Enpro (NYSE:NPO) Upgraded to Buy at Wall Street Zen

Key Points

• Enpro (NYSE:NPO) has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, reflecting a positive outlook from investment analysts.
• The company reported earnings of $1.90 per share for the last quarter, exceeding estimates, and showed a revenue increase of 6.1% year-over-year.
• Institutional investors hold 98.31% of Enpro's stock, with several firms increasing their stakes in the fourth quarter, indicating strong institutional interest.

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

A number of other brokerages also recently issued reports on NPO. KeyCorp reiterated an "overweight" rating on shares of Enpro in a research note on Tuesday, June 3rd. Sidoti upgraded Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd.

Enpro Stock Performance

Shares of NYSE NPO traded down $2.62 during midday trading on Friday, hitting $209.79. 172,631 shares of the company's stock traded hands, compared to its average volume of 113,543. Enpro has a 1 year low of $133.50 and a 1 year high of $218.93. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 52.19, a price-to-earnings-growth ratio of 2.38 and a beta of 1.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.21 and a current ratio of 2.95. The firm has a fifty day moving average of $195.95 and a 200 day moving average of $180.32.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, beating 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 for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.57 EPS. On average, analysts forecast that Enpro will post 7.38 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vista Finance LLC boosted its position in shares of 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 acquiring an additional 52 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in shares of 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 acquiring an additional 58 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 acquiring an additional 64 shares during the last quarter. Xponance Inc. boosted its position in shares of 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 acquiring an additional 76 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of Enpro by 1.2% during the 2nd quarter. Yousif Capital Management LLC now owns 7,922 shares of the industrial products company's stock valued at $1,517,000 after acquiring an additional 92 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors.

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.