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

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

Ennis Trading Down 0.3 %

Shares of EBF opened at $20.47 on Thursday. The stock has a 50-day moving average price of $20.85 and a 200-day moving average price of $21.85. The company has a market cap of $532.43 million, a PE ratio of 12.87 and a beta of 0.41. Ennis has a 12-month low of $18.88 and a 12-month high of $25.75.

Ennis (NYSE:EBF) last released its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates 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 declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Friday, January 10th. Ennis’s dividend payout ratio (DPR) is currently 62.89%.

Hedge Funds Weigh In On Ennis

Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in Ennis by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,786 shares of the industrial products company’s stock worth $236,000 after buying an additional 534 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Ennis in the 3rd quarter worth approximately $103,000. CWM LLC boosted its stake in shares of Ennis by 30.9% in the 3rd quarter. CWM LLC now owns 5,039 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 1,190 shares in the last quarter. Creative Planning grew its holdings in shares of Ennis by 84.9% during the 3rd quarter. Creative Planning now owns 57,093 shares of the industrial products company’s stock valued at $1,389,000 after purchasing an additional 26,207 shares during the last quarter. Finally, Inspire Advisors LLC raised its position in Ennis by 47.0% in the 3rd quarter. Inspire Advisors LLC now owns 13,860 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 4,432 shares during the period. 74.33% of the stock is currently owned by institutional investors.

About Ennis

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.