Legal & General Group Plc bought a new stake in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 56,739 shares of the industrial products company's stock, valued at approximately $4,625,000. Legal & General Group Plc owned approximately 0.24% of Proto Labs at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in PRLB. Rice Hall James & Associates LLC purchased a new stake in Proto Labs during the second quarter valued at approximately $8,882,000. Quantinno Capital Management LP increased its position in shares of Proto Labs by 98.9% during the 1st 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 last quarter. State of Wyoming bought a new position in shares of Proto Labs during the 2nd quarter valued at approximately $1,334,000. BlackRock Inc. purchased a new stake in Proto Labs during the 2nd quarter valued at $317,581,000. Finally, Bastion Asset Management Inc. purchased a new stake in Proto Labs during the 1st quarter valued at $1,605,000. Institutional investors own 84.54% of the company's stock.
Proto Labs Stock Performance
Proto Labs stock opened at $79.46 on Friday. The company has a market capitalization of $1.90 billion, a PE ratio of 63.57 and a beta of 1.42. The company has a 50 day moving average price of $80.32 and a 200-day moving average price of $71.36. Proto Labs, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $93.00.
Proto Labs (NYSE:PRLB - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.07. The company had revenue of $149.34 million for the quarter, compared to analysts' expectations of $144.53 million. Proto Labs had a return on equity of 4.80% and a net margin of 5.44%.Proto Labs's revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. On average, analysts forecast that Proto Labs, Inc. will post 1.46 earnings per share for the current year.
Analysts Set New Price Targets
Several research analysts have commented on PRLB shares. Zacks Research raised shares of Proto Labs from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Proto Labs from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. Needham & Company LLC upgraded shares of Proto Labs from a "hold" rating to a "buy" rating and set a $87.00 target price for the company in a report on Monday, August 3rd. Weiss Ratings downgraded shares of Proto Labs from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 18th. Finally, Benchmark increased their price objective on shares of Proto Labs from $70.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat, Proto Labs currently has an average rating of "Buy" and an average price target of $89.00.
Read Our Latest Report on PRLB
Proto Labs Profile
(
Free Report)
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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