Birmingham Capital Management Co. Inc. AL Buys New Stake in Proto Labs, Inc. $PRLB

Birmingham Capital Management Co. Inc. AL purchased a new position in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,200 shares of the industrial products company's stock, valued at approximately $1,833,000. Birmingham Capital Management Co. Inc. AL owned approximately 0.08% of Proto Labs as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC acquired a new position in Proto Labs in the 2nd quarter worth about $8,882,000. Quantinno Capital Management LP grew its holdings in Proto Labs by 98.9% in the first quarter. Quantinno Capital Management LP now owns 27,716 shares of the industrial products company's stock valued at $1,580,000 after purchasing an additional 13,781 shares during the period. State of Wyoming purchased a new stake in shares of Proto Labs in the second quarter valued at approximately $1,334,000. Puzo Michael J purchased a new stake in shares of Proto Labs in the second quarter valued at approximately $8,304,000. Finally, Somerville Kurt F acquired a new position in shares of Proto Labs during the 2nd quarter worth approximately $8,344,000. Institutional investors and hedge funds own 84.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Benchmark increased their target price on Proto Labs from $70.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Weiss Ratings cut shares of Proto Labs from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 18th. Zacks Research raised shares of Proto Labs from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. Needham & Company LLC upgraded shares of Proto Labs from a "hold" rating to a "buy" rating and set a $87.00 target price on the stock in a research report on Monday, August 3rd. Finally, Wall Street Zen cut shares of Proto Labs from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $89.00.

Proto Labs Price Performance

NYSE PRLB opened at $78.63 on Thursday. The stock's 50 day simple moving average is $80.47 and its 200-day simple moving average is $70.82. The company has a market cap of $1.88 billion, a PE ratio of 62.90 and a beta of 1.40. Proto Labs, Inc. has a 1-year low of $45.10 and a 1-year high of $93.00.

Proto Labs (NYSE:PRLB - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.53 by $0.07. Proto Labs had a return on equity of 4.80% and a net margin of 5.44%.The firm had revenue of $149.34 million during the quarter, compared to analysts' expectations of $144.53 million. During the same period in the previous year, the business earned $0.41 earnings per share. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. On average, equities research analysts anticipate that Proto Labs, Inc. will post 1.46 EPS for the current fiscal year.

Insider Activity

In other news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $77.28, for a total value of $154,560.00. Following the completion of the sale, the director directly owned 32,505 shares in the company, valued at $2,511,986.40. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by insiders.

Proto Labs Company Profile

Proto Labs, Inc is a digital manufacturing company that offers on-demand production services for custom parts and prototypes. Utilizing technologies such as 3D printing (additive manufacturing), CNC machining and injection molding, the company transforms digital CAD designs into functional parts on accelerated timelines. Its platform-driven process combines automated quoting, rapid tool generation and manufacturing execution to serve product developers, engineers and small- to medium-sized production runs.

Founded in 1999 by Larry Lukis, Proto Labs has championed the application of digital workflows to traditional manufacturing methods.

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