Preformed Line Products (NASDAQ:PLPC) Hits New 52-Week High - Time to Buy?

Preformed Line Products Company (NASDAQ:PLPC - Get Free Report) reached 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 traded. The stock had previously closed at $168.43.

Analyst Ratings Changes

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

Preformed Line Products Trading Down 0.2%

The business's 50-day moving average price is $149.26 and its 200 day moving average price is $140.56. 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 firm has a market capitalization of $826.56 million, a price-to-earnings ratio of 21.21 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. The business had revenue of $148.54 million for the quarter. Preformed Line Products had a net margin of 6.49% and a return on equity of 9.16%.

Preformed Line Products Dividend Announcement

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

Institutional Trading of Preformed Line Products

Several institutional investors have recently added to or reduced their stakes in PLPC. Charles Schwab Investment Management Inc. raised its holdings in Preformed Line Products by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,760 shares of the technology company's stock valued at $4,186,000 after acquiring an additional 186 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Preformed Line Products by 1.6% in the fourth quarter. Victory Capital Management Inc. now owns 17,293 shares of the technology company's stock valued at $2,210,000 after acquiring an additional 270 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Preformed Line Products in the fourth quarter valued at $1,764,000. Royce & Associates LP raised its holdings in Preformed Line Products by 3.1% in the fourth quarter. Royce & Associates LP now owns 314,094 shares of the technology company's stock valued at $40,138,000 after acquiring an additional 9,458 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Preformed Line Products by 160.8% in the fourth quarter. American Century Companies Inc. now owns 49,057 shares of the technology company's stock valued at $6,269,000 after acquiring an additional 30,245 shares in the last quarter. 41.19% of the stock is owned by institutional investors and hedge funds.

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.