Key Points
- Enersys CFO Andrea Funk bought 108 shares on May 29 at an average price of $228.47, increasing her direct holdings to 56,396 shares worth about $12.9 million.
- The company recently beat Q1 earnings and revenue estimates, reporting $3.19 EPS versus $3.00 expected and $987.94 million in revenue versus $973.84 million expected.
- Wall Street sentiment remains positive, with several analysts raising price targets and the stock carrying a Moderate Buy rating with an average target of $257.50.
Enersys (NYSE:ENS - Get Free Report) CFO Andrea Funk purchased 108 shares of the business's stock in a transaction dated Friday, May 29th. The shares were purchased at an average cost of $228.47 per share, with a total value of $24,674.76. Following the completion of the purchase, the chief financial officer directly owned 56,396 shares in the company, valued at approximately $12,884,794.12. This represents a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Enersys Stock Performance
Shares of NYSE ENS opened at $227.64 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.76 and a current ratio of 2.66. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 29.53, a P/E/G ratio of 1.26 and a beta of 1.17. The business's 50-day simple moving average is $205.18 and its 200-day simple moving average is $175.37. Enersys has a 52 week low of $80.82 and a 52 week high of $244.30.
Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The industrial products company reported $3.19 EPS for the quarter, beating analysts' consensus estimates of $3.00 by $0.19. The business had revenue of $987.94 million for the quarter, compared to analyst estimates of $973.84 million. Enersys had a return on equity of 21.39% and a net margin of 7.83%.The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.97 EPS. Enersys has set its Q1 2027 guidance at 2.700-2.900 EPS. As a group, equities research analysts expect that Enersys will post 12.07 earnings per share for the current fiscal year.
Enersys Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 19th will be issued a dividend of $0.2625 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.5%. Enersys's dividend payout ratio is currently 13.62%.
Institutional Trading of Enersys
Several institutional investors have recently modified their holdings of ENS. Norges Bank acquired a new stake in shares of Enersys during the 4th quarter worth approximately $78,599,000. LSV Asset Management grew its holdings in shares of Enersys by 298.9% during the 4th quarter. LSV Asset Management now owns 562,293 shares of the industrial products company's stock worth $82,516,000 after purchasing an additional 421,338 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Enersys by 257.8% during the 3rd quarter. Millennium Management LLC now owns 556,771 shares of the industrial products company's stock worth $62,893,000 after purchasing an additional 401,167 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Enersys by 342.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 392,781 shares of the industrial products company's stock worth $57,641,000 after purchasing an additional 304,018 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Enersys by 508.6% during the 4th quarter. Franklin Resources Inc. now owns 324,935 shares of the industrial products company's stock worth $47,684,000 after purchasing an additional 271,548 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on ENS. Oppenheimer increased their price objective on Enersys from $210.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 22nd. TD Cowen increased their price objective on Enersys from $220.00 to $265.00 and gave the company a "buy" rating in a report on Thursday, May 21st. BTIG Research increased their price objective on Enersys from $185.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, May 21st. Weiss Ratings reissued a "buy (b)" rating on shares of Enersys in a report on Friday, April 24th. Finally, Wall Street Zen lowered Enersys from a "strong-buy" rating to a "buy" rating in a report on Sunday. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $257.50.
Read Our Latest Stock Report on ENS
Enersys Company Profile
(
Get Free Report)
Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.
The company's product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.
Further Reading
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