Insider Selling: Preformed Line Products Company (PLPC) VP Sells 3,130 Shares of Stock

Preformed Line Products Company (NASDAQ:PLPC) VP J Cecil Curlee, Jr. sold 3,130 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $68.50, for a total transaction of $214,405.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Preformed Line Products Company (NASDAQ:PLPC) traded down $3.53 on Monday, hitting $79.96. 20,500 shares of the stock traded hands, compared to its average volume of 10,854. The stock has a market capitalization of $407.11, a P/E ratio of 24.01 and a beta of 1.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.15 and a quick ratio of 2.00. Preformed Line Products Company has a 52-week low of $44.50 and a 52-week high of $85.63.

Preformed Line Products (NASDAQ:PLPC) last posted its earnings results on Friday, November 3rd. The technology company reported $1.23 earnings per share for the quarter. The firm had revenue of $99.24 million during the quarter. Preformed Line Products had a net margin of 4.64% and a return on equity of 7.30%.

Separately, TheStreet upgraded shares of Preformed Line Products from a “c+” rating to a “b-” rating in a report on Monday, August 21st.

Several institutional investors and hedge funds have recently bought and sold shares of PLPC. The Manufacturers Life Insurance Company increased its stake in shares of Preformed Line Products by 73.4% in the second quarter. The Manufacturers Life Insurance Company now owns 3,494 shares of the technology company’s stock worth $162,000 after purchasing an additional 1,479 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Preformed Line Products by 95.8% in the second quarter. New York State Common Retirement Fund now owns 4,700 shares of the technology company’s stock worth $218,000 after purchasing an additional 2,299 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Preformed Line Products by 1.0% in the second quarter. Rhumbline Advisers now owns 4,731 shares of the technology company’s stock worth $220,000 after purchasing an additional 45 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Preformed Line Products by 28.4% in the second quarter. Teachers Advisors LLC now owns 4,849 shares of the technology company’s stock worth $225,000 after purchasing an additional 1,073 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Preformed Line Products by 51.7% in the third quarter. Wells Fargo & Company MN now owns 3,634 shares of the technology company’s stock worth $245,000 after purchasing an additional 1,238 shares in the last quarter. Hedge funds and other institutional investors own 44.88% of the company’s stock.

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Preformed Line Products Company Profile

Preformed Line Products Company (PLPC) is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators and information industries. The Company’s products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products.

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