Ennis (NYSE:EBF) Upgraded to “Strong-Buy” 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 Thursday.

Ennis Trading Up 0.9 %

Shares of Ennis stock opened at $19.67 on Thursday. Ennis has a 1 year low of $18.88 and a 1 year high of $23.17. The firm has a market capitalization of $509.06 million, a PE ratio of 11.99 and a beta of 0.44. The firm’s 50 day moving average is $19.97 and its 200 day moving average is $20.82.

Ennis (NYSE:EBF) last posted its earnings results on Monday, April 22nd. The industrial products company reported $0.39 earnings per share for the quarter. Ennis had a net margin of 10.14% and a return on equity of 12.43%. The firm had revenue of $97.43 million for the quarter.

Ennis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date is Friday, April 12th. Ennis’s payout ratio is 60.98%.

Institutional Investors Weigh In On Ennis

Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ennis by 101.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,343 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 3,199 shares during the last quarter. CWM LLC boosted its stake in shares of Ennis by 470.3% in the 3rd quarter. CWM LLC now owns 8,178 shares of the industrial products company’s stock valued at $174,000 after purchasing an additional 6,744 shares during the last quarter. EMC Capital Management boosted its stake in shares of Ennis by 123.9% in the 3rd quarter. EMC Capital Management now owns 8,877 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 4,912 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Ennis in the 3rd quarter valued at $204,000. Finally, Jump Financial LLC bought a new stake in shares of Ennis in the 4th quarter valued at $214,000. 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.