Preformed Line Products (NASDAQ:PLPC) Hits New 1-Year High - Still a Buy?

Shares of Preformed Line Products Company (NASDAQ:PLPC - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $157.82 and last traded at $155.77, with a volume of 101807 shares traded. The stock had previously closed at $153.31.

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 research report on Tuesday, May 13th.

Preformed Line Products Price Performance

The stock has a market cap of $758.49 million, a price-to-earnings ratio of 19.46 and a beta of 0.75. 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 company's fifty day moving average is $141.77 and its two-hundred day moving average is $137.13.

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

Preformed Line Products Dividend Announcement

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

Institutional Trading of Preformed Line Products

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new position in shares of Preformed Line Products in the fourth quarter valued at approximately $771,000. Private Advisor Group LLC lifted its holdings in Preformed Line Products by 3.6% during the 4th quarter. Private Advisor Group LLC now owns 2,855 shares of the technology company's stock worth $365,000 after buying an additional 100 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Preformed Line Products in the 4th quarter valued at approximately $1,764,000. Charles Schwab Investment Management Inc. boosted its position in Preformed Line Products by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,760 shares of the technology company's stock valued at $4,186,000 after buying an additional 186 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of 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 worth $2,210,000 after acquiring an additional 270 shares in the last quarter. 41.19% of the stock is currently owned by hedge funds and other institutional investors.

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.