Ennis (NYSE:EBF) Stock Rating Upgraded by StockNews.com

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

Ennis Stock Down 1.0 %

Shares of EBF stock opened at $20.82 on Friday. Ennis has a 12-month low of $18.88 and a 12-month high of $25.75. The company has a market capitalization of $541.42 million, a P/E ratio of 13.09 and a beta of 0.41. The firm has a 50-day moving average price of $20.80 and a 200 day moving average price of $21.79.

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

Institutional Investors Weigh In On Ennis

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position in Ennis by 5.3% in the 4th quarter. LPL Financial LLC now owns 11,953 shares of the industrial products company’s stock valued at $252,000 after acquiring an additional 604 shares in the last quarter. Invesco Ltd. increased its position in Ennis by 0.9% in the 4th quarter. Invesco Ltd. now owns 66,581 shares of the industrial products company’s stock valued at $1,404,000 after acquiring an additional 620 shares in the last quarter. GPS Wealth Strategies Group LLC increased its position in Ennis by 10.3% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 663 shares in the last quarter. FMR LLC increased its position 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 acquiring an additional 855 shares in the last quarter. Finally, CWM LLC increased its position in 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 acquiring an additional 1,190 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.