The firm had revenue of $338.80 million for the quarter, compared to analyst estimates of $323.68 million. Enpro had a return on equity of 11.83% and a net margin of 3.60%.The company's revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $1.25 EPS. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. On average, research analysts predict that Enpro will post 9.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enpro

A number of institutional investors have recently modified their holdings of the business. First Citizens Bank & Trust Co. boosted its stake in Enpro by 2.0% during the first quarter. First Citizens Bank & Trust Co. now owns 1,780 shares of the industrial products company's stock valued at $446,000 after buying an additional 35 shares during the period. Lido Advisors LLC increased its stake in Enpro by 2.6% in the 4th quarter. Lido Advisors LLC now owns 1,799 shares of the industrial products company's stock worth $402,000 after acquiring an additional 45 shares during the last quarter. Salomon & Ludwin LLC increased its stake in Enpro by 55.4% in the 4th quarter. Salomon & Ludwin LLC now owns 129 shares of the industrial products company's stock worth $29,000 after acquiring an additional 46 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of Enpro by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,076 shares of the industrial products company's stock valued at $659,000 after acquiring an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Enpro by 36.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

About Enpro

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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