Enerpac Tool Group (NYSE:EPAC) Sets New 12-Month High – Here’s Why

Enerpac Tool Group Corp. (NYSE:EPAC) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $44.19 and last traded at $44.19, with a volume of 107372 shares traded. The stock had previously closed at $43.06.

Enerpac Tool Group Stock Performance

The company has a quick ratio of 2.20, a current ratio of 2.85 and a debt-to-equity ratio of 0.52. The stock has a market cap of $2.39 billion, a P/E ratio of 28.97 and a beta of 1.15. The stock has a fifty day simple moving average of $41.30 and a 200-day simple moving average of $39.05.

Enerpac Tool Group (NYSE:EPAC) last issued its earnings results on Tuesday, October 15th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Enerpac Tool Group had a return on equity of 26.80% and a net margin of 14.13%. The company had revenue of $158.71 million for the quarter, compared to the consensus estimate of $156.70 million. During the same quarter last year, the business posted $0.42 EPS. Equities analysts expect that Enerpac Tool Group Corp. will post 1.75 earnings per share for the current fiscal year.

Enerpac Tool Group Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were issued a dividend of $0.04 per share. This represents a dividend yield of 0.1%. The ex-dividend date was Monday, October 7th. Enerpac Tool Group’s dividend payout ratio (DPR) is presently 2.63%.

Hedge Funds Weigh In On Enerpac Tool Group

Several institutional investors have recently modified their holdings of EPAC. GAMMA Investing LLC lifted its stake in Enerpac Tool Group by 90.1% in the 1st quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $33,000 after acquiring an additional 444 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Enerpac Tool Group during the 3rd quarter worth approximately $40,000. USA Financial Formulas grew its holdings in Enerpac Tool Group by 15.5% in the 3rd quarter. USA Financial Formulas now owns 1,895 shares of the company’s stock valued at $79,000 after buying an additional 254 shares in the last quarter. CWM LLC grew its holdings in Enerpac Tool Group by 89.3% in the 2nd quarter. CWM LLC now owns 2,275 shares of the company’s stock valued at $87,000 after buying an additional 1,073 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Enerpac Tool Group during the 2nd quarter valued at $204,000. Institutional investors own 97.70% of the company’s stock.

About Enerpac Tool Group

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.