Preformed Line Products Company (NASDAQ:PLPC - Get Free Report) saw an uptick in trading volume on Monday . 79,799 shares traded hands during mid-day trading, an increase of 117% from the previous session's volume of 36,719 shares.The stock last traded at $166.88 and had previously closed at $167.32.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Preformed Line Products from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th.
Get Our Latest Stock Report on Preformed Line Products
Preformed Line Products Stock Down 2.2%
The company has a current ratio of 3.08, a quick ratio of 1.81 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $756.86 million, a P/E ratio of 19.42 and a beta of 0.77. The company's fifty day simple moving average is $151.01 and its 200 day simple moving average is $141.11.
Preformed Line Products (NASDAQ:PLPC - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $2.33 earnings per share (EPS) for the quarter. The company had revenue of $148.54 million during the quarter. Preformed Line Products had a net margin of 6.49% and a return on equity of 9.16%.
Preformed Line Products Announces Dividend
The firm also recently declared 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 0.52%. Preformed Line Products's payout ratio is 10.14%.
Institutional Trading of Preformed Line Products
Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in Preformed Line Products by 28.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,409 shares of the technology company's stock valued at $180,000 after purchasing an additional 314 shares during the last quarter. Southland Equity Partners LLC purchased a new stake in Preformed Line Products during the 2nd quarter valued at about $221,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Preformed Line Products during the 1st quarter valued at about $308,000. New York State Common Retirement Fund grew its position in Preformed Line Products by 121.1% during the 1st quarter. New York State Common Retirement Fund now owns 2,921 shares of the technology company's stock valued at $409,000 after purchasing an additional 1,600 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Preformed Line Products by 30,720.0% during the 1st quarter. GAMMA Investing LLC now owns 3,082 shares of the technology company's stock valued at $432,000 after purchasing an additional 3,072 shares during the last quarter. 41.19% of the stock is owned by hedge funds and other institutional investors.
About Preformed Line Products
(
Get Free Report)
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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