Preformed Line Products (NASDAQ:PLPC) Holdings Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in Preformed Line Products (NASDAQ:PLPC - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,408 shares of the technology company's stock after selling 2,439 shares during the period. Teacher Retirement System of Texas owned approximately 0.25% of Preformed Line Products worth $1,586,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Preformed Line Products by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 32,574 shares of the technology company's stock valued at $4,172,000 after purchasing an additional 471 shares in the last quarter. FMR LLC raised its holdings in shares of Preformed Line Products by 27.7% in the third quarter. FMR LLC now owns 25,091 shares of the technology company's stock worth $3,214,000 after acquiring an additional 5,442 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Preformed Line Products by 13.1% in the third quarter. BNP Paribas Financial Markets now owns 2,371 shares of the technology company's stock valued at $304,000 after acquiring an additional 274 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Preformed Line Products during the third quarter valued at $348,000. Finally, PDT Partners LLC raised its stake in Preformed Line Products by 60.3% in the 3rd quarter. PDT Partners LLC now owns 3,609 shares of the technology company's stock valued at $462,000 after purchasing an additional 1,357 shares during the last quarter. Institutional investors and hedge funds own 41.19% of the company's stock.

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Preformed Line Products Trading Down 1.8 %

PLPC traded down $2.63 during midday trading on Monday, hitting $140.09. The company's stock had a trading volume of 46,230 shares, compared to its average volume of 17,421. Preformed Line Products has a 52-week low of $109.01 and a 52-week high of $154.90. The firm has a 50-day moving average price of $137.95 and a two-hundred day moving average price of $131.66. 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 firm has a market cap of $692.18 million, a P/E ratio of 21.03 and a beta of 0.61.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The technology company reported $2.13 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 company had revenue of $167.12 million for the quarter.

Preformed Line Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.57%. Preformed Line Products's dividend payout ratio (DPR) is 10.67%.

Wall Street Analysts Forecast Growth

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

Preformed Line Products 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.