Ennis (NYSE:EBF) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Ennis (NYSE:EBF) from a buy rating to a strong-buy rating in a research note released on Wednesday morning.

Ennis Price Performance

Shares of EBF opened at $20.42 on Wednesday. The stock has a market cap of $531.19 million, a PE ratio of 12.84 and a beta of 0.41. The firm has a 50-day simple moving average of $20.95 and a two-hundred day simple moving average of $21.99. Ennis has a 1-year low of $18.88 and a 1-year high of $25.75.

Ennis (NYSE:EBF) last announced its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

Ennis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date was Friday, January 10th. Ennis’s dividend payout ratio (DPR) is currently 62.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EBF. The Manufacturers Life Insurance Company grew its holdings in Ennis by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,786 shares of the industrial products company’s stock worth $236,000 after acquiring an additional 534 shares in the last quarter. Creative Planning lifted its position in shares of Ennis by 104.4% during the 2nd quarter. Creative Planning now owns 30,886 shares of the industrial products company’s stock worth $676,000 after buying an additional 15,772 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Ennis in the 2nd quarter valued at $543,000. SG Americas Securities LLC purchased a new stake in Ennis in the 3rd quarter valued at $103,000. Finally, Diversified Trust Co raised its position in Ennis by 44.8% in the 3rd quarter. Diversified Trust Co now owns 14,082 shares of the industrial products company’s stock valued at $342,000 after purchasing an additional 4,354 shares during the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

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.