Shares of TESSCO Technologies Incorporated (NASDAQ:TESS) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Zacks has also given TESSCO Technologies an industry rank of 88 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of TESSCO Technologies from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research note on Friday, October 27th.

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A number of institutional investors have recently made changes to their positions in the business. Deprince Race & Zollo Inc. increased its holdings in TESSCO Technologies by 7.2% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 792,932 shares of the communications equipment provider’s stock valued at $9,872,000 after buying an additional 53,216 shares during the period. Dimensional Fund Advisors LP increased its holdings in TESSCO Technologies by 3.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 496,166 shares of the communications equipment provider’s stock valued at $6,177,000 after buying an additional 18,502 shares during the period. Tieton Capital Management LLC increased its holdings in TESSCO Technologies by 15.5% in the 3rd quarter. Tieton Capital Management LLC now owns 318,499 shares of the communications equipment provider’s stock valued at $3,965,000 after buying an additional 42,644 shares during the period. Vanguard Group Inc. increased its holdings in TESSCO Technologies by 62.6% in the 2nd quarter. Vanguard Group Inc. now owns 314,667 shares of the communications equipment provider’s stock valued at $4,185,000 after buying an additional 121,192 shares during the period. Finally, Crawford Investment Counsel Inc. increased its holdings in TESSCO Technologies by 1.4% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 87,101 shares of the communications equipment provider’s stock valued at $1,158,000 after buying an additional 1,226 shares during the period. 59.14% of the stock is currently owned by hedge funds and other institutional investors.

TESSCO Technologies (TESS) traded up $0.05 during trading hours on Wednesday, reaching $14.85. 11,000 shares of the company traded hands, compared to its average volume of 22,718. The firm has a market cap of $123.16, a PE ratio of 37.69 and a beta of 1.29. TESSCO Technologies has a 1 year low of $11.15 and a 1 year high of $18.00.

TESSCO Technologies (NASDAQ:TESS) last released its earnings results on Monday, October 23rd. The communications equipment provider reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.11. The firm had revenue of $145.08 million during the quarter, compared to analysts’ expectations of $141.97 million. TESSCO Technologies had a net margin of 0.51% and a return on equity of 3.09%. equities research analysts anticipate that TESSCO Technologies will post 0.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.39%. The ex-dividend date is Tuesday, November 7th. TESSCO Technologies’s dividend payout ratio (DPR) is presently 235.29%.

About TESSCO Technologies

TESSCO Technologies Incorporated architects and delivers the product and value chain solutions to organizations responsible for building, operating, maintaining and reselling cellular, mobile communications, wireless-fidelity (Wi-Fi), machine-to-machine, Internet of Things and wireless backhaul systems.

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