Teacher Retirement System of Texas Has $3.97 Million Holdings in Ennis, Inc. (NYSE:EBF)

Teacher Retirement System of Texas lifted its holdings in shares of Ennis, Inc. (NYSE:EBF) by 49.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,310 shares of the industrial products company’s stock after purchasing an additional 61,919 shares during the quarter. Teacher Retirement System of Texas owned 0.72% of Ennis worth $3,971,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in Ennis by 3.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,617,581 shares of the industrial products company’s stock worth $33,888,000 after acquiring an additional 50,792 shares during the period. Royce & Associates LP raised its stake in Ennis by 0.4% in the fourth quarter. Royce & Associates LP now owns 1,485,200 shares of the industrial products company’s stock valued at $31,323,000 after purchasing an additional 5,601 shares in the last quarter. Geode Capital Management LLC raised its stake in Ennis by 5.4% in the third quarter. Geode Capital Management LLC now owns 706,924 shares of the industrial products company’s stock valued at $17,195,000 after purchasing an additional 36,187 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Ennis by 6.3% during the fourth quarter. Bank of New York Mellon Corp now owns 349,421 shares of the industrial products company’s stock worth $7,369,000 after purchasing an additional 20,819 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Ennis by 282.8% during the third quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company’s stock worth $6,103,000 after buying an additional 185,373 shares in the last quarter. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Ennis Stock Performance

Shares of EBF stock opened at $19.64 on Tuesday. Ennis, Inc. has a fifty-two week low of $18.88 and a fifty-two week high of $25.75. The stock’s fifty day moving average price is $20.86 and its two-hundred day moving average price is $21.47. The company has a market cap of $510.77 million, a PE ratio of 12.35 and a beta of 0.40.

Ennis (NYSE:EBF) last released its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Ennis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.09%. Ennis’s dividend payout ratio (DPR) is presently 62.89%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Ennis from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st.

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.