Encore Wire Co. (NASDAQ:WIRE) VP Frank J. Bilban sold 15,000 shares of Encore Wire stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the sale, the vice president now owns 34,900 shares in the company, valued at $1,762,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Encore Wire Co. (NASDAQ WIRE) traded up $0.10 during trading on Tuesday, hitting $51.05. The company had a trading volume of 64,136 shares, compared to its average volume of 72,064. Encore Wire Co. has a 12-month low of $37.30 and a 12-month high of $51.50. The stock has a market capitalization of $1,060.54, a P/E ratio of 21.36, a PEG ratio of 2.41 and a beta of 2.31.

Encore Wire (NASDAQ:WIRE) last posted its quarterly earnings results on Tuesday, October 31st. The electronics maker reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.12. Encore Wire had a return on equity of 8.42% and a net margin of 4.53%. The firm had revenue of $292.00 million for the quarter, compared to the consensus estimate of $279.60 million. During the same period in the previous year, the business earned $0.29 earnings per share. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. research analysts predict that Encore Wire Co. will post 2.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be paid a $0.02 dividend. The ex-dividend date is Thursday, January 4th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.16%. Encore Wire’s dividend payout ratio (DPR) is presently 3.35%.

A number of analysts recently weighed in on WIRE shares. TheStreet upgraded Encore Wire from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Sidoti upgraded Encore Wire from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, December 6th. BidaskClub downgraded Encore Wire from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Finally, Zacks Investment Research upgraded Encore Wire from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th.

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Encore Wire by 2.8% during the second quarter. Vanguard Group Inc. now owns 1,833,564 shares of the electronics maker’s stock worth $78,294,000 after purchasing an additional 50,586 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Encore Wire by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,749,958 shares of the electronics maker’s stock worth $78,354,000 after purchasing an additional 7,650 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Encore Wire by 14.5% during the third quarter. Janus Henderson Group PLC now owns 1,080,586 shares of the electronics maker’s stock worth $48,383,000 after purchasing an additional 137,099 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in Encore Wire by 1.2% during the third quarter. Frontier Capital Management Co. LLC now owns 1,067,791 shares of the electronics maker’s stock worth $47,810,000 after purchasing an additional 13,118 shares during the last quarter. Finally, State Street Corp raised its holdings in Encore Wire by 3.3% during the second quarter. State Street Corp now owns 490,856 shares of the electronics maker’s stock worth $20,958,000 after purchasing an additional 15,670 shares during the last quarter. Hedge funds and other institutional investors own 88.92% of the company’s stock.

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About Encore Wire

Encore Wire Corporation is a manufacturer of electrical building wire and cable. The Company is a supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The Company manufactures electric building wire, principally NM-B cable, for use primarily as interior wiring in homes, apartments and manufactured housing, and THHN/THWN-2 cable and metal-clad and armored cable for use primarily as wiring in commercial and industrial buildings.

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