Strs Ohio Makes New Investment in Clearfield, Inc. (NASDAQ:CLFD)

Strs Ohio bought a new stake in shares of Clearfield, Inc. (NASDAQ:CLFD – Get Rating) during the third quarter, Holdings Channel.com reports. The fund bought 600 shares of the communications equipment provider’s stock, valued at approximately $62,000.

A number of other large investors have also recently modified their holdings of the stock. Texas Permanent School Fund bought a new stake in shares of Clearfield during the 3rd quarter valued at about $861,000. AE Wealth Management LLC boosted its stake in shares of Clearfield by 3.7% during the 3rd quarter. AE Wealth Management LLC now owns 5,576 shares of the communications equipment provider’s stock valued at $583,000 after purchasing an additional 200 shares in the last quarter. Calamos Advisors LLC bought a new stake in shares of Clearfield during the 3rd quarter valued at about $4,138,000. State of Alaska Department of Revenue bought a new stake in shares of Clearfield during the 3rd quarter valued at about $828,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Clearfield during the 3rd quarter valued at about $576,000. Institutional investors own 54.60% of the company’s stock.

Clearfield Stock Up 1.4 %

Shares of Clearfield stock opened at $73.40 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.51 and a current ratio of 3.10. The company has a 50-day simple moving average of $100.95 and a two-hundred day simple moving average of $100.40. Clearfield, Inc. has a 52-week low of $44.15 and a 52-week high of $134.90. The stock has a market capitalization of $1.12 billion, a PE ratio of 20.68 and a beta of 1.42.

Clearfield (NASDAQ:CLFD – Get Rating) last released its quarterly earnings data on Thursday, November 17th. The communications equipment provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.42. Clearfield had a net margin of 18.22% and a return on equity of 37.81%. The firm had revenue of $95.03 million during the quarter, compared to analysts’ expectations of $69.30 million. On average, analysts anticipate that Clearfield, Inc. will post 4.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CLFD shares. Roth Capital started coverage on shares of Clearfield in a research report on Tuesday, January 17th. They set a “buy” rating and a $120.00 price target for the company. Northland Securities lifted their price target on shares of Clearfield from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 18th. Cowen started coverage on shares of Clearfield in a research report on Wednesday, January 4th. They set an “outperform” rating and a $141.00 price target for the company. StockNews.com raised shares of Clearfield from a “sell” rating to a “hold” rating in a research report on Tuesday, January 17th. Finally, Cowen assumed coverage on shares of Clearfield in a research report on Wednesday, January 4th. They set an “outperform” rating and a $141.00 price target for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Clearfield currently has an average rating of “Moderate Buy” and a consensus price target of $132.00.

Clearfield Profile

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Clearfield, Inc manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures.