Enerpac Tool Group (NYSE:EPAC) Sets New 52-Week High - What's Next?

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $51.91 and last traded at $51.91, with a volume of 25817 shares. The stock had previously closed at $50.90.

Enerpac Tool Group Stock Performance

The company has a quick ratio of 2.31, a current ratio of 2.88 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 33.06 and a beta of 1.14. The company's 50-day simple moving average is $43.14 and its 200-day simple moving average is $40.33.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). The firm had revenue of $158.71 million for the quarter, compared to analysts' expectations of $156.70 million. Enerpac Tool Group had a return on equity of 26.70% and a net margin of 14.55%. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Insider Buying and Selling at Enerpac Tool Group

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,938 shares of the business's stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $44.17, for a total transaction of $85,601.46. Following the completion of the transaction, the director now owns 86,047 shares of the company's stock, valued at $3,800,695.99. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.87% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EPAC. Texas Permanent School Fund Corp grew its stake in Enerpac Tool Group by 0.9% during the first quarter. Texas Permanent School Fund Corp now owns 47,373 shares of the company's stock worth $1,689,000 after buying an additional 429 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Enerpac Tool Group by 1.1% in the first quarter. Illinois Municipal Retirement Fund now owns 31,594 shares of the company's stock valued at $1,127,000 after purchasing an additional 334 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Enerpac Tool Group during the first quarter worth $635,000. Sei Investments Co. increased its position in shares of Enerpac Tool Group by 55.9% during the first quarter. Sei Investments Co. now owns 75,643 shares of the company's stock worth $2,697,000 after acquiring an additional 27,123 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Enerpac Tool Group by 7.3% during the first quarter. ProShare Advisors LLC now owns 11,000 shares of the company's stock worth $392,000 after acquiring an additional 751 shares in the last quarter. Institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Company Profile

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.