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

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

Ennis Price Performance

Shares of EBF stock opened at $21.42 on Wednesday. The stock’s fifty day moving average price is $21.39 and its 200 day moving average price is $22.22. Ennis has a 1-year low of $18.88 and a 1-year high of $25.75. The company has a market cap of $556.88 million, a price-to-earnings ratio of 13.54 and a beta of 0.41.

Ennis (NYSE:EBF) last issued its quarterly earnings results on Monday, September 23rd. The industrial products company reported $0.40 earnings per share for the quarter. The business had revenue of $99.04 million for the quarter. Ennis had a return on equity of 11.64% and a net margin of 10.15%.

Ennis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.00 annualized dividend and a dividend yield of 4.67%. Ennis’s payout ratio is currently 63.29%.

Institutional Trading of Ennis

Several large investors have recently added to or reduced their stakes in EBF. Point72 Asset Management L.P. acquired a new position in Ennis during the second quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Ennis during the 2nd quarter valued at about $54,000. FMR LLC lifted its holdings in shares of Ennis by 34.6% in the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after buying an additional 855 shares during the period. CWM LLC boosted its stake in shares of Ennis by 97.0% in the second quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock worth $84,000 after buying an additional 1,895 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Ennis during the third quarter worth about $103,000. 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.