Preformed Line Products (NASDAQ:PLPC - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $159.36 and last traded at $146.36, with a volume of 668 shares trading hands. The stock had previously closed at $145.31.
Analyst Ratings Changes
Separately, StockNews.com raised Preformed Line Products from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 19th.
Get Our Latest Stock Report on Preformed Line Products
Preformed Line Products Stock Down 3.7 %
The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 1.56. The company has a market cap of $691.74 million, a PE ratio of 21.21 and a beta of 0.63. The business's 50 day moving average is $132.61 and its 200-day moving average is $127.63.
Preformed Line Products Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, January 7th. This represents a $0.80 annualized dividend and a dividend yield of 0.57%. Preformed Line Products's dividend payout ratio (DPR) is currently 12.01%.
Institutional Trading of Preformed Line Products
A number of hedge funds and other institutional investors have recently bought and sold shares of PLPC. Truvestments Capital LLC purchased a new position in shares of Preformed Line Products in the 3rd quarter valued at about $103,000. SG Americas Securities LLC purchased a new position in Preformed Line Products in the third quarter valued at approximately $119,000. BNP Paribas Financial Markets raised its holdings in Preformed Line Products by 13.1% during the third quarter. BNP Paribas Financial Markets now owns 2,371 shares of the technology company's stock worth $304,000 after purchasing an additional 274 shares in the last quarter. Quest Partners LLC lifted its position in shares of Preformed Line Products by 62.4% during the 3rd quarter. Quest Partners LLC now owns 2,554 shares of the technology company's stock worth $327,000 after buying an additional 981 shares during the last quarter. Finally, Summit Global Investments acquired a new position in shares of Preformed Line Products in the 3rd quarter valued at $345,000. 41.19% of the stock is currently owned by institutional investors and hedge funds.
Preformed Line Products Company Profile
(
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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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