Preformed Line Products (NASDAQ:PLPC) Stock Price Up 16.4% – Time to Buy?

Posted by Brian Himes on Aug 4th, 2026

Preformed Line Products Company (NASDAQ:PLPC – Get Free Report)’s stock price was up 16.4% on Tuesday . The company traded as high as $396.46 and last traded at $416.8690. Approximately 56,966 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 126,171 shares. The stock had previously closed at $358.15.

Analyst Ratings Changes

PLPC has been the subject of several analyst reports. Wall Street Zen raised shares of Preformed Line Products from a “buy” rating to a “strong-buy” rating in a report on Saturday. Freedom Capital lowered Preformed Line Products from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Preformed Line Products in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $275.00.

Check Out Our Latest Analysis on PLPC

Preformed Line Products Price Performance

The stock’s fifty day moving average price is $360.69 and its 200-day moving average price is $313.56. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.78 and a current ratio of 3.01. The firm has a market cap of $2.07 billion, a PE ratio of 47.70 and a beta of 0.91.

Preformed Line Products (NASDAQ:PLPC – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $4.49 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $2.08. Preformed Line Products had a net margin of 5.82% and a return on equity of 10.77%. The firm had revenue of $212.68 million for the quarter, compared to the consensus estimate of $193.00 million.

Preformed Line Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.84 annualized dividend and a dividend yield of 0.2%. Preformed Line Products’s payout ratio is 9.46%.

Hedge Funds Weigh In On Preformed Line Products

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP boosted its position in Preformed Line Products by 234.3% during the second quarter. Wasatch Advisors LP now owns 377,367 shares of the technology company’s stock worth $154,932,000 after purchasing an additional 264,478 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Preformed Line Products during the 1st quarter worth $338,000. Bank of America Corp DE raised its stake in shares of Preformed Line Products by 26.4% during the 1st quarter. Bank of America Corp DE now owns 3,165 shares of the technology company’s stock worth $857,000 after buying an additional 661 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Preformed Line Products by 700.8% in the 1st quarter. Royal Bank of Canada now owns 2,010 shares of the technology company’s stock worth $544,000 after buying an additional 1,759 shares in the last quarter. Finally, Ranger Investment Management L.P. purchased a new stake in shares of Preformed Line Products in the 1st quarter worth about $5,069,000. 41.19% of the stock is owned by institutional investors and hedge funds.

About Preformed Line Products

(Get 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.