Virtu Financial LLC Makes New $1.19 Million Investment in Enpro Inc. (NYSE:NPO)

Key Points

• Virtu Financial LLC has invested approximately $1.19 million in Enpro Inc. by purchasing 7,323 shares of the company.
• Enpro Inc. reported a quarterly EPS of $2.03, missing expectations by $0.05, while revenue increased by 6.0% year-over-year.
• Several analysts have upgraded Enpro's shares to a "strong-buy" or "outperform" rating, with price targets raised to $240.00.

Virtu Financial LLC bought a new position in shares of Enpro Inc. (NYSE:NPO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,323 shares of the industrial products company's stock, valued at approximately $1,185,000.

Other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in shares of Enpro in the 1st quarter valued at approximately $32,000. Canada Pension Plan Investment Board purchased a new stake in shares of Enpro in the 4th quarter valued at approximately $69,000. GAMMA Investing LLC raised its stake in shares of Enpro by 94.5% in 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 period. Sterling Capital Management LLC raised its stake in shares of Enpro by 786.6% in 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 period. Finally, Vista Finance LLC raised its stake in shares of Enpro by 7.0% in the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock valued at $205,000 after acquiring an additional 83 shares during the period. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Stock Down 0.8%

Shares of NPO stock traded down $1.74 during trading on Friday, reaching $222.80. The company's stock had a trading volume of 122,348 shares, compared to its average volume of 131,683. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 55.70, a P/E/G ratio of 2.25 and a beta of 1.62. The stock's 50-day moving average price is $203.28 and its 200 day moving average price is $183.34. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $231.94.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.05). Enpro had a return on equity of 10.49% and a net margin of 7.83%. The firm had revenue of $288.10 million for the quarter, compared to analyst estimates of $283.83 million. During the same quarter last year, the firm earned $2.08 EPS. The company's revenue was up 6.0% on a year-over-year basis. On average, research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NPO. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. KeyCorp boosted their price target on shares of Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, Oppenheimer lifted their price objective on shares of Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th.

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.