Penn Capital Management Co. Inc. Lowers Stake in EnPro Industries, Inc. (NPO)

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Penn Capital Management Co. Inc. cut its holdings in EnPro Industries, Inc. (NYSE:NPO) by 16.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 83,974 shares of the industrial products company’s stock after selling 16,570 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in EnPro Industries were worth $6,006,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new stake in EnPro Industries in the fourth quarter worth about $56,000. Meeder Asset Management Inc. increased its position in EnPro Industries by 261.3% in the first quarter. Meeder Asset Management Inc. now owns 990 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 716 shares during the period. Acadian Asset Management LLC acquired a new stake in EnPro Industries in the fourth quarter worth about $75,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in EnPro Industries by 25.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,440 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 296 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in EnPro Industries by 28.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,856 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 411 shares during the period. Institutional investors own 96.78% of the company’s stock.

NPO has been the subject of a number of research reports. Oppenheimer lowered their price objective on EnPro Industries from $90.00 to $85.00 in a research report on Thursday, February 14th. TheStreet upgraded EnPro Industries from a “c+” rating to a “b” rating in a research report on Thursday, May 2nd. Zacks Investment Research upgraded EnPro Industries from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Wednesday, May 1st. Finally, ValuEngine upgraded EnPro Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company. EnPro Industries currently has a consensus rating of “Hold” and a consensus price target of $84.20.

Shares of NPO stock opened at $63.58 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.65 and a quick ratio of 1.76. The stock has a market capitalization of $1.29 billion, a P/E ratio of 16.26, a PEG ratio of 1.05 and a beta of 1.60. EnPro Industries, Inc. has a 12 month low of $55.48 and a 12 month high of $78.31.

EnPro Industries (NYSE:NPO) last posted its earnings results on Wednesday, May 1st. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.26). The company had revenue of $360.30 million for the quarter, compared to analyst estimates of $373.60 million. EnPro Industries had a return on equity of 9.13% and a net margin of 1.65%. EnPro Industries’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Equities analysts anticipate that EnPro Industries, Inc. will post 4.19 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.57%. EnPro Industries’s payout ratio is currently 25.58%.

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About EnPro Industries

EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing products; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; and modular sealing systems for sealing pipeline penetrations.

Further Reading: Convertible Shares

Want to see what other hedge funds are holding NPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EnPro Industries, Inc. (NYSE:NPO).

Institutional Ownership by Quarter for EnPro Industries (NYSE:NPO)

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