Bosun Asset Management LLC Takes $903,000 Position in Preformed Line Products Company $PLPC

Bosun Asset Management LLC bought a new position in Preformed Line Products Company (NASDAQ:PLPC) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 5,652 shares of the technology company’s stock, valued at approximately $903,000. Bosun Asset Management LLC owned 0.11% of Preformed Line Products as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Preformed Line Products by 15,654.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 217,571 shares of the technology company’s stock valued at $30,480,000 after buying an additional 216,190 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Preformed Line Products by 172.8% during the 1st quarter. Vanguard Group Inc. now owns 185,201 shares of the technology company’s stock valued at $25,945,000 after acquiring an additional 117,323 shares during the period. Nuveen LLC bought a new position in Preformed Line Products during the 1st quarter worth approximately $15,339,000. American Century Companies Inc. grew its position in Preformed Line Products by 47.0% during the 1st quarter. American Century Companies Inc. now owns 72,137 shares of the technology company’s stock worth $10,106,000 after acquiring an additional 23,080 shares during the last quarter. Finally, TrueMark Investments LLC purchased a new position in Preformed Line Products in the 2nd quarter worth approximately $2,521,000. 41.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PLPC has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Preformed Line Products in a research note on Monday, December 1st. Wall Street Zen cut shares of Preformed Line Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Preformed Line Products Price Performance

Shares of Preformed Line Products stock opened at $217.27 on Friday. The business has a 50 day moving average of $210.22 and a 200 day moving average of $182.05. Preformed Line Products Company has a 52 week low of $118.99 and a 52 week high of $245.99. The company has a market cap of $1.06 billion, a PE ratio of 28.78 and a beta of 0.80. The company has a quick ratio of 1.84, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Preformed Line Products (NASDAQ:PLPC) last released its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.09 earnings per share for the quarter. The business had revenue of $178.09 million for the quarter. Preformed Line Products had a net margin of 5.62% and a return on equity of 10.09%.

Preformed Line Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Wednesday, October 1st were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, October 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.4%. Preformed Line Products’s payout ratio is currently 10.60%.

Preformed Line Products 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.