Ennis (NYSE:EBF) Raised 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 research report report published on Thursday.

Ennis Price Performance

NYSE:EBF opened at $21.89 on Thursday. The company’s fifty day moving average price is $20.81 and its 200-day moving average price is $20.65. Ennis has a 1-year low of $18.88 and a 1-year high of $23.17. The firm has a market capitalization of $568.70 million, a P/E ratio of 13.68 and a beta of 0.43.

Ennis (NYSE:EBF) last posted its earnings results on Monday, June 17th. The industrial products company reported $0.41 EPS for the quarter. Ennis had a return on equity of 11.94% and a net margin of 10.11%. The firm had revenue of $103.11 million for the quarter.

Ennis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Friday, July 5th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.57%. The ex-dividend date is Friday, July 5th. Ennis’s payout ratio is presently 62.50%.

Institutional Investors Weigh In On Ennis

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Ennis by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,830,941 shares of the industrial products company’s stock worth $38,853,000 after purchasing an additional 13,258 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Ennis by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,604,039 shares of the industrial products company’s stock worth $35,144,000 after acquiring an additional 6,865 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Ennis by 7.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 813,778 shares of the industrial products company’s stock valued at $17,830,000 after acquiring an additional 53,211 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Ennis during the 1st quarter valued at about $4,414,000. Finally, Empowered Funds LLC raised its holdings in Ennis by 8.9% in the 1st quarter. Empowered Funds LLC now owns 117,621 shares of the industrial products company’s stock valued at $2,412,000 after acquiring an additional 9,615 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors and hedge funds.

About Ennis

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.