Enpro Inc. (NYSE:NPO) Stock Position Raised by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC has increased its stake in Enpro Inc. by 11.6% during Q1, owning a total of 19,374 shares valued at approximately $3.135 million.
• Enpro reported Q2 earnings of $2.03 EPS, slightly missing analyst expectations, but its revenue of $288.10 million exceeded projections.
• The company recently declared a quarterly dividend of $0.31, with an upcoming payment date of September 17th, reflecting a dividend yield of 0.6%.

Townsquare Capital LLC boosted its position in Enpro Inc. (NYSE:NPO - Free Report) by 11.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 19,374 shares of the industrial products company's stock after acquiring an additional 2,021 shares during the period. Townsquare Capital LLC owned about 0.09% of Enpro worth $3,135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NPO. Principal Financial Group Inc. grew its stake in shares of Enpro by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company's stock valued at $16,917,000 after buying an additional 2,691 shares during the period. GAMMA Investing LLC grew its stake 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 valued at $81,000 after buying an additional 242 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Enpro during the 1st quarter valued at $1,720,000. Teacher Retirement System of Texas purchased a new stake in shares of Enpro during the 1st quarter valued at $495,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Enpro during the 1st quarter valued at $1,269,000. 98.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NPO has been the subject of a number of research reports. Oppenheimer upped their price target on shares of Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. KeyCorp upped their price target on shares of Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Sidoti raised shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd.

Enpro Stock Down 0.8%

Enpro stock traded down $1.74 during trading on Friday, reaching $222.80. 122,348 shares of the company's stock were exchanged, compared to its average volume of 131,683. The company's 50-day moving average is $203.28 and its two-hundred day moving average is $183.34. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 2.49. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $231.94. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 55.70, a PEG ratio of 2.25 and a beta of 1.62.

Enpro (NYSE:NPO - Get Free Report) last issued its 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 company had revenue of $288.10 million during the quarter, compared to analyst estimates of $283.83 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.08 EPS. On average, analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, September 3rd. Enpro's dividend payout ratio is 31.00%.

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.