Ennis (NYSE:EBF) Upgraded at 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 Friday morning.

Ennis Stock Performance

EBF stock opened at $20.82 on Friday. The company has a fifty day moving average price of $20.79 and a 200-day moving average price of $21.77. The company has a market capitalization of $541.42 million, a P/E ratio of 13.09 and a beta of 0.41. Ennis has a 52-week low of $18.88 and a 52-week high of $25.75.

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

Ennis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date was Friday, January 10th. Ennis’s dividend payout ratio is presently 62.89%.

Hedge Funds Weigh In On Ennis

A number of hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp raised its stake in Ennis by 37.2% during the fourth quarter. Mackenzie Financial Corp now owns 16,856 shares of the industrial products company’s stock worth $355,000 after buying an additional 4,571 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Ennis by 70.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,958 shares of the industrial products company’s stock worth $1,033,000 after buying an additional 20,207 shares during the last quarter. Millennium Management LLC increased its stake in Ennis by 423.0% in the fourth quarter. Millennium Management LLC now owns 48,554 shares of the industrial products company’s stock valued at $1,024,000 after purchasing an additional 39,270 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ennis by 5.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 629,143 shares of the industrial products company’s stock valued at $13,269,000 after purchasing an additional 31,985 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Ennis by 31.6% in the fourth quarter. Lazard Asset Management LLC now owns 14,448 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 3,470 shares in the last quarter. 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.