Short Interest in Enpro Inc. (NYSE:NPO) Rises By 85.3%

Enpro Inc. (NYSE:NPO - Get Free Report) was the recipient of a large 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. Based on an average daily trading volume, of 151,000 shares, the days-to-cover ratio is presently 5.0 days. Approximately 3.7% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

NPO has been the subject of a number of research reports. Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. KeyCorp reissued an "overweight" rating on shares of Enpro in a research note on Tuesday, June 3rd. Finally, Sidoti raised shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd.

Enpro Trading Down 2.4%

Shares of Enpro stock traded down $4.61 during trading on Friday, reaching $187.89. 132,313 shares of the stock were exchanged, compared to its average volume of 116,363. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. Enpro has a 1 year low of $133.50 and a 1 year high of $214.58. The stock's fifty day moving average is $168.55 and its 200 day moving average is $175.14. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 54.30 and a beta of 1.59.

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

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a yield of 0.66%. Enpro's payout ratio is 30.85%.

Institutional Trading of Enpro

Hedge funds and other institutional investors have recently made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new stake in shares of Enpro during the first quarter valued at about $32,000. OFI Invest Asset Management purchased a new position in Enpro in the 4th quarter valued at about $60,000. Canada Pension Plan Investment Board purchased a new position in Enpro in the fourth quarter valued at approximately $69,000. GAMMA Investing LLC grew its position in shares of Enpro by 94.5% during the first quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock worth $81,000 after buying an additional 242 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Enpro by 786.6% in the fourth quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock worth $102,000 after purchasing an additional 527 shares during the period. Institutional investors and hedge funds own 98.31% of the company's stock.

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.

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