EnPro Industries, Inc. NPO yesterday announced to have completed the divestment of its bushing block business to Melma Group. Financial terms of the transaction have not been disclosed.The company communicated about its intention to divest the bushing block business in June 2020. Yesterday, EnPro’s shares gained 0.6%, ending the trading session at $71.21 per share.It is worth noting here that Melma Group is engaged in machining, casting and boiler-making. This industrial group is based in France and primarily operates in Germany and France.Inside the HeadlinesAs noted, the divested business is situated in Dieuze, France, and was part of EnPro’s GGB industrial product business. The company recorded $6.2-MILLION impairment charges related to the divestment in the third quarter of 2020.Leaving aside the bushing block business, GGB engages in making and selling fiber reinforced composite bearing products, engineered plastics, metal polymer and others. Its products are primarily used in power generation, compressor and pump, automotive, general industrial, aerospace, and construction markets.GGB belongs to EnPro’s Engineered Products segment. The segment generated revenues of $67.7 million in the third quarter of 2020.The divestment is in sync with EnPro’s initiatives to concentrate on businesses based on materials science. These businesses feature recurring revenue streams, higher margins, healthy cash flow generation capabilities and advanced technologies.In addition to the above-mentioned divestment, EnPro completed the divestment of STEMCO’s Air Springs business to an associate of Turnspire Capital Partners for $39.5 million this November. Also, it divested Crewson brake adjuster and Motor Wheel brake drum businesses of the STEMCO division in September. The other party to the transaction was Hendrickson USA, LLC.Zacks Rank, Earnings Estimate and Price TrendEnPro presently has a market capitalization of $1.5 billion and sports a Zacks Rank #1 (Strong Buy). It is poised to gain from its portfolio-restructuring efforts and cost-saving actions. However, end-market challenges caused by the pandemic might be concerning.In the past three months, EnPro’s shares have gained 24% compared with the industry’s growth of 13.6%. The Zacks Consensus Estimate for the company’s earnings is pegged at $2.23 for 2020 and $2.73 for 2021, reflecting growth of 38.5% and 23.5% from the respective 60-day-ago figures. Also, the estimate for the fourth quarter grew 90% to 57 cents during the same timeframe.EnPro Industries Price and Consensus EnPro Industries price-consensus-chart | EnPro Industries QuoteOther Stocks to ConsiderSome other top-ranked companies in the same industry are Altra Industrial Motion Corp. AIMC, Applied Industrial Technologies, Inc. AIT and Dover Corporation DOV. While Altra Industrial currently sports a Zacks Rank #1, both Applied Industrial and Dover carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.In the past 60 days, earnings estimates for these companies improved for the current year. Further, earnings surprise for the last reported quarter was 77.55% for Altra Industrial, 39.06% for Applied Industrial and 22.14% for Dover.Zacks Names “Single Best Pick to Double”From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Dover Corporation (DOV): Free Stock Analysis Report EnPro Industries (NPO): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research