Enersys (NYSE:ENS) Hits New 12-Month High - Here's What Happened

Key Points

• Enersys shares reached a new 12-month high of $112.32, trading at $111.96 with a volume of 306,218 shares, indicating strong investor interest.
• Analysts have set a consensus price target of $118.33 for Enersys, with three firms rating the stock as a "Buy"; however, Wall Street Zen downgraded it to a "Hold."
• Enersys announced a quarterly dividend of $0.2625 per share, a positive increase from the previous $0.24, reflecting a commitment to returning value to shareholders.

Enersys (NYSE:ENS - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $112.32 and last traded at $111.96, with a volume of 306218 shares trading hands. The stock had previously closed at $109.99.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Oppenheimer reissued an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Roth Capital reaffirmed a "buy" rating and issued a $120.00 price objective on shares of Enersys in a report on Tuesday, August 5th. Finally, Wall Street Zen downgraded shares of Enersys from a "buy" rating to a "hold" rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Enersys currently has a consensus rating of "Buy" and a consensus price target of $118.33.

Enersys Stock Performance

The company has a market cap of $4.20 billion, a PE ratio of 12.78, a PEG ratio of 0.63 and a beta of 1.09. The business's 50-day moving average is $98.63 and its 200 day moving average is $92.14. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 3.00.

Enersys (NYSE:ENS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.03. The company had revenue of $893.00 million for the quarter, compared to analysts' expectations of $848.02 million. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 EPS. On average, equities research analysts predict that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 12th. This is a positive change from Enersys's previous quarterly dividend of $0.24. Enersys's payout ratio is presently 11.99%.

Institutional Investors Weigh In On Enersys

Hedge funds have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Enersys during the second quarter worth about $28,000. Caitong International Asset Management Co. Ltd boosted its stake in Enersys by 2,500.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company's stock worth $31,000 after acquiring an additional 325 shares in the last quarter. Gen Wealth Partners Inc bought a new stake in Enersys during the first quarter worth about $36,000. UMB Bank n.a. boosted its stake in Enersys by 197.2% during the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock worth $39,000 after acquiring an additional 284 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Enersys by 626.3% during the second quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company's stock worth $47,000 after acquiring an additional 476 shares in the last quarter. Institutional investors own 94.93% of the company's stock.

Enersys Company Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.

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