Enpro (NYSE:NPO) Shares Gap Down to $145.57

Enpro Inc. (NYSE:NPO)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $145.57, but opened at $141.73. Enpro shares last traded at $141.73, with a volume of 1,099 shares trading hands.

Enpro Price Performance

The company has a quick ratio of 1.77, a current ratio of 2.59 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average of $148.29 and a two-hundred day moving average of $153.32.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.03. The firm had revenue of $257.50 million during the quarter, compared to analyst estimates of $269.00 million. Enpro had a positive return on equity of 9.17% and a negative net margin of 0.26%. Enpro’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.95 earnings per share. Equities research analysts anticipate that Enpro Inc. will post 7.45 earnings per share for the current fiscal year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.83%. The ex-dividend date was Wednesday, June 5th. Enpro’s dividend payout ratio is currently -857.08%.

Hedge Funds Weigh In On Enpro

A number of hedge funds and other institutional investors have recently bought and sold shares of NPO. Simplex Trading LLC boosted its position in shares of Enpro by 5,227.3% during the fourth quarter. Simplex Trading LLC now owns 1,172 shares of the industrial products company’s stock worth $183,000 after buying an additional 1,150 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Enpro by 12.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,206 shares of the industrial products company’s stock worth $189,000 after buying an additional 134 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Enpro during the fourth quarter worth approximately $203,000. Fulton Bank N.A. acquired a new stake in Enpro in the first quarter worth approximately $211,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Enpro in the fourth quarter worth approximately $221,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.

About Enpro

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.