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

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

Ennis Trading Down 0.2 %

EBF opened at $20.75 on Monday. Ennis has a 12 month low of $18.88 and a 12 month high of $25.75. The company has a market cap of $539.17 million, a PE ratio of 12.97 and a beta of 0.40. The company has a 50 day moving average of $23.09 and a 200 day moving average of $21.96.

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

Ennis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date is Friday, October 11th. Ennis’s payout ratio is 62.50%.

Institutional Trading of Ennis

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in Ennis by 0.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,537,746 shares of the industrial products company’s stock valued at $33,661,000 after purchasing an additional 11,000 shares during the period. Bank of New York Mellon Corp boosted its stake in Ennis by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 339,928 shares of the industrial products company’s stock valued at $7,441,000 after buying an additional 1,254 shares during the period. American Century Companies Inc. grew its position in Ennis by 47.1% during the second quarter. American Century Companies Inc. now owns 274,947 shares of the industrial products company’s stock worth $6,019,000 after buying an additional 88,042 shares in the last quarter. AQR Capital Management LLC increased its stake in Ennis by 74.5% in the 2nd quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company’s stock worth $5,870,000 after acquiring an additional 114,516 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Ennis by 8.9% in the 1st quarter. Empowered Funds LLC now owns 117,621 shares of the industrial products company’s stock valued at $2,412,000 after acquiring an additional 9,615 shares in the last quarter. Institutional investors own 74.33% of the company’s stock.

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.