Enpro Inc. (NYSE:NPO) Sees Large Increase in Short Interest

Enpro Inc. (NYSE:NPO - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 760,600 shares, an increase of 85.3% from the May 15th total of 410,500 shares. Approximately 3.7% of the shares of the stock are short sold. Based on an average trading volume of 151,000 shares, the days-to-cover ratio is presently 5.0 days.

Enpro Trading Down 1.2%

NPO traded down $2.26 during trading on Tuesday, reaching $188.86. The company had a trading volume of 93,302 shares, compared to its average volume of 116,253. The firm's 50-day simple moving average is $169.62 and its 200 day simple moving average is $175.07. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 54.58 and a beta of 1.59. Enpro has a 12-month low of $133.50 and a 12-month high of $214.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.33. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm had revenue of $273.20 million for the quarter, compared to analysts' expectations of $266.23 million. During the same quarter last year, the business posted $1.57 EPS. Enpro's revenue was up 6.1% on a year-over-year basis. Equities research analysts anticipate that Enpro will post 7.38 earnings per share for the current year.

Enpro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.24 annualized dividend and a yield of 0.66%. Enpro's dividend payout ratio (DPR) is presently 30.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NPO shares. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Sidoti raised Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, KeyCorp reissued an "overweight" rating on shares of Enpro in a research note on Tuesday, June 3rd.

Hedge Funds Weigh In On Enpro

Several institutional investors and hedge funds have recently bought and sold shares of the business. Xponance Inc. grew its stake in Enpro by 5.1% during the 1st quarter. Xponance Inc. now owns 1,570 shares of the industrial products company's stock valued at $254,000 after acquiring an additional 76 shares in the last quarter. Pitcairn Co. grew its stake in Enpro by 2.0% during the 4th quarter. Pitcairn Co. now owns 3,913 shares of the industrial products company's stock valued at $675,000 after acquiring an additional 78 shares in the last quarter. Vista Finance LLC grew its stake in Enpro by 7.0% during 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Enpro by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,597 shares of the industrial products company's stock valued at $1,310,000 after acquiring an additional 84 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in Enpro by 5.8% during the 4th quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company's stock valued at $295,000 after acquiring an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

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.