Texas Permanent School Fund Reduces Stock Holdings in EnPro Industries, Inc. (NYSE:NPO)

Posted by Defense World Staff on May 13th, 2023

Texas Permanent School Fund lowered its position in EnPro Industries, Inc. (NYSE:NPO – Get Rating) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,986 shares of the industrial products company’s stock after selling 979 shares during the quarter. Texas Permanent School Fund owned 0.07% of EnPro Industries worth $1,520,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Maryland State Retirement & Pension System increased its stake in shares of EnPro Industries by 1.1% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,600 shares of the industrial products company’s stock worth $935,000 after purchasing an additional 93 shares in the last quarter. Heritage Wealth Management LLC increased its stake in shares of EnPro Industries by 3.3% during the 3rd quarter. Heritage Wealth Management LLC now owns 2,977 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 95 shares in the last quarter. Great West Life Assurance Co. Can increased its position in EnPro Industries by 0.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 17,805 shares of the industrial products company’s stock worth $1,785,000 after purchasing an additional 112 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in EnPro Industries by 4.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,947 shares of the industrial products company’s stock valued at $320,000 after purchasing an additional 125 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in EnPro Industries by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 19,552 shares of the industrial products company’s stock valued at $1,602,000 after purchasing an additional 171 shares in the last quarter. 93.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EnPro Industries

In related news, CEO Eric A. Vaillancourt bought 790 shares of the stock in a transaction that occurred on Tuesday, March 14th. The stock was purchased at an average cost of $94.75 per share, for a total transaction of $74,852.50. Following the completion of the acquisition, the chief executive officer now owns 24,120 shares in the company, valued at $2,285,370. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EnPro Industries news, CEO Eric A. Vaillancourt acquired 790 shares of the firm’s stock in a transaction on Tuesday, March 14th. The stock was bought at an average cost of $94.75 per share, for a total transaction of $74,852.50. Following the completion of the purchase, the chief executive officer now directly owns 24,120 shares in the company, valued at $2,285,370. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Steven R. Bower sold 2,400 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $109.78, for a total transaction of $263,472.00. Following the sale, the chief accounting officer now owns 3,440 shares of the company’s stock, valued at $377,643.20. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

EnPro Industries Price Performance

Shares of NYSE:NPO opened at $94.22 on Friday. The company has a market cap of $1.97 billion, a P/E ratio of 8.74 and a beta of 1.44. The company has a quick ratio of 2.79, a current ratio of 3.58 and a debt-to-equity ratio of 0.54. EnPro Industries, Inc. has a 52 week low of $76.14 and a 52 week high of $127.67. The business has a fifty day simple moving average of $97.76 and a 200-day simple moving average of $108.51.

EnPro Industries (NYSE:NPO – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.49. EnPro Industries had a return on equity of 11.87% and a net margin of 19.21%. The business had revenue of $282.60 million during the quarter, compared to the consensus estimate of $273.40 million. During the same quarter in the previous year, the business earned $1.83 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts forecast that EnPro Industries, Inc. will post 6.78 EPS for the current year.

EnPro Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Wednesday, May 31st will be issued a $0.29 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.23%. EnPro Industries’s payout ratio is 10.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NPO shares. StockNews.com assumed coverage on shares of EnPro Industries in a report on Thursday, March 16th. They set a “buy” rating for the company. TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a report on Tuesday, May 2nd.

EnPro Industries Profile

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EnPro Industries, Inc engages in the design, development, manufacturing, and marketing of proprietary engineered industrial products. It operates through the Sealing Technologies and Advanced Surface Technologies segment. The Sealing Technologies segment designs, manufactures, and sells sealing products including metallic, non-metallic, and composite material gaskets.