Ennis (NYSE:EBF) Sets New 12-Month High at $23.78

Ennis, Inc. (NYSE:EBF)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.78 and last traded at $23.60, with a volume of 13625 shares trading hands. The stock had previously closed at $23.65.

Analysts Set New Price Targets

Separately, StockNews.com raised Ennis from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th.

Ennis Trading Up 0.8 %

The company has a market cap of $614.17 million, a price-to-earnings ratio of 14.66 and a beta of 0.41. The company’s 50 day moving average price is $21.66 and its 200 day moving average price is $20.71.

Ennis (NYSE:EBF) last announced its quarterly earnings data on Monday, June 17th. The industrial products company reported $0.41 EPS for the quarter. Ennis had a net margin of 10.11% and a return on equity of 11.94%. The firm had revenue of $103.11 million during the quarter.

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Friday, July 5th will be paid a $0.25 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.23%. Ennis’s dividend payout ratio (DPR) is presently 62.50%.

Hedge Funds Weigh In On Ennis

A number of large investors have recently made changes to their positions in EBF. Unison Advisors LLC grew its position in Ennis by 1.3% during the second quarter. Unison Advisors LLC now owns 38,019 shares of the industrial products company’s stock worth $832,000 after buying an additional 476 shares during the period. EMC Capital Management raised its holdings in Ennis by 10.9% during the first quarter. EMC Capital Management now owns 9,848 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 971 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its position in Ennis by 40.5% during the second quarter. GPS Wealth Strategies Group LLC now owns 5,924 shares of the industrial products company’s stock worth $130,000 after purchasing an additional 1,707 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Ennis by 6.9% in the first quarter. Commonwealth Equity Services LLC now owns 27,579 shares of the industrial products company’s stock valued at $566,000 after purchasing an additional 1,792 shares during the last quarter. Finally, CWM LLC grew its holdings in Ennis by 97.0% in the second quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 1,895 shares during the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Ennis Company Profile

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.