Preformed Line Products (NASDAQ:PLPC) Stock Price Up 5.5% – Time to Buy?

Shares of Preformed Line Products (NASDAQ:PLPC) were up 5.5% during mid-day trading on Friday . The stock traded as high as $133.90 and last traded at $138.28. Approximately 3,144 shares changed hands during trading, a decline of 59% from the average daily volume of 7,641 shares. The stock had previously closed at $131.13.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Preformed Line Products from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 19th.

Preformed Line Products Stock Up 5.4 %

The stock has a 50-day moving average price of $130.75 and a 200-day moving average price of $125.83. 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 capitalization of $677.30 million, a P/E ratio of 20.76 and a beta of 0.63.

Preformed Line Products (NASDAQ:PLPC) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.54 earnings per share (EPS) for the quarter. Preformed Line Products had a net margin of 5.76% and a return on equity of 7.88%. The firm had revenue of $146.97 million for the quarter.

Preformed Line Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, January 7th. This represents a $0.80 dividend on an annualized basis and a yield of 0.58%. Preformed Line Products’s payout ratio is currently 12.01%.

Institutional Investors Weigh In On Preformed Line Products

Institutional investors and hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC acquired a new stake in shares of Preformed Line Products during the 3rd quarter worth approximately $103,000. SG Americas Securities LLC acquired a new stake in Preformed Line Products in the third quarter worth $119,000. BNP Paribas Financial Markets increased its stake in 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 purchasing an additional 274 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Preformed Line Products by 62.4% during the third quarter. Quest Partners LLC now owns 2,554 shares of the technology company’s stock valued at $327,000 after purchasing an additional 981 shares during the period. Finally, Summit Global Investments acquired a new stake in shares of Preformed Line Products in the 3rd quarter valued at about $345,000. 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.