Hill City Capital LP Purchases New Stake in Enersys $ENS

Key Points

• Hill City Capital LP acquired 190,000 Enersys shares worth approximately $44.4 million, giving it a 0.52% stake; institutional investors collectively own 94.93% of the company.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and a $265 average price target, well above the stock’s recent $185.28 price.
• Enersys exceeded quarterly earnings and revenue expectations, while year-over-year revenue rose 4.8%; the company also increased its quarterly dividend to $0.2875, or $1.15 annually.

Hill City Capital LP acquired a new stake in Enersys (NYSE:ENS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 190,000 shares of the industrial products company's stock, valued at approximately $44,425,800. Enersys comprises approximately 0.0% of Hill City Capital LP's investment portfolio, making the stock its 21st biggest position. Hill City Capital LP owned 0.52% of Enersys at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CIBC Private Wealth Group LLC grew its holdings in Enersys by 116.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 98 shares during the period. Allworth Financial LP lifted its stake in Enersys by 442.2% in the third quarter. Allworth Financial LP now owns 244 shares of the industrial products company's stock valued at $28,000 after buying an additional 199 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Enersys during the fourth quarter valued at $30,000. SBI Securities Co. Ltd. increased its holdings in shares of Enersys by 239.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 214 shares of the industrial products company's stock worth $31,000 after purchasing an additional 151 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in Enersys in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ENS. Weiss Ratings cut Enersys from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, June 26th. Roth Capital reissued a "buy" rating and set a $265.00 target price on shares of Enersys in a research report on Friday, May 22nd. TD Cowen raised their price objective on shares of Enersys from $220.00 to $265.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. BTIG Research reissued a "buy" rating and issued a $280.00 price objective on shares of Enersys in a research report on Thursday, August 13th. Finally, Zacks Research upgraded Enersys from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $265.00.

Enersys Stock Down 3.0%

Enersys stock traded down $5.70 during mid-day trading on Friday, reaching $185.28. The stock had a trading volume of 384,826 shares, compared to its average volume of 472,618. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.80 and a quick ratio of 1.83. Enersys has a one year low of $98.46 and a one year high of $244.30. The company has a 50-day moving average price of $200.43 and a two-hundred day moving average price of $198.28. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 0.96 and a beta of 1.19.

Enersys (NYSE:ENS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, beating analysts' consensus estimates of $2.83 by $0.83. Enersys had a return on equity of 24.02% and a net margin of 9.29%.The business had revenue of $935.64 million for the quarter, compared to analyst estimates of $928.01 million. During the same period in the prior year, the company earned $2.08 earnings per share. The company's revenue was up 4.8% on a year-over-year basis. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. On average, analysts expect that Enersys will post 13.41 EPS for the current fiscal year.

Enersys Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be given a $0.2875 dividend. The ex-dividend date is Friday, September 18th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Enersys's previous quarterly dividend of $0.26. Enersys's dividend payout ratio is 12.31%.

About Enersys

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company's product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.

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