Enpro (NYSE:NPO) Reaches New 1-Year High - Should You Buy?

Key Points

• Enpro Inc. shares reached a new 52-week high at $214.84, indicating strong market performance with a trading volume of 200,062 shares.
• Analysts' opinions on Enpro vary, with Sidoti issuing a "strong-buy" rating, while Wall Street Zen has downgraded the stock from "buy" to "hold."
• The company reported earnings of $1.90 per share, surpassing the expected $1.57, along with a revenue increase of 6.1% year-over-year.

Enpro Inc. (NYSE:NPO - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $214.84 and last traded at $214.61, with a volume of 200062 shares trading hands. The stock had previously closed at $211.62.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Sidoti raised shares of Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. KeyCorp reissued an "overweight" rating on shares of Enpro in a research report on Tuesday, June 3rd. Finally, Wall Street Zen lowered Enpro from a "buy" rating to a "hold" rating in a research report on Saturday.

Enpro Stock Performance

The company has a market capitalization of $4.52 billion, a P/E ratio of 53.39, a P/E/G ratio of 2.36 and a beta of 1.57. The business has a 50-day moving average of $193.32 and a 200-day moving average of $179.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.95 and a quick ratio of 2.21.

Enpro (NYSE:NPO - Get Free Report) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.33. The company had revenue of $273.20 million for the quarter, compared to analyst estimates of $266.23 million. Enpro had a return on equity of 10.67% and a net margin of 7.98%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 earnings per share. On average, sell-side analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a $0.31 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $1.24 annualized dividend and a yield of 0.58%. Enpro's dividend payout ratio is presently 30.85%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NPO. Capital International Investors grew its stake in shares of Enpro by 6.8% in the 4th quarter. Capital International Investors now owns 964,470 shares of the industrial products company's stock valued at $166,323,000 after purchasing an additional 60,998 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Enpro by 4.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 950,690 shares of the industrial products company's stock valued at $163,947,000 after acquiring an additional 36,501 shares in the last quarter. Invesco Ltd. lifted its position in shares of Enpro by 1.1% in the fourth quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company's stock valued at $123,725,000 after acquiring an additional 7,911 shares in the last quarter. Capital World Investors acquired a new position in Enpro in the fourth quarter valued at $108,825,000. Finally, Neuberger Berman Group LLC increased its stake in Enpro by 23.2% in the fourth quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company's stock valued at $92,719,000 after purchasing an additional 101,257 shares during the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Enpro Company Profile

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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