Jump Financial LLC Acquires New Shares in Enpro Inc. $NPO

Key Points

• Jump Financial LLC made a new investment of $227,000 in Enpro Inc., acquiring 1,400 shares in the first quarter, according to their latest 13F filing.
• Enpro Inc. reported a quarterly earnings miss with an EPS of $2.03, below analysts' estimates of $2.08, but its revenue for the quarter grew by 6.0% year-over-year.
• The company recently announced a $0.31 quarterly dividend, which translates to an annual yield of 0.6%, with a payout ratio of 31.00%.

Jump Financial LLC acquired a new position in shares of Enpro Inc. (NYSE:NPO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,400 shares of the industrial products company's stock, valued at approximately $227,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. CW Advisors LLC increased its stake in Enpro by 1.7% during the 1st quarter. CW Advisors LLC now owns 59,629 shares of the industrial products company's stock worth $9,648,000 after acquiring an additional 1,000 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in Enpro during the 1st quarter worth $115,000. Aberdeen Group plc increased its stake in Enpro by 12.1% during the 1st quarter. Aberdeen Group plc now owns 164,437 shares of the industrial products company's stock worth $26,604,000 after acquiring an additional 17,772 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Enpro during the 1st quarter worth $309,000. Finally, Informed Momentum Co LLC bought a new position in shares of Enpro in the 1st quarter valued at $1,968,000. Institutional investors own 98.31% of the company's stock.

Enpro Price Performance

Shares of NYSE NPO traded up $4.46 during mid-day trading on Wednesday, hitting $221.16. 71,758 shares of the stock traded hands, compared to its average volume of 101,488. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $231.94. The company has a market cap of $4.66 billion, a PE ratio of 55.29, a price-to-earnings-growth ratio of 2.17 and a beta of 1.57. The firm has a 50 day simple moving average of $214.58 and a two-hundred day simple moving average of $187.09.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.05). Enpro had a net margin of 7.83% and a return on equity of 10.49%. The firm had revenue of $288.10 million for the quarter, compared to analyst estimates of $283.83 million. During the same period last year, the business earned $2.08 EPS. The company's revenue was up 6.0% compared to the same quarter last year. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. As a group, equities research analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. Enpro's dividend payout ratio (DPR) is 31.00%.

Insider Buying and Selling at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total transaction of $568,599.57. Following the sale, the executive vice president owned 29,116 shares of the company's stock, valued at $6,515,287.32. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NPO. Oppenheimer lifted their price target on Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. KeyCorp lifted their price target on Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, Enpro currently has an average rating of "Buy" and a consensus price target of $240.00.

Enpro 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.