Encore Wire Corporation (NASDAQ:WIRE) VP Frank J. Bilban sold 4,136 shares of Encore Wire Corporation stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $47.50, for a total value of $196,460.00. Following the completion of the transaction, the vice president now owns 61,150 shares in the company, valued at approximately $2,904,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Encore Wire Corporation (NASDAQ WIRE) traded up $0.20 during trading on Friday, reaching $45.55. The company’s stock had a trading volume of 70,046 shares, compared to its average volume of 84,478. The firm has a market capitalization of $967.91, a P/E ratio of 19.46 and a beta of 2.32.

Encore Wire Corporation (NASDAQ:WIRE) last issued its quarterly earnings results on Tuesday, October 31st. The electronics maker reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. Encore Wire Corporation 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 analysts’ expectations of $279.60 million. During the same period in the previous year, the firm posted $0.29 EPS. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. sell-side analysts forecast that Encore Wire Corporation will post 1.93 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.18%. Encore Wire Corporation’s dividend payout ratio is currently 3.35%.

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Institutional investors and hedge funds have recently modified their holdings of the company. Prudential Financial Inc. boosted its position in shares of Encore Wire Corporation by 80.9% in the 2nd quarter. Prudential Financial Inc. now owns 71,870 shares of the electronics maker’s stock worth $3,069,000 after purchasing an additional 32,140 shares in the last quarter. Heartland Advisors Inc. raised its holdings in Encore Wire Corporation by 9.3% in the 2nd quarter. Heartland Advisors Inc. now owns 293,597 shares of the electronics maker’s stock worth $12,537,000 after acquiring an additional 25,000 shares during the last quarter. Teachers Advisors LLC raised its holdings in Encore Wire Corporation by 5.3% in the 1st quarter. Teachers Advisors LLC now owns 271,498 shares of the electronics maker’s stock worth $12,489,000 after acquiring an additional 13,669 shares during the last quarter. BlackRock Inc. raised its holdings in Encore Wire Corporation by 52,370.3% in the 1st quarter. BlackRock Inc. now owns 2,531,167 shares of the electronics maker’s stock worth $116,433,000 after acquiring an additional 2,526,343 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Encore Wire Corporation by 4.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 175,737 shares of the electronics maker’s stock worth $7,504,000 after acquiring an additional 7,726 shares during the last quarter. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on WIRE shares. Zacks Investment Research cut Encore Wire Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Sidoti started coverage on Encore Wire Corporation in a research note on Thursday, October 19th. They issued a “neutral” rating on the stock. BidaskClub cut Encore Wire Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, TheStreet cut Encore Wire Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 4th.

Encore Wire Corporation Company Profile

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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