Enersys (NYSE:ENS) Shares Gap Down – What’s Next?

Enersys (NYSE:ENS) gapped down prior to trading on Monday. The stock had previously closed at $171.36, but opened at $162.60. Enersys shares last traded at $161.9380, with a volume of 8,930 shares traded.

Analyst Ratings Changes

ENS has been the subject of a number of analyst reports. Wall Street Zen raised shares of Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. BTIG Research restated a “buy” rating and set a $280.00 price objective on shares of Enersys in a report on Thursday, August 13th. Zacks Research lowered shares of Enersys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. Oppenheimer reissued an “outperform” rating on shares of Enersys in a research report on Friday, August 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Enersys in a report on Tuesday, September 22nd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Enersys currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.00.

Enersys Trading Up 1.9%

The firm has a market capitalization of $5.87 billion, a P/E ratio of 17.43, a PEG ratio of 0.80 and a beta of 1.21. The business’s 50 day moving average is $178.96 and its two-hundred day moving average is $191.36. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51.

Enersys (NYSE:ENS) last announced its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.83. The firm had revenue of $935.64 million during the quarter, compared to analyst estimates of $928.01 million. Enersys had a net margin of 9.29% and a return on equity of 24.02%. Enersys’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.08 EPS. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. Analysts expect that Enersys will post 13.41 EPS for the current year.

Enersys Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were paid a $0.2875 dividend. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Enersys’s previous quarterly dividend of $0.2625. Enersys’s dividend payout ratio (DPR) is currently 12.31%.

Hedge Funds Weigh In On Enersys

Hedge funds have recently modified their holdings of the company. Choreo LLC grew its holdings in Enersys by 2.1% during the third quarter. Choreo LLC now owns 3,878 shares of the industrial products company’s stock worth $713,000 after acquiring an additional 79 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Enersys by 1.1% in the first quarter. State of Michigan Retirement System now owns 8,872 shares of the industrial products company’s stock valued at $1,541,000 after purchasing an additional 100 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Enersys by 107.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 100 shares in the last quarter. Net Worth Advisory Group boosted its holdings in shares of Enersys by 3.2% during the third quarter. Net Worth Advisory Group now owns 3,470 shares of the industrial products company’s stock worth $658,000 after purchasing an additional 108 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of Enersys by 9.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,319 shares of the industrial products company’s stock valued at $309,000 after buying an additional 110 shares during the period. 94.93% of the stock is currently owned by institutional investors and hedge funds.

About Enersys

EnerSys (NYSE: ENS) is a global provider of stored energy solutions for industrial, transportation, telecommunications, utility, data center, aerospace and defense applications. The company designs, manufactures and distributes industrial batteries, battery chargers, power systems and related equipment used for backup power, motive power and energy management.

Its product portfolio includes lead-acid and lithium-ion batteries, motive-power systems for electric forklifts and other material-handling equipment, reserve-power batteries for telecommunications and data centers, and specialized energy systems for aerospace, defense and other critical applications.