Enerpac Tool Group (NYSE:EPAC) Trading 4.7% Higher – Should You Buy?

Enerpac Tool Group Corp. (NYSE:EPAC)’s share price was up 4.7% during trading on Tuesday . The stock traded as high as $46.67 and last traded at $45.44. Approximately 56,106 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 312,113 shares. The stock had previously closed at $43.38.

Wall Street Analysts Forecast Growth

Separately, CJS Securities began coverage on Enerpac Tool Group in a research note on Friday, March 14th. They set an “outperform” rating and a $53.00 target price on the stock.

Enerpac Tool Group Price Performance

The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average price is $44.75 and its 200 day moving average price is $44.55. The stock has a market cap of $2.54 billion, a PE ratio of 28.34 and a beta of 1.18.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. As a group, equities analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. purchased a new stake in Enerpac Tool Group during the fourth quarter valued at $29,000. Quarry LP increased its holdings in shares of Enerpac Tool Group by 110.7% in the 3rd quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after buying an additional 436 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of Enerpac Tool Group during the 4th quarter valued at about $36,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Enerpac Tool Group in the 3rd quarter valued at about $42,000. Finally, Venturi Wealth Management LLC purchased a new position in Enerpac Tool Group in the fourth quarter worth about $51,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

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.