Several other equities analysts also recently commented on WIRE. CJS Securities started coverage on Encore Wire in a research report on Wednesday, October 11th. They set an “outperform” rating and a $235.00 target price for the company. DA Davidson decreased their target price on Encore Wire from $250.00 to $240.00 in a research note on Thursday, July 27th.
Encore Wire Stock Up 0.0 %
Institutional Trading of Encore Wire
Several institutional investors and hedge funds have recently bought and sold shares of the business. Pinnacle Holdings LLC acquired a new stake in shares of Encore Wire in the 1st quarter valued at $37,000. Dark Forest Capital Management LP acquired a new stake in shares of Encore Wire in the 1st quarter valued at about $66,000. IFP Advisors Inc grew its stake in shares of Encore Wire by 231.5% in the 2nd quarter. IFP Advisors Inc now owns 358 shares of the electronics maker’s stock valued at $67,000 after buying an additional 250 shares during the period. Federated Hermes Inc. boosted its stake in Encore Wire by 33.8% during the 1st quarter. Federated Hermes Inc. now owns 368 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 93 shares during the last quarter. Finally, Clearstead Advisors LLC bought a new position in shares of Encore Wire during the 1st quarter worth approximately $75,000. Institutional investors own 99.82% of the company’s stock.
About Encore Wire
Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. The company offers NM-B cables, UF-B cables, THHN/THWN-2, XHHW-2, USE-2, RHH/RHW-2, and other types of wire products, including SEU, SER, photovoltaic, URD, tray cables, metal-clads, and armored cables.
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