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

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $45.33 and last traded at $45.33, with a volume of 27351 shares traded. The stock had previously closed at $44.26.

Enerpac Tool Group Stock Up 2.7 %

The stock has a fifty day moving average of $42.12 and a 200 day moving average of $39.75. The firm has a market capitalization of $2.46 billion, a P/E ratio of 28.37 and a beta of 1.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.88 and a quick ratio of 2.31.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). The business had revenue of $158.71 million for the quarter, compared to the consensus estimate 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 last year, the business posted $0.42 earnings per share. On average, research analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Enerpac Tool Group Announces Dividend

The company also recently announced an annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, October 7th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a dividend yield of 0.1%. Enerpac Tool Group's payout ratio is presently 2.56%.

Insider Buying and Selling at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 1,938 shares of Enerpac Tool Group stock in a transaction on 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 directly owns 86,047 shares in the company, valued at approximately $3,800,695.99. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company's stock.

Hedge Funds Weigh In On Enerpac Tool Group

Several hedge funds have recently made changes to their positions in EPAC. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Enerpac Tool Group by 208.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,034,256 shares of the company's stock valued at $154,028,000 after purchasing an additional 2,726,293 shares in the last quarter. Champlain Investment Partners LLC grew its position in Enerpac Tool Group by 6.2% during the first quarter. Champlain Investment Partners LLC now owns 3,191,590 shares of the company's stock worth $113,812,000 after buying an additional 186,335 shares in the last quarter. Kingdon Capital Management L.L.C. purchased a new position in Enerpac Tool Group during the first quarter worth about $5,349,000. Kennedy Capital Management LLC grew its position in Enerpac Tool Group by 22.6% during the first quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company's stock worth $21,194,000 after buying an additional 109,463 shares in the last quarter. Finally, Sei Investments Co. grew its position in Enerpac Tool Group by 137.5% during the second quarter. Sei Investments Co. now owns 179,662 shares of the company's stock worth $6,859,000 after buying an additional 104,019 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other 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.