Preformed Line Products (NASDAQ:PLPC) Sets New 12-Month High – Should You Buy?

Preformed Line Products (NASDAQ:PLPC)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $159.36 and last traded at $146.36, with a volume of 668 shares. The stock had previously closed at $145.31.

Analyst Ratings Changes

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

Preformed Line Products Trading Up 0.3 %

The firm has a market capitalization of $718.98 million, a P/E ratio of 22.03 and a beta of 0.63. The firm has a fifty day simple moving average of $132.39 and a two-hundred day simple moving average of $127.50. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were given a $0.20 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.55%. Preformed Line Products’s dividend payout ratio (DPR) is presently 12.01%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PLPC. Charles Schwab Investment Management Inc. lifted its position in Preformed Line Products by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,760 shares of the technology company’s stock worth $4,186,000 after buying an additional 186 shares during the last quarter. FMR LLC increased its holdings in shares of Preformed Line Products by 27.7% in the third quarter. FMR LLC now owns 25,091 shares of the technology company’s stock worth $3,214,000 after buying an additional 5,442 shares during the period. Victory Capital Management Inc. boosted its holdings in Preformed Line Products by 1.6% during the 4th quarter. Victory Capital Management Inc. now owns 17,293 shares of the technology company’s stock valued at $2,210,000 after acquiring an additional 270 shares during the period. Proficio Capital Partners LLC purchased a new position in Preformed Line Products in the 4th quarter worth approximately $1,764,000. Finally, Cardinal Capital Management lifted its position in Preformed Line Products by 2.3% in the fourth quarter. Cardinal Capital Management now owns 10,491 shares of the technology company’s stock valued at $1,341,000 after purchasing an additional 239 shares during the last quarter. 41.19% of the stock is currently owned by institutional investors.

About Preformed Line Products

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.