Phocas Financial Corp. Has $4.96 Million Stock Holdings in Enpro Inc. (NYSE:NPO)

Key Points

• Phocas Financial Corp. reduced its stake in Enpro Inc. by 5.5%, selling 1,772 shares, bringing its total ownership to 30,673 shares valued at approximately $4.96 million.
• Enpro recently reported earnings of $1.90 per share, exceeding estimates, with revenue of $273.2 million for the quarter, a 6.1% increase year-over-year.
• The company has declared a quarterly dividend of $0.31 per share, with a dividend yield of 0.6%, set to be paid on September 17th.

Phocas Financial Corp. reduced its stake in Enpro Inc. (NYSE:NPO - Free Report) by 5.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,673 shares of the industrial products company's stock after selling 1,772 shares during the quarter. Phocas Financial Corp. owned about 0.15% of Enpro worth $4,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NPO. Principal Financial Group Inc. boosted its holdings in shares of Enpro by 2.6% during the first quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company's stock worth $16,917,000 after acquiring an additional 2,691 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Enpro by 94.5% during the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock worth $81,000 after acquiring an additional 242 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Enpro in the first quarter worth $1,720,000. GSA Capital Partners LLP purchased a new position in shares of Enpro in the first quarter valued at about $1,269,000. Finally, Man Group plc bought a new position in shares of Enpro in the fourth quarter worth approximately $488,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Price Performance

NPO traded down $2.62 during midday trading on Friday, hitting $209.79. The stock had a trading volume of 172,631 shares, compared to its average volume of 113,543. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $218.93. 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 business has a fifty day moving average of $195.95 and a 200 day moving average of $180.32. The company has a market cap of $4.41 billion, a P/E ratio of 52.19, a price-to-earnings-growth ratio of 2.38 and a beta of 1.62.

Enpro (NYSE:NPO - Get Free Report) last announced 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. Enpro had a return on equity of 10.67% and a net margin of 7.98%. The company had revenue of $273.20 million for the quarter, compared to analyst estimates of $266.23 million. During the same period in the prior year, the company posted $1.57 EPS. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The company also recently announced 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 yield of 0.6%. Enpro's payout ratio is presently 30.85%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NPO. KeyCorp reaffirmed an "overweight" rating on shares of Enpro in a report on Tuesday, June 3rd. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a report on Sunday. Finally, Sidoti raised shares of Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd.

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.