Congruence Capital LLC Makes New Investment in Preformed Line Products Company $PLPC

Posted by Brenda Bartman on Jun 14th, 2026

Congruence Capital LLC acquired a new position in shares of Preformed Line Products Company (NASDAQ:PLPC – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 15,414 shares of the technology company’s stock, valued at approximately $3,186,000. Preformed Line Products makes up approximately 1.2% of Congruence Capital LLC’s investment portfolio, making the stock its 26th biggest holding.

Several other large investors have also recently bought and sold shares of PLPC. HighTower Advisors LLC lifted its holdings in Preformed Line Products by 11.6% during the 4th quarter. HighTower Advisors LLC now owns 966,185 shares of the technology company’s stock worth $199,720,000 after buying an additional 100,113 shares in the last quarter. Informed Momentum Co LLC acquired a new position in Preformed Line Products during the 4th quarter worth $4,640,000. Arrowstreet Capital Limited Partnership lifted its holdings in Preformed Line Products by 81.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 42,713 shares of the technology company’s stock worth $8,378,000 after buying an additional 19,216 shares in the last quarter. Invesco Ltd. lifted its holdings in Preformed Line Products by 34.0% during the 3rd quarter. Invesco Ltd. now owns 63,076 shares of the technology company’s stock worth $12,372,000 after buying an additional 16,010 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Preformed Line Products by 199.2% during the 4th quarter. UBS Group AG now owns 22,629 shares of the technology company’s stock worth $4,678,000 after buying an additional 15,067 shares in the last quarter. Institutional investors and hedge funds own 41.19% of the company’s stock.

Preformed Line Products Stock Performance

Shares of Preformed Line Products stock opened at $375.42 on Friday. The firm has a fifty day moving average of $343.31 and a two-hundred day moving average of $278.28. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 54.02 and a beta of 0.90. Preformed Line Products Company has a 52 week low of $139.04 and a 52 week high of $397.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.78 and a current ratio of 3.01.

Preformed Line Products (NASDAQ:PLPC – Get Free Report) last issued its earnings results on Wednesday, April 29th. The technology company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.82 by $0.32. The company had revenue of $176.28 million during the quarter, compared to analysts’ expectations of $178.00 million. Preformed Line Products had a net margin of 4.92% and a return on equity of 8.96%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Freedom Capital downgraded Preformed Line Products from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Weiss Ratings cut shares of Preformed Line Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Preformed Line Products from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Loop Capital set a $275.00 target price on shares of Preformed Line Products in a research report on Monday, March 9th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $275.00.

Read Our Latest Report on PLPC

Preformed Line Products Profile

(Free Report)

Preformed Line Products Company (NASDAQ: PLPC) is a global manufacturer of engineered solutions for electric, telecommunications and industrial infrastructure networks. The company designs, engineers and produces a broad portfolio of products, including preformed wire and cable fittings, anchors, suspension and tension clamps, splice closures and optical fiber hardware. These durable components support the installation, repair and maintenance of overhead and underground systems, helping utilities and contractors manage reliability and safety in demanding environments.

Founded in 1947 and headquartered in Mayfield Village, Ohio, Preformed Line Products operates manufacturing facilities and distribution centers across North America, Europe and the Asia Pacific region.