Ennis (NYSE:EBF) Lowered to Buy at StockNews.com

StockNews.com lowered shares of Ennis (NYSE:EBF) from a strong-buy rating to a buy rating in a report published on Friday.

Ennis Price Performance

Shares of NYSE EBF opened at $20.26 on Friday. The company has a market cap of $524.33 million, a P/E ratio of 12.35 and a beta of 0.45. The firm has a 50-day simple moving average of $19.95 and a two-hundred day simple moving average of $20.75. Ennis has a 1 year low of $18.88 and a 1 year high of $23.17.

Ennis (NYSE:EBF) last issued its earnings results on Monday, April 22nd. The industrial products company reported $0.39 earnings per share for the quarter. Ennis had a return on equity of 12.43% and a net margin of 10.14%. The business had revenue of $97.43 million during the quarter.

Ennis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Friday, April 12th. Ennis’s payout ratio is 60.98%.

Institutional Investors Weigh In On Ennis

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in Ennis by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 342,083 shares of the industrial products company’s stock worth $7,259,000 after buying an additional 3,465 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Ennis by 4.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,790 shares of the industrial products company’s stock worth $14,086,000 after purchasing an additional 28,263 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Ennis by 17.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 47,880 shares of the industrial products company’s stock valued at $1,016,000 after purchasing an additional 7,011 shares during the last quarter. Millington Financial Advisors LLC raised its holdings in Ennis by 5.4% in the third quarter. Millington Financial Advisors LLC now owns 46,125 shares of the industrial products company’s stock worth $979,000 after purchasing an additional 2,381 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Ennis by 15.2% during the third quarter. Los Angeles Capital Management LLC now owns 106,801 shares of the industrial products company’s stock valued at $2,266,000 after buying an additional 14,120 shares during the last quarter. Hedge funds and other institutional investors 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.