Enpro (NYSE:NPO) Hits New 12-Month High – Should You Buy?

Enpro Inc. (NYSE:NPO) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $176.16 and last traded at $175.89, with a volume of 8388 shares changing hands. The stock had previously closed at $174.34.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Enpro Price Performance

The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. The company has a 50 day simple moving average of $157.81 and a 200-day simple moving average of $154.08. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 67.84 and a beta of 1.41.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.13). Enpro had a net margin of 5.20% and a return on equity of 9.71%. The business had revenue of $260.90 million for the quarter, compared to the consensus estimate of $264.47 million. During the same quarter in the previous year, the firm earned $1.58 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, research analysts anticipate that Enpro Inc. will post 6.89 EPS for the current fiscal year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro’s dividend payout ratio (DPR) is presently 46.69%.

Insider Buying and Selling

In related news, CAO Steven R. Bower sold 300 shares of Enpro stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $162.50, for a total value of $48,750.00. Following the sale, the chief accounting officer now directly owns 130 shares in the company, valued at $21,125. This trade represents a 69.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Enpro

Hedge funds have recently made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new position in Enpro during the 2nd quarter worth $29,000. GAMMA Investing LLC grew its position in Enpro by 168.1% in the 3rd quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock valued at $52,000 after buying an additional 200 shares in the last quarter. Innealta Capital LLC acquired a new position in Enpro during the 2nd quarter valued at about $48,000. Blue Trust Inc. lifted its stake in shares of Enpro by 357.4% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 411 shares during the period. Finally, KBC Group NV increased its stake in shares of Enpro by 24.3% during the third quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 130 shares during the period. Institutional investors 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.