Teacher Retirement System of Texas Acquires 22,047 Shares of Ennis, Inc. (NYSE:EBF)

Teacher Retirement System of Texas increased its holdings in Ennis, Inc. (NYSE:EBF - Free Report) by 11.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 210,357 shares of the industrial products company's stock after purchasing an additional 22,047 shares during the period. Teacher Retirement System of Texas owned approximately 0.81% of Ennis worth $4,226,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Ennis by 2.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,649,924 shares of the industrial products company's stock worth $33,196,000 after purchasing an additional 32,343 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Ennis during the 1st quarter valued at $427,000. Diversified Trust Co boosted its position in Ennis by 77.6% during the 1st quarter. Diversified Trust Co now owns 17,276 shares of the industrial products company's stock valued at $347,000 after buying an additional 7,548 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Ennis by 968.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 279,764 shares of the industrial products company's stock valued at $5,620,000 after buying an additional 253,569 shares during the period. Finally, SummerHaven Investment Management LLC boosted its position in Ennis by 2.0% during the 1st quarter. SummerHaven Investment Management LLC now owns 35,627 shares of the industrial products company's stock valued at $716,000 after buying an additional 693 shares during the period. Hedge funds and other institutional investors own 74.33% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Ennis from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 22nd.

Insider Activity

In related news, Director Michael J. Schaefer sold 9,612 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $17.94, for a total value of $172,439.28. Following the completion of the transaction, the director directly owned 49,987 shares in the company, valued at $896,766.78. This trade represents a 16.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 19,873 shares of company stock valued at $357,330. 3.70% of the stock is owned by company insiders.

Ennis Price Performance

EBF traded down $0.57 during trading on Friday, hitting $18.21. 120,218 shares of the stock traded hands, compared to its average volume of 161,287. The firm has a market capitalization of $469.69 million, a P/E ratio of 11.98 and a beta of 0.46. The firm has a 50-day moving average of $18.71 and a 200 day moving average of $19.73. Ennis, Inc. has a 12-month low of $17.15 and a 12-month high of $25.75.

Ennis (NYSE:EBF - Get Free Report) last issued its quarterly earnings data on Monday, June 23rd. The industrial products company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. Ennis had a net margin of 10.12% and a return on equity of 12.49%. The business had revenue of $97.20 million during the quarter, compared to analyst estimates of $99.30 million.

Ennis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Friday, July 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 5.49%. Ennis's dividend payout ratio (DPR) is presently 65.79%.

Ennis Company Profile

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.