Enpro (NYSE:NPO) Shares Gap Down – Here’s Why
by Jessica Moore · The Cerbat GemEnpro Inc. (NYSE:NPO – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $278.15, but opened at $264.97. Enpro shares last traded at $265.1510, with a volume of 4,403 shares.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on NPO. Oppenheimer boosted their target price on shares of Enpro from $240.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. KeyCorp upped their target price on shares of Enpro from $260.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of Enpro in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $297.50.
Read Our Latest Stock Analysis on NPO
Enpro Stock Up 0.9%
The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 141.83, a P/E/G ratio of 2.09 and a beta of 1.54. The business’s 50-day moving average is $260.99 and its two-hundred day moving average is $237.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.50 and a current ratio of 2.32.
Enpro (NYSE:NPO – Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. The business had revenue of $295.40 million for the quarter, compared to the consensus estimate of $280.50 million. Enpro had a net margin of 3.54% and a return on equity of 11.16%. Enpro’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the company posted $1.57 EPS. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. On average, equities analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current year.
Enpro Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were given a $0.32 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Enpro’s previous quarterly dividend of $0.31. Enpro’s dividend payout ratio is 67.72%.
Insider Activity
In related news, EVP Robert Savage Mclean sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $277.50, for a total value of $555,000.00. Following the sale, the executive vice president directly owned 29,909 shares in the company, valued at $8,299,747.50. This trade represents a 6.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Felix M. Brueck sold 5,853 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $275.84, for a total transaction of $1,614,491.52. Following the sale, the director owned 1,567 shares in the company, valued at $432,241.28. This trade represents a 78.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 9,660 shares of company stock valued at $2,653,220. Insiders own 1.60% of the company’s stock.
Institutional Trading of Enpro
Several hedge funds have recently bought and sold shares of the stock. Wasatch Advisors LP raised its holdings in Enpro by 8.2% during the 3rd quarter. Wasatch Advisors LP now owns 1,153,237 shares of the industrial products company’s stock worth $260,632,000 after buying an additional 87,446 shares during the period. Invesco Ltd. raised its holdings in Enpro by 7.4% during the 4th quarter. Invesco Ltd. now owns 886,043 shares of the industrial products company’s stock worth $189,728,000 after buying an additional 60,704 shares during the period. Geode Capital Management LLC raised its holdings in Enpro by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 526,889 shares of the industrial products company’s stock worth $112,840,000 after buying an additional 16,772 shares during the period. Alliancebernstein L.P. raised its holdings in Enpro by 1,651.9% during the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock worth $78,497,000 after buying an additional 386,406 shares during the period. Finally, Congress Asset Management Co. raised its holdings in Enpro by 7.3% during the 4th quarter. Congress Asset Management Co. now owns 376,272 shares of the industrial products company’s stock worth $80,571,000 after buying an additional 25,715 shares during the period. 98.31% of the stock is currently owned by institutional investors and hedge funds.
Enpro Company Profile
Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.
Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.