Encore Wire Co. (NASDAQ:WIRE) Holdings Raised by Chatham Capital Group Inc.

Chatham Capital Group Inc. increased its stake in Encore Wire Co. (NASDAQ:WIRE) by 10.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,328 shares of the electronics maker’s stock after purchasing an additional 1,625 shares during the quarter. Chatham Capital Group Inc. owned approximately 0.11% of Encore Wire worth $4,553,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Banque Cantonale Vaudoise raised its holdings in shares of Encore Wire by 10.7% during the first quarter. Banque Cantonale Vaudoise now owns 414 shares of the electronics maker’s stock valued at $109,000 after acquiring an additional 40 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in Encore Wire by 0.8% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 5,330 shares of the electronics maker’s stock valued at $1,138,000 after purchasing an additional 41 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Encore Wire by 1.3% in the fourth quarter. SummerHaven Investment Management LLC now owns 4,104 shares of the electronics maker’s stock valued at $877,000 after purchasing an additional 51 shares in the last quarter. Natixis Advisors L.P. boosted its position in shares of Encore Wire by 0.5% in the fourth quarter. Natixis Advisors L.P. now owns 10,213 shares of the electronics maker’s stock worth $2,181,000 after buying an additional 53 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Encore Wire by 3.7% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,516 shares of the electronics maker’s stock valued at $324,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 99.82% of the company’s stock.

Wall Street Analyst Weigh In

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

Encore Wire Price Performance

NASDAQ:WIRE traded up $0.08 during mid-day trading on Friday, reaching $289.83. The stock had a trading volume of 1,234,273 shares, compared to its average volume of 495,271. The business’s 50 day moving average is $284.68 and its 200 day moving average is $251.00. Encore Wire Co. has a fifty-two week low of $150.51 and a fifty-two week high of $295.90. The stock has a market cap of $4.58 billion, a P/E ratio of 15.38 and a beta of 1.23.

Encore Wire (NASDAQ:WIRE) last posted its earnings results on Tuesday, April 23rd. The electronics maker reported $3.92 EPS for the quarter, topping the consensus estimate of $3.65 by $0.27. The company had revenue of $632.66 million during the quarter, compared to the consensus estimate of $579.64 million. Encore Wire had a net margin of 12.45% and a return on equity of 17.77%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.50 earnings per share. Equities analysts expect that Encore Wire Co. will post 21.24 EPS for the current year.

Encore Wire Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, July 5th. This represents a $0.08 annualized dividend and a yield of 0.03%. Encore Wire’s dividend payout ratio (DPR) is currently 0.42%.

Encore Wire Profile

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.