Preformed Line Products (NASDAQ:PLPC) Raised to “Strong-Buy” at Freedom Capital

Posted by Stanley Muller on Aug 7th, 2026

Preformed Line Products (NASDAQ:PLPC – Get Free Report) was upgraded by stock analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

PLPC has been the topic of a number of other reports. Wall Street Zen raised Preformed Line Products from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Preformed Line Products in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $275.00.

View Our Latest Analysis on PLPC

Preformed Line Products Stock Performance

Shares of PLPC stock opened at $460.75 on Tuesday. Preformed Line Products has a one year low of $153.22 and a one year high of $497.00. The company’s 50-day moving average is $365.13 and its 200 day moving average is $317.91. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 51.89 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.78 and a current ratio of 2.99.

Preformed Line Products (NASDAQ:PLPC – Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $4.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $2.08. The business had revenue of $212.68 million during the quarter, compared to analysts’ expectations of $193.00 million. Preformed Line Products had a net margin of 5.82% and a return on equity of 10.64%.

Insider Activity

In related news, Director Glen E. Corlett sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $457.02, for a total transaction of $914,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 33.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Prudential Financial Inc. bought a new position in Preformed Line Products in the 2nd quarter worth $383,000. Hsbc Holdings PLC purchased a new stake in Preformed Line Products in the second quarter worth about $286,000. Arrowstreet Capital Limited Partnership increased its position in Preformed Line Products by 45.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 23,497 shares of the technology company’s stock worth $3,755,000 after buying an additional 7,332 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Preformed Line Products by 7.4% in the second quarter. First Trust Advisors LP now owns 24,412 shares of the technology company’s stock worth $3,901,000 after buying an additional 1,689 shares during the period. Finally, Jump Financial LLC bought a new position in shares of Preformed Line Products in the second quarter worth about $585,000. Hedge funds and other institutional investors own 41.19% of the company’s stock.

About Preformed Line Products

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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.