Legal & General Group Plc Takes $4.62 Million Position in Proto Labs, Inc. $PRLB

Legal & General Group Plc purchased a new position in Proto Labs, Inc. (NYSE:PRLB) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 56,739 shares of the industrial products company’s stock, valued at approximately $4,625,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Proto Labs during the second quarter valued at approximately $317,581,000. Disciplined Growth Investors Inc. MN boosted its position in Proto Labs by 1.9% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,722,011 shares of the industrial products company’s stock valued at $108,989,000 after acquiring an additional 51,293 shares in the last quarter. Rubric Capital Management LP increased its holdings in shares of Proto Labs by 8.6% in the 3rd quarter. Rubric Capital Management LP now owns 1,123,338 shares of the industrial products company’s stock valued at $56,201,000 after acquiring an additional 89,167 shares during the period. American Capital Management Inc. raised its position in shares of Proto Labs by 126.0% in the 4th quarter. American Capital Management Inc. now owns 631,311 shares of the industrial products company’s stock worth $31,938,000 after acquiring an additional 352,015 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Proto Labs by 5.4% in the 1st quarter. Renaissance Technologies LLC now owns 520,251 shares of the industrial products company’s stock worth $29,665,000 after acquiring an additional 26,700 shares in the last quarter. 84.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PRLB. Benchmark raised their price objective on Proto Labs from $70.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Needham & Company LLC upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Monday, August 3rd. Weiss Ratings cut shares of Proto Labs from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 18th. Zacks Research raised shares of Proto Labs from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $89.00.

Proto Labs Stock Performance

Shares of NYSE PRLB opened at $79.46 on Friday. Proto Labs, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $93.00. The company has a market cap of $1.90 billion, a PE ratio of 63.57 and a beta of 1.42. The business has a 50-day simple moving average of $80.32 and a two-hundred day simple moving average of $71.36.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.07. The firm had revenue of $149.34 million for the quarter, compared to the consensus estimate of $144.53 million. Proto Labs had a net margin of 5.44% and a return on equity of 4.80%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. On average, sell-side analysts predict that Proto Labs, Inc. will post 1.46 earnings per share for the current fiscal year.

About Proto Labs

Proto Labs, Inc is a digital manufacturing company that offers on-demand production services for custom parts and prototypes. Utilizing technologies such as 3D printing (additive manufacturing), CNC machining and injection molding, the company transforms digital CAD designs into functional parts on accelerated timelines. Its platform-driven process combines automated quoting, rapid tool generation and manufacturing execution to serve product developers, engineers and small- to medium-sized production runs.

Founded in 1999 by Larry Lukis, Proto Labs has championed the application of digital workflows to traditional manufacturing methods.