Enerpac Tool Group (NYSE:EPAC) Reaches New 52-Week Low – What’s Next?

Enerpac Tool Group Corp. (NYSE:EPAC)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $33.64 and last traded at $33.6460, with a volume of 241931 shares traded. The stock had previously closed at $34.66.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Enerpac Tool Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $51.00.

Enerpac Tool Group Trading Down 2.9%

The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 21.03 and a beta of 0.89. The business has a 50 day moving average price of $35.79 and a 200-day moving average price of $38.55.

Enerpac Tool Group (NYSE:EPAC) last posted its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Enerpac Tool Group had a return on equity of 22.25% and a net margin of 13.69%.The business had revenue of $154.81 million during the quarter, compared to analyst estimates of $147.80 million. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, research analysts expect that Enerpac Tool Group Corp. will post 1.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Enerpac Tool Group

A number of large investors have recently modified their holdings of EPAC. M&T Bank Corp grew its stake in shares of Enerpac Tool Group by 2,163.1% in the fourth quarter. M&T Bank Corp now owns 1,124,267 shares of the company’s stock valued at $42,992,000 after buying an additional 1,074,588 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Enerpac Tool Group by 1,570.4% in the fourth quarter. Bessemer Group Inc. now owns 605,202 shares of the company’s stock valued at $23,142,000 after purchasing an additional 568,972 shares during the last quarter. Cooke & Bieler LP boosted its holdings in Enerpac Tool Group by 46.2% in the third quarter. Cooke & Bieler LP now owns 1,546,003 shares of the company’s stock valued at $63,386,000 after purchasing an additional 488,209 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Enerpac Tool Group by 92.7% in the fourth quarter. Brown Advisory Inc. now owns 864,054 shares of the company’s stock valued at $33,041,000 after purchasing an additional 415,723 shares during the last quarter. Finally, Capital International Investors boosted its holdings in Enerpac Tool Group by 9.8% in the third quarter. Capital International Investors now owns 4,530,064 shares of the company’s stock valued at $185,733,000 after purchasing an additional 403,834 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

About Enerpac Tool Group

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.