Preformed Line Products (NASDAQ:PLPC) Hits New 12-Month High - Time to Buy?

Preformed Line Products Company (NASDAQ:PLPC - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $171.94 and last traded at $167.60, with a volume of 275813 shares changing hands. The stock had previously closed at $168.43.

Analyst Ratings Changes

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 Stock Performance

The company has a fifty day moving average price of $148.66 and a two-hundred day moving average price of $140.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.08 and a quick ratio of 1.81. The company has a market capitalization of $827.94 million, a P/E ratio of 21.24 and a beta of 0.77.

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

Preformed Line Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Investors of record on Tuesday, July 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Preformed Line Products's dividend payout ratio is 10.14%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Royce & Associates LP lifted its position in shares of Preformed Line Products by 3.1% in the 4th quarter. Royce & Associates LP now owns 314,094 shares of the technology company's stock worth $40,138,000 after purchasing an additional 9,458 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Preformed Line Products by 15,654.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 217,571 shares of the technology company's stock valued at $30,480,000 after buying an additional 216,190 shares during the period. Vanguard Group Inc. lifted its holdings in Preformed Line Products by 172.8% in the first quarter. Vanguard Group Inc. now owns 185,201 shares of the technology company's stock valued at $25,945,000 after buying an additional 117,323 shares during the period. Nuveen LLC bought a new stake in Preformed Line Products during the first quarter valued at $15,339,000. Finally, American Century Companies Inc. grew its holdings in Preformed Line Products by 47.0% during the 1st quarter. American Century Companies Inc. now owns 72,137 shares of the technology company's stock worth $10,106,000 after acquiring an additional 23,080 shares during the period. 41.19% of the stock is owned by institutional investors.

About Preformed Line Products

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.

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