UBS Group AG Has $11.23 Million Stock Holdings in Encore Wire Co. (NASDAQ:WIRE)

UBS Group AG raised its holdings in Encore Wire Co. (NASDAQ:WIREFree Report) by 2.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 52,564 shares of the electronics maker’s stock after acquiring an additional 1,036 shares during the quarter. UBS Group AG owned approximately 0.33% of Encore Wire worth $11,228,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Blue Trust Inc. increased its holdings in Encore Wire by 69.2% in the fourth quarter. Blue Trust Inc. now owns 203 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 83 shares during the period. GAMMA Investing LLC acquired a new position in shares of Encore Wire in the fourth quarter worth approximately $99,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Encore Wire in the 3rd quarter valued at $91,000. Principal Securities Inc. acquired a new stake in Encore Wire during the 4th quarter worth about $145,000. Finally, Quadrant Capital Group LLC grew its stake in Encore Wire by 19.8% during the fourth quarter. Quadrant Capital Group LLC now owns 696 shares of the electronics maker’s stock worth $149,000 after purchasing an additional 115 shares during the period. Institutional investors own 99.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WIRE. StockNews.com began coverage on Encore Wire in a research note on Monday, May 27th. They issued a “hold” rating for the company. DA Davidson downgraded shares of Encore Wire from a “buy” rating to a “neutral” rating and set a $295.00 price target for the company. in a research report on Tuesday, April 16th. Sidoti restated a “neutral” rating and set a $290.00 price objective on shares of Encore Wire in a report on Tuesday, April 16th. Finally, CJS Securities reiterated a “market perform” rating on shares of Encore Wire in a report on Friday, April 19th.

Get Our Latest Stock Analysis on WIRE

Encore Wire Stock Up 0.1 %

Shares of NASDAQ:WIRE opened at $288.73 on Friday. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 15.32 and a beta of 1.28. The business’s 50 day moving average is $276.06 and its 200 day moving average is $237.08. Encore Wire Co. has a 12-month low of $150.51 and a 12-month high of $295.90.

Encore Wire (NASDAQ:WIREGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.27. The firm had revenue of $632.66 million for the quarter, compared to the consensus estimate of $579.64 million. Encore Wire had a net margin of 12.45% and a return on equity of 17.77%. During the same period in the previous year, the firm earned $6.50 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, equities research analysts expect that Encore Wire Co. will post 21.24 earnings per share for the current year.

Encore Wire Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.03%. Encore Wire’s dividend payout ratio is currently 0.42%.

Encore Wire Company Profile

(Free Report)

Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. It 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.

See Also

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Institutional Ownership by Quarter for Encore Wire (NASDAQ:WIRE)

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