Preformed Line Products (NASDAQ:PLPC) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Preformed Line Products (NASDAQ:PLPC) saw an uptick in trading volume on Monday . 25,016 shares traded hands during mid-day trading, an increase of 40% from the previous session’s volume of 17,901 shares.The stock last traded at $135.68 and had previously closed at $140.35.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Preformed Line Products from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 18th.

Preformed Line Products Price Performance

The business’s 50-day simple moving average is $136.92 and its two-hundred day simple moving average is $133.46. The stock has a market cap of $664.81 million, a price-to-earnings ratio of 20.20 and a beta of 0.65. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 1.56.

Preformed Line Products (NASDAQ:PLPC) last posted its earnings results on Thursday, March 13th. The technology company reported $2.13 EPS for the quarter. The firm had revenue of $167.12 million during the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%.

Preformed Line Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Tuesday, April 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.59%. The ex-dividend date is Tuesday, April 1st. Preformed Line Products’s dividend payout ratio (DPR) is currently 10.67%.

Institutional Investors Weigh In On Preformed Line Products

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Preformed Line Products by 93.3% during the third quarter. JPMorgan Chase & Co. now owns 8,119 shares of the technology company’s stock valued at $1,040,000 after acquiring an additional 3,919 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Preformed Line Products by 21.3% during the 3rd quarter. Franklin Resources Inc. now owns 3,161 shares of the technology company’s stock valued at $389,000 after purchasing an additional 556 shares during the last quarter. Barclays PLC increased its holdings in Preformed Line Products by 135.6% during the third quarter. Barclays PLC now owns 4,989 shares of the technology company’s stock worth $638,000 after buying an additional 2,871 shares during the last quarter. Ausbil Investment Management Ltd raised its holdings in shares of Preformed Line Products by 222.8% in the 4th quarter. Ausbil Investment Management Ltd now owns 5,436 shares of the technology company’s stock worth $701,000 after purchasing an additional 3,752 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Preformed Line Products by 160.8% during the 4th quarter. American Century Companies Inc. now owns 49,057 shares of the technology company’s stock worth $6,269,000 after acquiring an additional 30,245 shares during the period. 41.19% of the stock is owned by institutional investors.

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.