Encore Wire Co. (NASDAQ:WIRE) Shares Bought by Tudor Investment Corp Et Al
Tudor Investment Corp Et Al boosted its stake in shares of Encore Wire Co. (NASDAQ:WIRE – Free Report) by 127.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,692 shares of the electronics maker’s stock after buying an additional 27,877 shares during the period. Tudor Investment Corp Et Al owned about 0.30% of Encore Wire worth $9,239,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Holdings LLC acquired a new stake in Encore Wire during the 1st quarter worth about $37,000. Dark Forest Capital Management LP acquired a new stake in Encore Wire during the 1st quarter worth about $66,000. IFP Advisors Inc raised its holdings in Encore Wire by 231.5% during the 2nd quarter. IFP Advisors Inc now owns 358 shares of the electronics maker’s stock worth $67,000 after buying an additional 250 shares during the period. Federated Hermes Inc. raised its holdings in Encore Wire by 33.8% during the 1st quarter. Federated Hermes Inc. now owns 368 shares of the electronics maker’s stock worth $68,000 after buying an additional 93 shares during the period. Finally, Clearstead Advisors LLC acquired a new stake in Encore Wire during the 1st quarter worth about $75,000. Institutional investors and hedge funds own 99.82% of the company’s stock.
Encore Wire Price Performance
Shares of WIRE opened at $191.93 on Friday. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 7.49 and a beta of 1.21. Encore Wire Co. has a fifty-two week low of $132.32 and a fifty-two week high of $206.74. The business’s 50-day moving average is $184.81 and its 200-day moving average is $176.16.
Encore Wire (NASDAQ:WIRE – Get Free Report) last issued its earnings results on Tuesday, October 24th. The electronics maker reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.66 by $0.16. Encore Wire had a return on equity of 25.60% and a net margin of 17.51%. The company had revenue of $636.99 million for the quarter. Equities research analysts expect that Encore Wire Co. will post 21.53 earnings per share for the current fiscal year.
Encore Wire Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Thursday, January 4th. Encore Wire’s payout ratio is 0.31%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on WIRE shares. StockNews.com downgraded Encore Wire from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. CJS Securities started coverage on Encore Wire in a report on Wednesday, October 11th. They issued an “outperform” rating and a $235.00 target price on the stock.
Check Out Our Latest Analysis on WIRE
Encore Wire Company Profile (Free Report)
Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. The company offers NM-B cables, UF-B cables, THHN/THWN-2, XHHW-2, USE-2, RHH/RHW-2, and other types of wire products, including SEU, SER, photovoltaic, URD, tray cables, metal-clads, and armored cables.
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Original: MarketBeat News Feed: Encore Wire Co. (NASDAQ:WIRE) Shares Bought by Tudor Investment Corp Et Al