Preformed Line Products (NASDAQ:PLPC) Sees Unusually-High Trading Volume - Still a Buy?

Shares of Preformed Line Products (NASDAQ:PLPC - Get Free Report) saw an uptick in trading volume on Monday . 25,016 shares changed hands during trading, an increase of 40% from the previous session's volume of 17,901 shares.The stock last traded at $135.68 and had previously closed at $140.35.

Analysts Set New Price Targets

Separately, StockNews.com raised Preformed Line Products from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, March 18th.

Preformed Line Products Trading Down 0.9 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 2.81. The company's 50 day moving average is $136.58 and its 200 day moving average is $133.71. The stock has a market capitalization of $678.40 million, a price-to-earnings ratio of 20.49 and a beta of 0.65.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The technology company reported $2.13 EPS for the quarter. Preformed Line Products had a net margin of 5.76% and a return on equity of 7.88%. The business had revenue of $167.12 million during the quarter.

Preformed Line Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Tuesday, April 1st. Preformed Line Products's payout ratio is presently 10.67%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PLPC. SG Americas Securities LLC boosted its stake in shares of Preformed Line Products by 13.1% in the 4th quarter. SG Americas Securities LLC now owns 1,053 shares of the technology company's stock valued at $135,000 after purchasing an additional 122 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Preformed Line Products by 28.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,409 shares of the technology company's stock valued at $180,000 after purchasing an additional 314 shares during the last quarter. Private Advisor Group LLC boosted its position in Preformed Line Products by 3.6% in the fourth quarter. Private Advisor Group LLC now owns 2,855 shares of the technology company's stock valued at $365,000 after buying an additional 100 shares in the last quarter. Franklin Resources Inc. grew its stake in Preformed Line Products by 21.3% during the third quarter. Franklin Resources Inc. now owns 3,161 shares of the technology company's stock worth $389,000 after buying an additional 556 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings 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 buying an additional 3,072 shares in the last quarter. 41.19% of the stock is currently owned by institutional investors and hedge funds.

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.