Ennis (NYSE:EBF) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Ennis (NYSE:EBF) from a buy rating to a strong-buy rating in a report issued on Monday morning.

Ennis Stock Down 0.2 %

EBF stock opened at $20.75 on Monday. The firm has a market capitalization of $539.17 million, a PE ratio of 12.97 and a beta of 0.40. Ennis has a twelve month low of $18.88 and a twelve month high of $25.75. The stock’s 50 day moving average is $23.09 and its 200-day moving average is $21.96.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, September 23rd. The industrial products company reported $0.40 earnings per share for the quarter. Ennis had a return on equity of 11.64% and a net margin of 10.15%. The business had revenue of $99.04 million for the quarter.

Ennis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, October 11th. This represents a $1.00 annualized dividend and a dividend yield of 4.82%. Ennis’s dividend payout ratio is currently 62.50%.

Institutional Trading of Ennis

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC boosted its position in Ennis by 74.5% in the second quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company’s stock worth $5,870,000 after purchasing an additional 114,516 shares during the last quarter. American Century Companies Inc. grew its position in Ennis by 47.1% during the second quarter. American Century Companies Inc. now owns 274,947 shares of the industrial products company’s stock valued at $6,019,000 after buying an additional 88,042 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Ennis by 74.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,588 shares of the industrial products company’s stock worth $1,346,000 after buying an additional 27,921 shares during the last quarter. Creative Planning raised its position in Ennis by 84.9% in the third quarter. Creative Planning now owns 57,093 shares of the industrial products company’s stock worth $1,389,000 after acquiring an additional 26,207 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Ennis in the second quarter valued at about $543,000. 74.33% of the stock is owned by hedge funds and other institutional investors.

Ennis Company Profile

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.