StockNews.com Upgrades Preformed Line Products (NASDAQ:PLPC) to “Strong-Buy”

Preformed Line Products (NASDAQ:PLPC) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

Preformed Line Products Price Performance

PLPC opened at $140.84 on Thursday. The firm has a market capitalization of $690.12 million, a PE ratio of 21.15 and a beta of 0.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 1.56. The business’s 50-day moving average is $122.88 and its two-hundred day moving average is $124.66. Preformed Line Products has a 1 year low of $109.01 and a 1 year high of $141.66.

Preformed Line Products (NASDAQ:PLPC) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.54 EPS for the quarter. Preformed Line Products had a net margin of 5.76% and a return on equity of 7.88%. The firm had revenue of $146.97 million during the quarter.

Institutional Investors Weigh In On Preformed Line Products

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its stake in Preformed Line Products by 29.0% in the 1st quarter. BNP Paribas Financial Markets now owns 3,231 shares of the technology company’s stock worth $416,000 after purchasing an additional 726 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Preformed Line Products by 1.4% in the first quarter. Janney Montgomery Scott LLC now owns 14,166 shares of the technology company’s stock valued at $1,823,000 after buying an additional 192 shares during the last quarter. Russell Investments Group Ltd. raised its position in Preformed Line Products by 6.8% during the 1st quarter. Russell Investments Group Ltd. now owns 4,003 shares of the technology company’s stock worth $515,000 after buying an additional 254 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Preformed Line Products by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 73,040 shares of the technology company’s stock valued at $9,398,000 after acquiring an additional 3,489 shares during the last quarter. Finally, CM Management LLC boosted its holdings in shares of Preformed Line Products by 48.6% in the 1st quarter. CM Management LLC now owns 26,000 shares of the technology company’s stock valued at $3,345,000 after acquiring an additional 8,500 shares during the last quarter. Hedge funds and other institutional investors own 41.19% of the company’s stock.

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.