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

Enerpac Tool Group Corp. (NYSE:EPAC)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $43.32 and last traded at $43.11, with a volume of 20384 shares trading hands. The stock had previously closed at $42.52.

Enerpac Tool Group Price Performance

The stock has a market capitalization of $2.35 billion, a P/E ratio of 27.96 and a beta of 1.15. The company’s 50 day simple moving average is $40.74 and its two-hundred day simple moving average is $38.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.85 and a quick ratio of 2.20.

Enerpac Tool Group Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Friday, October 18th. Investors of record on Monday, October 7th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, October 7th. This represents a yield of 0.1%. Enerpac Tool Group’s dividend payout ratio is 2.63%.

Hedge Funds Weigh In On Enerpac Tool Group

A number of institutional investors and hedge funds have recently bought and sold shares of EPAC. GAMMA Investing LLC increased its position in Enerpac Tool Group by 31.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock valued at $42,000 after acquiring an additional 238 shares in the last quarter. XTX Topco Ltd grew its position in shares of Enerpac Tool Group by 3.5% during the 2nd quarter. XTX Topco Ltd now owns 7,497 shares of the company’s stock worth $286,000 after buying an additional 251 shares during the period. USA Financial Formulas raised its stake in shares of Enerpac Tool Group by 15.5% during the third quarter. USA Financial Formulas now owns 1,895 shares of the company’s stock worth $79,000 after buying an additional 254 shares during the last quarter. Arizona State Retirement System lifted its holdings in Enerpac Tool Group by 2.1% in the second quarter. Arizona State Retirement System now owns 15,188 shares of the company’s stock valued at $580,000 after buying an additional 312 shares during the period. Finally, Illinois Municipal Retirement Fund grew its holdings in Enerpac Tool Group by 1.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 31,594 shares of the company’s stock worth $1,127,000 after acquiring an additional 334 shares during the period. Institutional investors and hedge funds 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.