GSA Capital Partners LLP Buys New Position in Enpro Inc. (NYSE:NPO)

Key Points

• GSA Capital Partners LLP has invested $1.27 million in Enpro Inc., acquiring approximately 7,846 shares of the company during the first quarter.
• Enpro's recent earnings report exceeded expectations with $1.90 EPS, surpassing the consensus estimate of $1.57.
• Key analysts have mixed ratings on Enpro, with KeyCorp giving it an "overweight" rating while Sidoti upgraded it to "strong-buy", and Wall Street Zen downgraded it to "hold".

GSA Capital Partners LLP bought a new position in shares of Enpro Inc. (NYSE:NPO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,846 shares of the industrial products company's stock, valued at approximately $1,269,000.

A number of other institutional investors have also modified their holdings of NPO. First National Advisers LLC purchased a new stake in Enpro in the 1st quarter valued at approximately $440,000. LPL Financial LLC raised its holdings in shares of Enpro by 12.2% in the first quarter. LPL Financial LLC now owns 21,766 shares of the industrial products company's stock worth $3,240,000 after acquiring an additional 2,375 shares during the last quarter. TD Asset Management Inc lifted its holdings in Enpro by 1.6% in the 1st quarter. TD Asset Management Inc now owns 21,600 shares of the industrial products company's stock valued at $3,495,000 after purchasing an additional 338 shares in the last quarter. Pacer Advisors Inc. grew its stake in Enpro by 19.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,442 shares of the industrial products company's stock worth $233,000 after acquiring an additional 230 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Enpro in the first quarter valued at $1,973,000. 98.31% of the stock is owned by institutional investors and hedge funds.

Enpro Stock Performance

Shares of NYSE:NPO traded down $2.62 on Friday, reaching $209.79. 172,631 shares of the company's stock were exchanged, compared to its average volume of 104,912. The business's 50-day moving average is $195.95 and its two-hundred day moving average is $180.18. The company has a quick ratio of 2.21, a current ratio of 2.95 and a debt-to-equity ratio of 0.42. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week high of $218.93. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 52.19, a PEG ratio of 2.41 and a beta of 1.62.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.33. Enpro had a net margin of 7.98% and a return on equity of 10.67%. The firm had revenue of $273.20 million for the quarter, compared to analyst estimates of $266.23 million. During the same quarter in the prior year, the business earned $1.57 earnings per share. Enpro's quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, September 3rd. Enpro's dividend payout ratio is presently 30.85%.

Analysts Set New Price Targets

Several research firms have commented on NPO. Sidoti upgraded Enpro to a "strong-buy" rating in a report 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 cut Enpro from a "buy" rating to a "hold" rating in a report on Saturday, July 26th.

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.