Preformed Line Products Company (NASDAQ:PLPC - Get Free Report) shares saw an uptick in trading volume on Monday . 79,799 shares were traded 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 Preformed Line Products from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th.
Read Our Latest Research Report on Preformed Line Products
Preformed Line Products Stock Performance
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 $835.75 million, a price-to-earnings ratio of 21.44 and a beta of 0.77. The stock has a 50 day simple moving average of $149.26 and a two-hundred day simple moving average of $140.56.
Preformed Line Products (NASDAQ:PLPC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $2.33 earnings per share for the quarter. Preformed Line Products had a return on equity of 9.16% and a net margin of 6.49%. The company had revenue of $148.54 million for the quarter.
Preformed Line Products Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Tuesday, July 1st. Preformed Line Products's dividend payout ratio (DPR) is currently 10.14%.
Institutional Trading of Preformed Line Products
Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Preformed Line Products by 30,720.0% during the first quarter. GAMMA Investing LLC now owns 3,082 shares of the technology company's stock worth $432,000 after purchasing an additional 3,072 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Preformed Line Products by 7.8% during the first quarter. Janney Montgomery Scott LLC now owns 3,831 shares of the technology company's stock worth $537,000 after purchasing an additional 276 shares in the last quarter. American Century Companies Inc. increased its position in Preformed Line Products by 160.8% in the 4th 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 during the period. Proficio Capital Partners LLC acquired a new position in Preformed Line Products in the 4th quarter valued at about $1,764,000. Finally, Victory Capital Management Inc. increased its position in Preformed Line Products by 1.6% in the 4th 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 during the period. Institutional investors and hedge funds own 41.19% of the company's stock.
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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