1,053 Shares in Encore Wire Co. (NASDAQ:WIRE) Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC bought a new stake in shares of Encore Wire Co. (NASDAQ:WIRE) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,053 shares of the electronics maker’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in Encore Wire by 69.2% in the 4th quarter. Blue Trust Inc. now owns 203 shares of the electronics maker’s stock worth $43,000 after buying an additional 83 shares in the last quarter. Beaird Harris Wealth Management LLC acquired a new position in shares of Encore Wire during the third quarter valued at $91,000. Strs Ohio raised its stake in shares of Encore Wire by 40.0% during the fourth quarter. Strs Ohio now owns 700 shares of the electronics maker’s stock valued at $149,000 after purchasing an additional 200 shares in the last quarter. Childress Capital Advisors LLC acquired a new stake in Encore Wire in the third quarter worth about $205,000. Finally, Private Advisor Group LLC bought a new position in Encore Wire in the 3rd quarter valued at about $205,000. Institutional investors own 99.82% of the company’s stock.

Analyst Ratings Changes

WIRE has been the subject of a number of research analyst reports. StockNews.com assumed coverage on shares of Encore Wire in a research note on Thursday. They issued a “hold” rating for the company. CJS Securities reaffirmed a “market perform” rating on shares of Encore Wire in a research note on Friday, April 19th. DA Davidson downgraded Encore Wire from a “buy” rating to a “neutral” rating and set a $295.00 price objective on the stock. in a research note on Tuesday, April 16th. Finally, Sidoti reaffirmed a “neutral” rating and set a $290.00 target price on shares of Encore Wire in a research note on Tuesday, April 16th.

Encore Wire Stock Up 0.3 %

Shares of Encore Wire stock opened at $284.89 on Friday. The stock has a market cap of $4.50 billion, a PE ratio of 15.11 and a beta of 1.31. Encore Wire Co. has a 12 month low of $146.36 and a 12 month high of $295.90. The business has a fifty day simple moving average of $249.52 and a 200-day simple moving average of $219.33.

Encore Wire (NASDAQ:WIRE) last announced its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.27. The firm had revenue of $632.66 million during the quarter, compared to analyst estimates of $579.64 million. Encore Wire had a return on equity of 17.77% and a net margin of 12.45%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company posted $6.50 EPS. Analysts expect that Encore Wire Co. will post 21.23 EPS for the current fiscal year.

Encore Wire Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Thursday, April 4th. Encore Wire’s payout ratio is presently 0.42%.

About Encore Wire

Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. It offers NM-B cables, UF-B cables, THHN/THWN-2, XHHW-2, USE-2, RHH/RHW-2, and other types of wire products, including SEU, SER, photovoltaic, URD, tray cables, metal-clads, and armored cables.