Preformed Line Products (NASDAQ:PLPC - Get Free Report) shares hit a new 52-week high on Friday . The company traded as high as $143.11 and last traded at $143.11, with a volume of 151 shares changing hands. The stock had previously closed at $136.96.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Preformed Line Products from a "buy" rating to a "strong-buy" rating in a report on Thursday.
Read Our Latest Research Report on PLPC
Preformed Line Products Price Performance
The company has a current ratio of 2.81, a quick ratio of 1.56 and a debt-to-equity ratio of 0.06. The stock has a market cap of $690.12 million, a price-to-earnings ratio of 21.14 and a beta of 0.62. The company has a 50 day simple moving average of $122.46 and a 200-day simple moving average of $124.53.
Preformed Line Products (NASDAQ:PLPC - Get Free Report) last released its earnings results on Wednesday, October 30th. The technology company reported $1.54 EPS for the quarter. The firm had revenue of $146.97 million for the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%.
Preformed Line Products Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.80 annualized dividend and a yield of 0.57%. Preformed Line Products's payout ratio is currently 12.01%.
Hedge Funds Weigh In On Preformed Line Products
A number of large investors have recently modified their holdings of the business. Innealta Capital LLC bought a new stake in Preformed Line Products during the second quarter worth about $27,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Preformed Line Products in the 2nd quarter valued at approximately $52,000. Mather Group LLC. bought a new position in shares of Preformed Line Products in the second quarter valued at $64,000. SG Americas Securities LLC acquired a new position in Preformed Line Products during the third quarter worth $119,000. Finally, Quest Partners LLC bought a new stake in Preformed Line Products during the second quarter worth $196,000. 41.19% of the stock is currently owned by institutional investors and hedge funds.
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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