Enpro (NYSE:NPO) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research has downgraded Enpro (NYSE:NPO) from a "strong-buy" rating to a "hold" rating, indicating a more cautious outlook on the stock.
• Several firms, including Oppenheimer and KeyCorp, have set a target price of $240.00 for Enpro, while the consensus rating remains a "Moderate Buy."
• Enpro's latest earnings report revealed an EPS of $2.03, which missed analysts' expectations, despite a revenue increase of 6.0% year-over-year.

Enpro (NYSE:NPO - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Several other research firms also recently weighed in on NPO. Oppenheimer raised their target price on Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Weiss Ratings restated a "hold (c+)" rating on shares of Enpro in a research report on Saturday, September 27th. Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Finally, KeyCorp raised their target price on Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $240.00.

Enpro Stock Performance

Shares of NPO stock opened at $223.77 on Monday. The company has a market capitalization of $4.71 billion, a P/E ratio of 55.94, a P/E/G ratio of 2.34 and a beta of 1.57. The business's 50 day moving average is $222.09 and its two-hundred day moving average is $193.19. The company has a current ratio of 2.49, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31. Enpro has a 12-month low of $133.50 and a 12-month high of $234.95.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.08 by ($0.05). The business had revenue of $288.10 million for the quarter, compared to analysts' expectations of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%.The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.08 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. Analysts expect that Enpro will post 7.38 EPS for the current fiscal year.

Insider Buying and Selling

In other Enpro news, EVP Robert Savage Mclean sold 2,541 shares of Enpro stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total value of $568,599.57. Following the sale, the executive vice president owned 29,116 shares in the company, valued at $6,515,287.32. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enpro

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NPO. Portside Wealth Group LLC raised its position in Enpro by 7.9% in the first quarter. Portside Wealth Group LLC now owns 1,864 shares of the industrial products company's stock valued at $302,000 after purchasing an additional 137 shares during the period. GAMMA Investing LLC raised its position in Enpro by 94.5% in the first quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 242 shares during the period. Azzad Asset Management Inc. ADV grew its stake in shares of Enpro by 4.6% in the first quarter. Azzad Asset Management Inc. ADV now owns 8,690 shares of the industrial products company's stock valued at $1,406,000 after buying an additional 379 shares in the last quarter. Vista Finance LLC grew its stake in shares of Enpro by 7.0% in the first quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock valued at $205,000 after buying an additional 83 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Enpro in the first quarter valued at $32,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.