Preformed Line Products (NASDAQ:PLPC) Sees Strong Trading Volume - Time to Buy?

Preformed Line Products Company (NASDAQ:PLPC - Get Free Report) saw an uptick in trading volume on Tuesday . 111,985 shares traded hands during trading, an increase of 341% from the previous session's volume of 25,391 shares.The stock last traded at $153.33 and had previously closed at $154.21.

Analysts Set New Price Targets

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

Preformed Line Products Stock Performance

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 $758.49 million, a PE ratio of 19.46 and a beta of 0.75. The stock's 50 day moving average price is $141.77 and its two-hundred day moving average price is $137.13.

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

Preformed Line Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Tuesday, July 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Tuesday, July 1st. Preformed Line Products's dividend payout ratio (DPR) is presently 10.14%.

Institutional Investors Weigh In On Preformed Line Products

Hedge funds have recently made changes to their positions in the company. Royce & Associates LP boosted its stake in Preformed Line Products by 3.1% during the 4th 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Preformed Line Products by 15,654.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 217,571 shares of the technology company's stock worth $30,480,000 after acquiring an additional 216,190 shares in the last quarter. Vanguard Group Inc. raised its position in Preformed Line Products by 172.8% in the 1st 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 last quarter. Nuveen LLC bought a new position in Preformed Line Products in the first quarter valued at approximately $15,339,000. Finally, American Century Companies Inc. raised its holdings in shares of Preformed Line Products by 47.0% in the 1st quarter. American Century Companies Inc. now owns 72,137 shares of the technology company's stock valued at $10,106,000 after purchasing an additional 23,080 shares during the period. Hedge funds and other institutional investors own 41.19% of the company's stock.

Preformed Line Products Company 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.