Ennis (NYSE:EBF) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Ennis (NYSE:EBF) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday morning.

Ennis Trading Up 0.5 %

NYSE EBF opened at $20.66 on Thursday. Ennis has a 1-year low of $18.88 and a 1-year high of $25.75. The firm’s fifty day simple moving average is $21.03 and its 200-day simple moving average is $22.13. The company has a market capitalization of $537.29 million, a PE ratio of 12.99 and a beta of 0.41.

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

Ennis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Friday, January 10th. Ennis’s dividend payout ratio (DPR) is presently 62.89%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EBF. Point72 Asset Management L.P. bought a new stake in Ennis in the second quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ennis during the 2nd quarter worth about $54,000. FMR LLC increased its holdings in shares of Ennis by 34.6% during the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 855 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Ennis by 8,888.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 4,000 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Ennis in the 3rd quarter worth approximately $103,000. 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.