Teacher Retirement System of Texas Has $1.59 Million Stock Position in Preformed Line Products (NASDAQ:PLPC)

Teacher Retirement System of Texas decreased its position in Preformed Line Products (NASDAQ:PLPC) by 16.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,408 shares of the technology company’s stock after selling 2,439 shares during the period. Teacher Retirement System of Texas’ holdings in Preformed Line Products were worth $1,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC boosted its position in shares of Preformed Line Products by 13.1% during the 4th quarter. SG Americas Securities LLC now owns 1,053 shares of the technology company’s stock worth $135,000 after purchasing an additional 122 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Preformed Line Products by 13.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,371 shares of the technology company’s stock worth $304,000 after acquiring an additional 274 shares in the last quarter. Walleye Capital LLC purchased a new stake in Preformed Line Products in the 3rd quarter valued at about $348,000. Private Advisor Group LLC increased its position in shares of Preformed Line Products by 3.6% during the fourth quarter. Private Advisor Group LLC now owns 2,855 shares of the technology company’s stock valued at $365,000 after acquiring an additional 100 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Preformed Line Products by 21.3% in the 3rd quarter. Franklin Resources Inc. now owns 3,161 shares of the technology company’s stock valued at $389,000 after purchasing an additional 556 shares during the period. Institutional investors own 41.19% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Preformed Line Products from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 18th.

Preformed Line Products Price Performance

Preformed Line Products stock opened at $142.72 on Friday. The business’s 50 day simple moving average is $137.95 and its 200 day simple moving average is $131.41. Preformed Line Products has a 12 month low of $109.01 and a 12 month high of $154.90. The company has a market cap of $705.18 million, a price-to-earnings ratio of 21.43 and a beta of 0.61. The company has a current ratio of 2.81, a quick ratio of 1.56 and a debt-to-equity ratio of 0.06.

Preformed Line Products (NASDAQ:PLPC) last issued its quarterly earnings results on Thursday, March 13th. The technology company reported $2.13 EPS for the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%. The firm had revenue of $167.12 million for the quarter.

Preformed Line Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Tuesday, April 1st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.56%. Preformed Line Products’s payout ratio is 10.67%.

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.