Preformed Line Products (NASDAQ:PLPC) Upgraded at StockNews.com

StockNews.com upgraded shares of Preformed Line Products (NASDAQ:PLPC - Free Report) from a buy rating to a strong-buy rating in a research report report published on Tuesday.

Preformed Line Products Stock Performance

NASDAQ PLPC traded down $0.49 on Tuesday, reaching $138.21. 11,141 shares of the company's stock traded hands, compared to its average volume of 18,155. The firm has a market cap of $682.76 million, a price-to-earnings ratio of 20.75 and a beta of 0.75. The stock has a 50 day moving average price of $138.98 and a 200-day moving average price of $135.29. Preformed Line Products has a fifty-two week low of $109.01 and a fifty-two week high of $154.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 2.81.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last released 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 net margin of 5.76% and a return on equity of 7.88%. The firm had revenue of $148.54 million during the quarter.

Preformed Line Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Tuesday, April 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.80 annualized dividend and a yield of 0.58%. Preformed Line Products's dividend payout ratio is presently 10.14%.

Institutional Trading of Preformed Line Products

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in Preformed Line Products by 93.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,119 shares of the technology company's stock valued at $1,040,000 after acquiring an additional 3,919 shares in the last quarter. Barclays PLC grew its stake in shares of Preformed Line Products by 135.6% in the 3rd quarter. Barclays PLC now owns 4,989 shares of the technology company's stock valued at $638,000 after buying an additional 2,871 shares during the period. Ausbil Investment Management Ltd grew its stake in shares of Preformed Line Products by 222.8% in the 4th quarter. Ausbil Investment Management Ltd now owns 5,436 shares of the technology company's stock valued at $701,000 after buying an additional 3,752 shares during the period. American Century Companies Inc. boosted its position in shares of Preformed Line Products by 160.8% during the 4th quarter. American Century Companies Inc. now owns 49,057 shares of the technology company's stock worth $6,269,000 after purchasing an additional 30,245 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of 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 purchasing an additional 100 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.