Enerpac Tool Group (NYSE:EPAC) Hits New 12-Month High - Here's What Happened

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The company traded as high as $45.17 and last traded at $44.95, with a volume of 62007 shares. The stock had previously closed at $43.74.

Enerpac Tool Group Stock Up 2.3 %

The company has a market capitalization of $2.43 billion, a PE ratio of 29.43 and a beta of 1.15. The company's fifty day moving average is $41.61 and its 200-day moving average is $39.29. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.20 and a current ratio of 2.85.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The company reported $0.50 earnings per share 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 business had revenue of $158.71 million during the quarter, compared to the consensus estimate of $156.70 million. During the same period last year, the company earned $0.42 EPS. As a group, analysts predict that Enerpac Tool Group Corp. will post 1.75 EPS for the current fiscal year.

Enerpac Tool Group Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were given a dividend of $0.04 per share. The ex-dividend date was Monday, October 7th. This represents a dividend yield of 0.1%. Enerpac Tool Group's dividend payout ratio is currently 2.63%.

Insider Activity at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 1,938 shares of Enerpac Tool Group stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total value of $85,601.46. Following the completion of the transaction, the director now owns 86,047 shares in the company, valued at approximately $3,800,695.99. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.87% of the stock is owned by insiders.

Institutional Investors Weigh In On Enerpac Tool Group

A number of institutional investors and hedge funds have recently bought and sold shares of EPAC. Exchange Traded Concepts LLC purchased a new position in Enerpac Tool Group during the third quarter valued at approximately $40,000. GAMMA Investing LLC lifted its holdings in shares of Enerpac Tool Group by 31.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,000 shares of the company's stock valued at $42,000 after purchasing an additional 238 shares during the last quarter. USA Financial Formulas boosted its stake in Enerpac Tool Group by 15.5% in the 3rd quarter. USA Financial Formulas now owns 1,895 shares of the company's stock worth $79,000 after purchasing an additional 254 shares in the last quarter. CWM LLC grew its stake in Enerpac Tool Group by 89.3% during the 2nd quarter. CWM LLC now owns 2,275 shares of the company's stock valued at $87,000 after purchasing an additional 1,073 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Enerpac Tool Group in the 2nd quarter valued at $204,000. 97.70% of the stock is owned by institutional investors.

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.