Preformed Line Products Company $PLPC Shares Bought by Round Rock Advisors LLC

Round Rock Advisors LLC raised its stake in Preformed Line Products Company (NASDAQ:PLPC) by 66.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,805 shares of the technology company’s stock after purchasing an additional 3,102 shares during the quarter. Round Rock Advisors LLC’s holdings in Preformed Line Products were worth $1,613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Montag A & Associates Inc. acquired a new stake in shares of Preformed Line Products during the 3rd quarter worth about $29,000. Huntington National Bank raised its position in shares of Preformed Line Products by 181.7% during the 3rd quarter. Huntington National Bank now owns 200 shares of the technology company’s stock worth $39,000 after acquiring an additional 129 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Preformed Line Products by 2,562.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 213 shares of the technology company’s stock worth $42,000 after acquiring an additional 205 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Preformed Line Products by 199.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 299 shares of the technology company’s stock worth $48,000 after acquiring an additional 199 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Preformed Line Products during the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 41.19% of the company’s stock.

Preformed Line Products Trading Up 0.8%

Shares of PLPC stock opened at $321.01 on Tuesday. The business’s 50 day moving average is $275.03 and its two-hundred day moving average is $241.33. Preformed Line Products Company has a twelve month low of $130.00 and a twelve month high of $324.55. The company has a market capitalization of $1.57 billion, a P/E ratio of 44.96 and a beta of 0.75. The company has a current ratio of 3.17, a quick ratio of 1.87 and a debt-to-equity ratio of 0.07.

Preformed Line Products (NASDAQ:PLPC) last announced its earnings results on Wednesday, March 4th. The technology company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.08. Preformed Line Products had a return on equity of 9.36% and a net margin of 5.27%.The company had revenue of $173.11 million for the quarter, compared to the consensus estimate of $177.00 million.

Preformed Line Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Wednesday, April 1st were paid a $0.21 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Preformed Line Products’s payout ratio is 11.76%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PLPC shares. Wall Street Zen lowered Preformed Line Products from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Preformed Line Products in a research report on Friday, March 27th. Loop Capital set a $275.00 price target on Preformed Line Products in a research report on Monday, March 9th. Finally, Freedom Capital raised Preformed Line Products from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and a consensus price target of $275.00.

Preformed Line Products Profile

Preformed Line Products Company (NASDAQ: PLPC) is a global manufacturer of engineered solutions for electric, telecommunications and industrial infrastructure networks. The company designs, engineers and produces a broad portfolio of products, including preformed wire and cable fittings, anchors, suspension and tension clamps, splice closures and optical fiber hardware. These durable components support the installation, repair and maintenance of overhead and underground systems, helping utilities and contractors manage reliability and safety in demanding environments.

Founded in 1947 and headquartered in Mayfield Village, Ohio, Preformed Line Products operates manufacturing facilities and distribution centers across North America, Europe and the Asia Pacific region.