Houston Wire & Cable Company (HWCC) Scheduled to Post Quarterly Earnings on Thursday
Houston Wire & Cable Company (NASDAQ:HWCC) will be issuing its quarterly earnings data on Thursday, November 9th.
In related news, Director Roy W. Haley acquired 10,000 shares of Houston Wire & Cable stock in a transaction dated Thursday, August 24th. The stock was acquired at an average cost of $4.87 per share, with a total value of $48,700.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $48,700. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.00% of the company’s stock.
An institutional investor recently raised its position in Houston Wire & Cable stock. Northern Trust Corp increased its position in shares of Houston Wire & Cable Company (NASDAQ:HWCC) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,933 shares of the industrial products company’s stock after acquiring an additional 1,172 shares during the period. Northern Trust Corp owned about 0.30% of Houston Wire & Cable worth $260,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 67.77% of the company’s stock.
Several research firms have recently weighed in on HWCC. Zacks Investment Research raised Houston Wire & Cable from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. TheStreet lowered Houston Wire & Cable from a “c-” rating to a “d+” rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $8.00.
ILLEGAL ACTIVITY WARNING: This story was first posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/11/02/houston-wire-cable-company-hwcc-scheduled-to-post-quarterly-earnings-on-thursday.html.
Houston Wire & Cable Company Profile
Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. Its cable management program includes purchasing and storing inventory for product availability.
Receive News & Ratings for Houston Wire & Cable Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houston Wire & Cable Company and related companies with MarketBeat.com's FREE daily email newsletter.