Pullen Investment Management LLC Grows Stock Position in Preformed Line Products Company (NASDAQ:PLPC)

Pullen Investment Management LLC raised its stake in Preformed Line Products Company (NASDAQ:PLPC - Free Report) by 128.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,820 shares of the technology company's stock after acquiring an additional 6,082 shares during the period. Pullen Investment Management LLC owned approximately 0.22% of Preformed Line Products worth $1,516,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Royce & Associates LP grew its position in shares of Preformed Line Products by 3.1% during the fourth quarter. Royce & Associates LP now owns 314,094 shares of the technology company's stock valued at $40,138,000 after purchasing an additional 9,458 shares in the last quarter. Geode Capital Management LLC boosted its stake in Preformed Line Products by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 64,704 shares of the technology company's stock valued at $8,271,000 after buying an additional 381 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Preformed Line Products by 2.6% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,803 shares of the technology company's stock valued at $7,642,000 after buying an additional 1,542 shares during the last quarter. American Century Companies Inc. grew its holdings in Preformed Line Products by 160.8% during the 4th quarter. American Century Companies Inc. now owns 49,057 shares of the technology company's stock valued at $6,269,000 after buying an additional 30,245 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Preformed Line Products by 0.4% during the 4th quarter. Invesco Ltd. now owns 41,204 shares of the technology company's stock valued at $5,265,000 after buying an additional 172 shares in the last quarter. 41.19% of the stock is currently owned by institutional investors.

Preformed Line Products Price Performance

Preformed Line Products stock traded down $0.90 during mid-day trading on Tuesday, reaching $153.31. 182,199 shares of the company's stock traded hands, compared to its average volume of 25,641. Preformed Line Products Company has a 12-month low of $109.01 and a 12-month high of $157.09. The company has a quick ratio of 1.81, a current ratio of 3.08 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $140.87 and a two-hundred day moving average of $136.76. The company has a market cap of $757.35 million, a price-to-earnings ratio of 19.43 and a beta of 0.75.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $2.33 earnings per share for the quarter. Preformed Line Products had a net margin of 6.49% and a return on equity of 9.16%. The firm had revenue of $148.54 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Preformed Line Products from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th.

Preformed Line Products Profile

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices.