Birmingham Capital Management Co. Inc. AL Takes Position in Proto Labs, Inc. $PRLB

Birmingham Capital Management Co. Inc. AL acquired a new stake in Proto Labs, Inc. (NYSE:PRLB) in the second quarter, Holdings Channel.com reports. The fund acquired 20,200 shares of the industrial products company’s stock, valued at approximately $1,833,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Proto Labs by 51.3% during the first quarter. Royal Bank of Canada now owns 6,510 shares of the industrial products company’s stock worth $228,000 after purchasing an additional 2,207 shares during the period. AQR Capital Management LLC grew its stake in shares of Proto Labs by 3.3% in the 1st quarter. AQR Capital Management LLC now owns 63,871 shares of the industrial products company’s stock valued at $2,238,000 after buying an additional 2,040 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Proto Labs by 7,380.0% during the 1st quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock worth $26,000 after buying an additional 738 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Proto Labs by 68.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,756 shares of the industrial products company’s stock worth $871,000 after buying an additional 8,864 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Proto Labs during the 2nd quarter valued at approximately $480,000. 84.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Proto Labs

In other news, Director Sven Wehrwein sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $77.28, for a total transaction of $154,560.00. Following the completion of the transaction, the director directly owned 32,505 shares in the company, valued at $2,511,986.40. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Proto Labs Price Performance

Shares of PRLB opened at $78.63 on Thursday. The firm has a 50-day simple moving average of $80.47 and a two-hundred day simple moving average of $70.82. The stock has a market cap of $1.88 billion, a PE ratio of 62.90 and a beta of 1.40. Proto Labs, Inc. has a 1-year low of $45.10 and a 1-year high of $93.00.

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

Analysts Set New Price Targets

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

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.