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Steven R. Bower, Senior Vice President, Controller, and Chief Accounting Officer at Enpro Inc. (NYSE:NPO), recently sold 997 shares of the company’s common stock. The shares were sold at a price of $199.66 each, totaling $199,061. Following the transaction, Bower no longer holds any shares directly under this category. The sale comes as Enpro, currently valued at $4.19 billion, trades near its 52-week high with a strong 26.78% return over the past year. According to InvestingPro analysis, the company maintains a "GOOD" financial health score, supported by strong liquidity with a current ratio of 2.59.
In addition to this sale, Bower acquired 999 stock options, which will vest in three equal parts over the next three years, contingent on continued employment. These stock options, once vested, will convert to common stock, adding to his indirect ownership, which currently stands at 6,428 shares held via an Individual Retirement Account (IRA). InvestingPro data reveals that Enpro trades at a high earnings multiple, though analysts remain optimistic about its growth prospects. Discover 12 additional exclusive ProTips and comprehensive valuation metrics with an InvestingPro subscription.
In other recent news, EnPro Industries reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $1.57, which fell short of the anticipated $1.75. The company’s revenue for the quarter reached $258.4 million, below the forecast of $263.43 million. Despite these misses, EnPro demonstrated a 7% year-over-year increase in adjusted EBITDA, totaling $255 million, with adjusted EBITDA margins improving by 180 basis points to 24.3%. Additionally, KeyBanc Capital Markets raised its price target for EnPro from $220 to $230, maintaining an Overweight rating due to the company’s resilience and strategic growth initiatives. EnPro’s focus on its EnPro 3.0 initiative and investment in semiconductor applications is pivotal to its growth strategy. The company expects 2025 sales growth in the low to mid-single digits and adjusted EBITDA between $262 million and $277 million. EnPro Industries remains committed to growth in its Sealing Technologies and Advanced Surface Technologies segments, anticipating low to mid-single digit and mid to high single-digit growth, respectively.
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