Enpro Inc. (NYSE:NPO) Shares Bought 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 grew its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 11.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,374 shares of the industrial products company's stock after acquiring an additional 2,021 shares during the quarter. Townsquare Capital LLC owned about 0.09% of Enpro worth $3,135,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NPO. Opal Wealth Advisors LLC acquired a new position in shares of Enpro during the 1st quarter valued at about $32,000. Canada Pension Plan Investment Board acquired a new position in shares of Enpro during the 4th quarter valued at about $69,000. GAMMA Investing LLC increased 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 acquiring an additional 242 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Enpro by 786.6% during the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock valued at $102,000 after acquiring an additional 527 shares during the last quarter. Finally, Vista Finance LLC increased its position in Enpro by 7.0% during the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock worth $205,000 after purchasing an additional 83 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Enpro Trading Down 3.0%

NPO traded down $6.91 on Thursday, reaching $224.65. 97,321 shares of the company's stock were exchanged, compared to its average volume of 134,828. 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 twelve month low of $133.50 and a twelve month high of $231.94. The company's 50 day moving average is $201.97 and its 200-day moving average is $182.73. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 56.16, a PEG ratio of 2.28 and a beta of 1.62.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $283.83 million. During the same period last year, the business earned $2.08 EPS. The firm's revenue was up 6.0% compared to the same quarter last year. Equities analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be given a $0.31 dividend. 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 dividend payout ratio (DPR) is 31.00%.

Wall Street Analysts Forecast Growth

NPO has been the subject of a number of research analyst reports. Oppenheimer increased their target price 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. Sidoti raised shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, KeyCorp increased their target price 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.

Enpro Company 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.