Silver Point Capital Lowers stake in EnPro Industries (NPO)

EnPro Industries (NPO) : Silver Point Capital reduced its stake in EnPro Industries by 2.63% during the most recent quarter end. The investment management company now holds a total of 1,465,400 shares of EnPro Industries which is valued at $76,405,956 after selling 39,600 shares in EnPro Industries , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.EnPro Industries makes up approximately 8.04% of Silver Point Capital’s portfolio.

Other Hedge Funds, Including , Arizona State Retirement System boosted its stake in NPO in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 11,197 shares of EnPro Industries which is valued at $583,812. EnPro Industries makes up approx 0.01% of Arizona State Retirement System’s portfolio. Ftb Advisors sold out all of its stake in NPO during the most recent quarter. The investment firm sold 17 shares of NPO which is valued $778. Bartlett added NPO to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $18,616.American Century Companies Inc boosted its stake in NPO in the latest quarter, The investment management firm added 166,383 additional shares and now holds a total of 452,044 shares of EnPro Industries which is valued at $21,038,128. EnPro Industries makes up approx 0.02% of American Century Companies Inc’s portfolio.

EnPro Industries opened for trading at $54.03 and hit $54.6058 on the upside on Thursday, eventually ending the session at $54.2, with a gain of 0.56% or 0.3 points. The heightened volatility saw the trading volume jump to 1,25,465 shares. Company has a market cap of $1,166 M.

On the company’s financial health, EnPro Industries reported $-0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.42 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.41. The company had revenue of $294.90 million for the quarter, compared to analysts expectations of $293.25 million. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

EnPro Industries Inc. (EnPro) is engaged in the designing developing manufacturing and marketing engineered industrial products. The Company operates in three segments: Sealing Products segment Engineered Products segment and Power Systems segment. Its Sealing Products segment designs manufactures and sells sealing products. Engineered Products Segment includes its bearings aluminum blocks for hydraulic applications and reciprocating compressor components. Its Engineered Products segment includes operations that design manufacture and sell self-lubricating non-rolling metal-polymer and solid polymer and filament wound bearing products among others. Its Power Systems segment designs manufactures sells and services heavy-duty medium-speed diesel natural gas and dual fuel reciprocating engines. It has approximately 63 primary manufacturing facilities located in 13 countries including the United States.

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