Preformed Line Products (NASDAQ:PLPC) Stock Price Down 5.2% - Time to Sell?

Preformed Line Products (NASDAQ:PLPC - Get Free Report) was down 5.2% on Friday . The stock traded as low as $141.07 and last traded at $140.77. Approximately 22,437 shares changed hands during trading, an increase of 40% from the average daily volume of 15,980 shares. The stock had previously closed at $148.54.

Analyst Upgrades and Downgrades

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

Preformed Line Products Stock Performance

The firm has a fifty day simple moving average of $136.36 and a 200 day simple moving average of $130.77. 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 $735.44 million, a price-to-earnings ratio of 22.32 and a beta of 0.61.

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

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Preformed Line Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.54%. Preformed Line Products's payout ratio is 10.67%.

Institutional Investors Weigh In On Preformed Line Products

Several hedge funds have recently made changes to their positions in PLPC. Royce & Associates LP grew its holdings in shares of Preformed Line Products by 3.1% during the 4th quarter. Royce & Associates LP now owns 314,094 shares of the technology company's stock worth $40,138,000 after purchasing an additional 9,458 shares in the last quarter. Geode Capital Management LLC boosted its stake in Preformed Line Products by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 64,704 shares of the technology company's stock worth $8,271,000 after buying an additional 381 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Preformed Line Products by 2.6% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,803 shares of the technology company's stock valued at $7,642,000 after buying an additional 1,542 shares in the last quarter. American Century Companies Inc. lifted its holdings 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 acquiring an additional 30,245 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Preformed Line Products by 0.4% during the 4th quarter. Invesco Ltd. now owns 41,204 shares of the technology company's stock valued at $5,265,000 after acquiring an additional 172 shares in the last quarter. 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.