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 stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the transaction, the vice president now directly owns 34,900 shares in the company, valued at approximately $1,762,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Encore Wire Co. (WIRE) traded up $0.10 during mid-day trading on Tuesday, hitting $51.05. The company’s stock had a trading volume of 64,136 shares, compared to its average volume of 72,064. Encore Wire Co. has a one year low of $37.30 and a one year high of $51.50. The stock has a market cap of $1,060.54, a P/E ratio of 21.36, a P/E/G ratio of 2.41 and a beta of 2.31.

Encore Wire (NASDAQ:WIRE) last announced its earnings results on Tuesday, October 31st. The electronics maker reported $0.67 earnings per share for the quarter, beating the 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 company had revenue of $292.00 million for the quarter, compared to the consensus estimate of $279.60 million. During the same period last year, the business posted $0.29 EPS. The company’s revenue was up 23.1% on a year-over-year basis. research analysts expect that Encore Wire Co. will post 2.32 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Shareholders 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 annualized dividend and a dividend yield of 0.16%. Encore Wire’s dividend payout ratio (DPR) is currently 3.35%.

Hedge funds have recently made changes to their positions in the business. Piedmont Investment Advisors LLC purchased a new position in shares of Encore Wire in the 3rd quarter valued at approximately $202,000. SG Americas Securities LLC purchased a new position in shares of Encore Wire in the 3rd quarter valued at approximately $272,000. Crossmark Global Holdings Inc. purchased a new position in shares of Encore Wire in the 3rd quarter valued at approximately $273,000. Suntrust Banks Inc. grew its stake in shares of Encore Wire by 1.6% in the 2nd quarter. Suntrust Banks Inc. now owns 6,781 shares of the electronics maker’s stock valued at $289,000 after purchasing an additional 104 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Encore Wire by 62.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,835 shares of the electronics maker’s stock valued at $292,000 after purchasing an additional 2,634 shares during the last quarter. Institutional investors own 88.92% of the company’s stock.

Several research analysts have commented on the company. BidaskClub lowered Encore Wire from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. TheStreet raised Encore Wire from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Sidoti started coverage on Encore Wire in a research report on Thursday, October 19th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded Encore Wire from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th.

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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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