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

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

Ennis Price Performance

NYSE EBF opened at $20.75 on Wednesday. Ennis has a fifty-two week low of $18.88 and a fifty-two week high of $25.75. The business has a fifty day moving average price of $20.97 and a two-hundred day moving average price of $22.01. The stock has a market capitalization of $539.60 million, a PE ratio of 13.05 and a beta of 0.41.

Ennis (NYSE:EBF) last released its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 earnings per share (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 announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Friday, January 10th. Ennis’s dividend payout ratio is presently 62.89%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of EBF. The Manufacturers Life Insurance Company grew its stake in Ennis by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 10,786 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 534 shares during the period. Creative Planning grew its position in Ennis by 104.4% in the 2nd quarter. Creative Planning now owns 30,886 shares of the industrial products company’s stock valued at $676,000 after purchasing an additional 15,772 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Ennis during the second quarter worth $543,000. SG Americas Securities LLC acquired a new position in shares of Ennis during the third quarter valued at about $103,000. Finally, Diversified Trust Co increased its holdings in Ennis by 44.8% during the 3rd quarter. Diversified Trust Co now owns 14,082 shares of the industrial products company’s stock worth $342,000 after purchasing an additional 4,354 shares in the last quarter. Institutional investors and hedge funds 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.