Quadrant Capital Group LLC Has $149,000 Stock Position in Encore Wire Co. (NASDAQ:WIRE)

Quadrant Capital Group LLC increased its stake in shares of Encore Wire Co. (NASDAQ:WIRE) by 19.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 696 shares of the electronics maker’s stock after purchasing an additional 115 shares during the period. Quadrant Capital Group LLC’s holdings in Encore Wire were worth $149,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WIRE. Seizert Capital Partners LLC bought a new stake in shares of Encore Wire in the 3rd quarter valued at about $24,143,000. LSV Asset Management raised its holdings in Encore Wire by 21.6% in the third quarter. LSV Asset Management now owns 574,828 shares of the electronics maker’s stock worth $104,883,000 after purchasing an additional 102,062 shares during the period. First Dallas Securities Inc. boosted its position in shares of Encore Wire by 226.5% during the third quarter. First Dallas Securities Inc. now owns 97,505 shares of the electronics maker’s stock worth $17,791,000 after purchasing an additional 67,640 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Encore Wire by 501.7% in the 3rd quarter. Stifel Financial Corp now owns 74,015 shares of the electronics maker’s stock valued at $13,505,000 after buying an additional 61,714 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Encore Wire by 10.7% in the 4th quarter. Pacer Advisors Inc. now owns 472,555 shares of the electronics maker’s stock valued at $100,938,000 after buying an additional 45,863 shares in the last quarter. Institutional investors own 99.82% of the company’s stock.

Analyst Ratings Changes

WIRE has been the subject of a number of research analyst reports. StockNews.com initiated coverage on Encore Wire in a research note on Sunday. They issued a “hold” rating for the company. Sidoti reiterated a “neutral” rating and issued a $290.00 price target on shares of Encore Wire in a report on Tuesday, April 16th. CJS Securities restated a “market perform” rating on shares of Encore Wire in a report on Friday, April 19th. Finally, DA Davidson lowered shares of Encore Wire from a “buy” rating to a “neutral” rating and set a $295.00 target price for the company. in a research note on Tuesday, April 16th.

Encore Wire Stock Down 0.8 %

Shares of WIRE opened at $277.14 on Thursday. Encore Wire Co. has a twelve month low of $150.51 and a twelve month high of $295.90. The stock has a market capitalization of $4.38 billion, a P/E ratio of 14.70 and a beta of 1.28. The company has a 50 day moving average of $269.29 and a 200-day moving average of $232.41.

Encore Wire (NASDAQ:WIRE) last released its earnings results on Tuesday, April 23rd. The electronics maker reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.27. Encore Wire had a net margin of 12.45% and a return on equity of 17.77%. The business had revenue of $632.66 million during the quarter, compared to the consensus estimate of $579.64 million. During the same quarter last year, the firm earned $6.50 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Encore Wire Co. will post 21.24 earnings per share for the current fiscal year.

Encore Wire Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Friday, July 5th. Encore Wire’s dividend payout ratio is currently 0.42%.

Encore Wire Company Profile

Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. It 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.