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 report sent to investors on Thursday morning.

Ennis Stock Up 0.5 %

NYSE:EBF opened at $20.77 on Thursday. The stock has a fifty day simple moving average of $21.01 and a 200 day simple moving average of $22.11. The firm has a market capitalization of $540.21 million, a price-to-earnings ratio of 13.06 and a beta of 0.41. Ennis has a 1-year low of $18.88 and a 1-year high of $25.75.

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

Ennis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.82%. Ennis’s payout ratio is currently 62.89%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EBF. Point72 Asset Management L.P. acquired a new stake in Ennis during the 2nd quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ennis during the second quarter worth approximately $54,000. FMR LLC grew its position in Ennis by 34.6% during the third quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 855 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in 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 buying an additional 4,000 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Ennis in the 3rd quarter worth approximately $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.