Norges Bank Buys Shares of 535,600 Enersys $ENS

Norges Bank bought a new stake in shares of Enersys (NYSE:ENS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 535,600 shares of the industrial products company’s stock, valued at approximately $78,599,000. Norges Bank owned approximately 1.45% of Enersys at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. PFG Investments LLC boosted its position in Enersys by 4.2% during the 4th quarter. PFG Investments LLC now owns 1,939 shares of the industrial products company’s stock valued at $285,000 after acquiring an additional 78 shares in the last quarter. Merit Financial Group LLC boosted its position in Enersys by 3.8% during the 3rd quarter. Merit Financial Group LLC now owns 2,662 shares of the industrial products company’s stock valued at $301,000 after acquiring an additional 97 shares in the last quarter. Vise Technologies Inc. boosted its position in Enersys by 3.8% during the 3rd quarter. Vise Technologies Inc. now owns 2,729 shares of the industrial products company’s stock valued at $308,000 after acquiring an additional 100 shares in the last quarter. Cardinal Capital Management boosted its position in Enersys by 0.9% during the 4th quarter. Cardinal Capital Management now owns 11,710 shares of the industrial products company’s stock valued at $1,718,000 after acquiring an additional 105 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in Enersys by 1.5% during the 4th quarter. ProShare Advisors LLC now owns 8,293 shares of the industrial products company’s stock valued at $1,217,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 94.93% of the company’s stock.

Wall Street Analyst Weigh In

ENS has been the topic of several recent research reports. BTIG Research increased their target price on Enersys from $185.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enersys in a research report on Friday, April 24th. Wall Street Zen lowered Enersys from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 31st. TD Cowen increased their price objective on Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Oppenheimer increased their price objective on Enersys from $210.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $257.50.

Enersys Stock Performance

Shares of ENS opened at $226.36 on Friday. Enersys has a 12 month low of $80.82 and a 12 month high of $244.30. The stock has a fifty day moving average price of $210.20 and a 200-day moving average price of $177.84. The company has a current ratio of 2.66, a quick ratio of 1.76 and a debt-to-equity ratio of 0.57. The firm has a market cap of $8.27 billion, a PE ratio of 29.36, a P/E/G ratio of 1.25 and a beta of 1.17.

Enersys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, May 20th. The industrial products company reported $3.19 EPS for the quarter, beating the consensus estimate of $3.00 by $0.19. Enersys had a return on equity of 21.39% and a net margin of 7.83%.The firm had revenue of $987.94 million during the quarter, compared to analyst estimates of $973.84 million. During the same quarter in the prior year, the business posted $2.97 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. Enersys has set its Q1 2027 guidance at 2.700-2.900 EPS. Equities research analysts predict that Enersys will post 12.07 earnings per share for the current fiscal year.

Enersys Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 19th will be paid a $0.2625 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.05 dividend on an annualized basis and a yield of 0.5%. Enersys’s dividend payout ratio (DPR) is 13.62%.

About Enersys

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.