Enerpac Tool Group (NYSE:EPAC) Stock Jumps 0.1% - Should You Buy?

Key Points

• EPAC shares rose 0.1% to about $35.18 on below-average trading volume, with a market capitalization of approximately $1.8 billion and a P/E ratio near 19.9.
• Analyst sentiment is mostly neutral: one analyst rates Enerpac Tool Group a Buy and three rate it Hold, producing an overall “Hold” consensus and an average price target of $50.
• The company declared a $0.04-per-share annual dividend payable October 16, while institutional investors and hedge funds own approximately 97.7% of outstanding shares.

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report) rose 0.1% during trading on Tuesday. The stock traded as high as $35.38 and last traded at $35.1750. 257,838 shares traded hands during trading, a decline of 43% from the average daily volume of 453,773 shares. The stock had previously closed at $35.15.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EPAC shares. Weiss Ratings restated a "hold (c)" rating on shares of Enerpac Tool Group in a research note on Friday, August 14th. Zacks Research raised Enerpac Tool Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 8th. Finally, Roth Capital reaffirmed a "buy" rating and set a $50.00 price objective on shares of Enerpac Tool Group in a research report on Thursday, July 9th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Enerpac Tool Group presently has an average rating of "Hold" and an average price target of $50.00.

Enerpac Tool Group Trading Up 0.1%

The firm has a market capitalization of $1.80 billion, a P/E ratio of 19.87 and a beta of 0.81. The company has a quick ratio of 2.04, a current ratio of 2.67 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $36.27 and a 200-day moving average of $35.52.

Enerpac Tool Group Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, October 6th will be paid a dividend of $0.04 per share. This represents a yield of 11.0%. The ex-dividend date is Tuesday, October 6th. Enerpac Tool Group's dividend payout ratio is presently 2.26%.

Hedge Funds Weigh In On Enerpac Tool Group

A number of institutional investors have recently modified their holdings of the business. Moody National Bank Trust Division increased its position in shares of Enerpac Tool Group by 2.6% during the 2nd quarter. Moody National Bank Trust Division now owns 17,210 shares of the company's stock valued at $617,000 after purchasing an additional 440 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Enerpac Tool Group by 8.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,685 shares of the company's stock valued at $280,000 after buying an additional 597 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Enerpac Tool Group by 9.0% in the first quarter. Janney Montgomery Scott LLC now owns 7,894 shares of the company's stock worth $288,000 after acquiring an additional 652 shares during the period. Aristides Capital LLC boosted its stake in Enerpac Tool Group by 12.9% in the 1st quarter. Aristides Capital LLC now owns 6,012 shares of the company's stock worth $219,000 after purchasing an additional 688 shares during the period. Finally, Versant Capital Management Inc grew its stake in Enerpac Tool Group by 567.4% during the third quarter. Versant Capital Management Inc now owns 941 shares of the company's stock valued at $33,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Company Profile

Enerpac Tool Group Corp. NYSE: EPAC is an industrial tools and services company that provides high-force hydraulic and mechanical equipment for demanding applications. Its products are used to lift, move, position, assemble, maintain and precisely control large or heavy structures and machinery.

The company offers hydraulic cylinders, pumps, jacks, torque wrenches, bolting equipment, hydraulic gantries, lifting systems and related tools. It also provides specialized maintenance, repair and field services through businesses such as Hydratight, which supports industrial bolting and joint integrity applications.

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