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 note issued to investors on Friday.

Ennis Trading Down 1.0 %

NYSE:EBF opened at $20.82 on Friday. 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 $20.80 and its 200 day simple moving average is $21.79. The firm has a market capitalization of $541.42 million, a PE ratio of 13.09 and a beta of 0.41.

Ennis (NYSE:EBF) last issued its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share for the quarter, meeting 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 business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date was Friday, January 10th. Ennis’s dividend payout ratio (DPR) is presently 62.89%.

Institutional Trading of Ennis

Hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new stake in Ennis in the 4th quarter valued at $65,000. FMR LLC boosted its holdings in Ennis by 34.6% in the 3rd 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 during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Ennis by 8,888.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 4,000 shares during the period. SG Americas Securities LLC bought a new position in shares of Ennis during the 3rd quarter worth about $103,000. Finally, CWM LLC lifted its holdings in shares of Ennis by 30.9% during the 3rd quarter. CWM LLC now owns 5,039 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 1,190 shares during the period. 74.33% of the stock is 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.