The Ensign Group (NASDAQ:ENSG) Reaches New 52-Week High - What's Next?

Key Points

• The Ensign Group's stock reached a new 52-week high of $179.27, with a last traded price of $178.56 and a trading volume of 185,568 shares.
• Analysts have set target prices for the stock ranging from $170.00 to $205.00, with a consensus rating of "Moderate Buy" and an average target price of $176.83.
• The company recently announced a quarterly dividend of $0.0625 per share, payable on October 31st, representing an annual yield of 0.1% and a payout ratio of 4.54%.

The Ensign Group, Inc. (NASDAQ:ENSG - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $179.27 and last traded at $178.56, with a volume of 185568 shares traded. The stock had previously closed at $177.01.

Analysts Set New Price Targets

A number of brokerages recently commented on ENSG. Truist Financial set a $190.00 target price on shares of The Ensign Group in a research note on Tuesday. Weiss Ratings reiterated a "buy (b)" rating on shares of The Ensign Group in a research note on Wednesday, October 8th. UBS Group boosted their target price on shares of The Ensign Group from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Finally, Stephens boosted their target price on shares of The Ensign Group from $165.00 to $170.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $176.83.

The Ensign Group Stock Up 0.6%

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.41 and a quick ratio of 1.41. The firm's 50 day moving average price is $169.38 and its two-hundred day moving average price is $151.18. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 32.30, a P/E/G ratio of 2.01 and a beta of 0.93.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.54 by $0.05. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The firm's revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.32 EPS. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. As a group, sell-side analysts forecast that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.25 annualized dividend and a yield of 0.1%. The Ensign Group's dividend payout ratio is currently 4.54%.

Insider Buying and Selling

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $172.06, for a total transaction of $120,442.00. Following the completion of the sale, the director directly owned 27,052 shares of the company's stock, valued at $4,654,567.12. This represents a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ENSG. GAMMA Investing LLC raised its holdings in The Ensign Group by 14.2% during the first quarter. GAMMA Investing LLC now owns 2,614 shares of the company's stock worth $338,000 after purchasing an additional 326 shares in the last quarter. SG Americas Securities LLC purchased a new position in The Ensign Group during the first quarter worth about $343,000. Fifth Third Bancorp raised its holdings in The Ensign Group by 19.8% during the first quarter. Fifth Third Bancorp now owns 2,806 shares of the company's stock worth $363,000 after purchasing an additional 464 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in The Ensign Group during the first quarter worth about $36,000. Finally, QRG Capital Management Inc. grew its position in The Ensign Group by 1.6% during the first quarter. QRG Capital Management Inc. now owns 5,825 shares of the company's stock worth $754,000 after buying an additional 92 shares during the period. 96.12% of the stock is owned by hedge funds and other institutional investors.

The Ensign Group Company Profile

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.

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