Charles Schwab Investment Management Inc. increased its stake in Encore Wire Co. (NASDAQ: WIRE) by 2.0% in the fourth quarter, according to latest disclosure with the Securities and Exchange Commission (SEC). The company owned 172,652 shares in electronics manufacturing shares after purchasing an additional 4,438 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.% of Encore Wire valued at $ 09,911 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold stocks. Alliancebernstein LP increased its stake in Encore Wire by 0.5% in the fourth quarter. Alliance Amber LP now owns 24,837 shares in the electronics manufacturer valued at $ 1,989, having acquired an additional 89 shares during the period. Janney Montgomery Scott LLC increased its stake in Encore Wire by 3.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 7.0 59 shares of the electronics manufacturer’s stock valued at $ 428, having acquired an additional 172 shares during the period. Lazard Asset Management LLC took a new position in shares of Encore Wire valued at approximately $ 5,000 in the fourth quarter. ,. Manufacturers Life Insurance Company increased its stake in Encore Wire by 4.2% in the fourth quarter. Manufacturers Life Insurance Company now owns 200 shares of the electronics manufacturer’s stock, valued at $ 740, after purchasing an additional 493 shares during the period. Eventually, in the fourth quarter, Vantage Consulting Group Inc acquired a new position in shares of Encore Wire valued at approximately $ 29. Institutional investors and hedge funds own 87. 80% of the company’s stock.
Several research analysts have published reports on WIRE shares. Zacks Investment Research has upgraded Encore Wire’s stock from a “Hold” rating to a “Strong Buy” rating and set it at $ 229. Target price for the share in a research report on Tuesday, February 10 around DA Davidson raised his target price for shares of Encore Wire from $). to $ 80. in a research report on Thursday, February
th. Eventually, Sidoti downgraded Encore Wire’s stock from a “buy” rating to a “neutral” rating and raised its price target on the stock from $ 428. to $ 51. in a research report on Thursday, January 13 st.
In other Encore Wire news, insider Matthew D. Ford sold 500 shares of Encore Wire stock in a transaction on Thursday, March th. The shares were sold at an average price of $ 59. , for a total transaction of $ 735. . Company insiders own 3.09% of the company’s stock.
Encore Wire stock opened at $ 59.96 on Friday. The company has a 29 day moving average price of $ 59. and a 200 moving average price of $ 43.91. Encore Wire Co. has a 32 week low of $ 23. 27 and a 52 week high of $ 068. 13. The company has a Market cap of $ 1. 32 billion, a value for money of 17. 90 and a beta of 1. 17.
Encore Wire (NASDAQ: WIRE) last released its quarterly earnings data on Wednesday, February 250th. The electronics maker reported $ 1. EPS for the quarter, beating analysts’ consensus estimate of $ 0. 428 to $ 0.51. Encore Wire had a net margin of 4% 89 and a return on equity of 7%.
The company also recently announced a quarterly dividend that will be paid on Friday, April 250th. A dividend of $ 0 will be paid to shareholders of record on Friday April 2nd. per share. This equates to a $ 0. annual dividend and a dividend yield of 0.%. The ex-dividend day of this dividend is Wednesday, March 23rd. The payout ratio (DPR) of Encore Wire is currently 2. 77%.
Encore Wire Company Profile
Encore Wire Corporation manufactures and sells electrical equipment building wires and cables for indoor electrical wiring in the United States. The products include NM-B cables for use as indoor wiring in residential buildings, apartments and prefabricated houses. THHN / THWN-2 cables and metal-coated and armored cables for use as cabling in commercial and industrial buildings; UF-B cable; XHHW-2 cable; RHH / RHW-2 cable; USE-2 cable; and other types of wire products.
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