PLPC has been the subject of several other reports. TheStreet lowered Preformed Line Products from a b- rating to a c+ rating in a report on Thursday, June 6th. BidaskClub raised Preformed Line Products from a strong sell rating to a sell rating in a report on Tuesday, July 2nd.
Shares of PLPC stock traded down $1.37 during trading on Thursday, hitting $54.13. The company’s stock had a trading volume of 200 shares, compared to its average volume of 5,286. The company has a market cap of $280.74 million, a P/E ratio of 11.81 and a beta of 1.46. The company has a current ratio of 3.11, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average is $55.43. Preformed Line Products has a 52 week low of $45.12 and a 52 week high of $87.10.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, July 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.48%. The ex-dividend date was Friday, June 28th.
A number of hedge funds and other institutional investors have recently made changes to their positions in PLPC. Dimensional Fund Advisors LP grew its holdings in Preformed Line Products by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 341,351 shares of the technology company’s stock valued at $18,518,000 after purchasing an additional 13,909 shares during the period. Alambic Investment Management L.P. grew its holdings in Preformed Line Products by 51.0% during the first quarter. Alambic Investment Management L.P. now owns 19,306 shares of the technology company’s stock valued at $1,025,000 after purchasing an additional 6,518 shares during the period. Geode Capital Management LLC grew its holdings in Preformed Line Products by 13.7% during the fourth quarter. Geode Capital Management LLC now owns 53,354 shares of the technology company’s stock valued at $2,894,000 after purchasing an additional 6,425 shares during the period. Dalton Greiner Hartman Maher & Co. grew its holdings in Preformed Line Products by 7.7% during the first quarter. Dalton Greiner Hartman Maher & Co. now owns 85,924 shares of the technology company’s stock valued at $4,562,000 after purchasing an additional 6,175 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Preformed Line Products by 111.8% during the first quarter. Marshall Wace LLP now owns 7,725 shares of the technology company’s stock worth $410,000 after acquiring an additional 4,077 shares in the last quarter. 44.50% of the stock is owned by institutional investors and hedge funds.
About Preformed Line Products
Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operator, information, and other industries. The company offers formed wire and related hardware products to support, protect, terminate, and secure power conductor and communication cables, as well as to control cable dynamics; and hardware products to support and protect transmission conductors, spacers, spacer-dampers, stockbridge dampers, corona suppression devices, and various compression fittings for dead-end applications.
Further Reading: Ex-Dividend
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