Enersys (NYSE:ENS) Hits New 52-Week High - Should You Buy?

Key Points

• Enersys, traded on NYSE under the ticker ENS, reached a new 52-week high price of $118.15, with a last trading price of $117.35.
• Several research analysts, including Oppenheimer and Roth Capital, have maintained a positive outlook on Enersys, with an average rating of "Buy" and a price target of $118.33.
• The company recently increased its quarterly dividend to $0.2625 per share, reflecting a 0.9% dividend yield and a payout ratio of 11.99%.

Enersys (NYSE:ENS - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $118.15 and last traded at $117.35, with a volume of 178690 shares. The stock had previously closed at $115.56.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ENS. Oppenheimer reiterated an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Roth Capital reiterated a "buy" rating and issued a $120.00 price objective on shares of Enersys in a research report on Tuesday, August 5th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Enersys in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Enersys from a "hold" rating to a "buy" rating in a research report on Sunday, September 28th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $118.33.

Enersys Trading Up 4.1%

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 3.00. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 0.62 and a beta of 1.09. The business has a fifty day simple moving average of $105.19 and a 200 day simple moving average of $93.84.

Enersys (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.03. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The firm had revenue of $893.00 million during the quarter, compared to the consensus estimate of $848.02 million. During the same quarter in the previous year, the company posted $1.98 EPS. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities analysts anticipate that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

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

Institutional Investors Weigh In On Enersys

A number of institutional investors have recently added to or reduced their stakes in ENS. Victory Capital Management Inc. increased its stake in Enersys by 1.0% during the first quarter. Victory Capital Management Inc. now owns 13,463 shares of the industrial products company's stock worth $1,233,000 after acquiring an additional 135 shares during the last quarter. Johnson Investment Counsel Inc. increased its position in Enersys by 6.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 2,806 shares of the industrial products company's stock worth $241,000 after purchasing an additional 176 shares in the last quarter. Assetmark Inc. raised its stake in shares of Enersys by 3.0% in the 1st quarter. Assetmark Inc. now owns 6,566 shares of the industrial products company's stock valued at $601,000 after acquiring an additional 193 shares during the period. Retirement Systems of Alabama raised its stake in shares of Enersys by 0.4% during the second quarter. Retirement Systems of Alabama now owns 48,191 shares of the industrial products company's stock valued at $4,133,000 after purchasing an additional 202 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Enersys by 3.6% in the first quarter. US Bancorp DE now owns 6,121 shares of the industrial products company's stock valued at $561,000 after purchasing an additional 211 shares during the period. Hedge funds and other institutional investors own 94.93% of the company's stock.

About Enersys

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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