Covington Investment Advisors Inc. Buys New Position in Proto Labs, Inc. $PRLB

Covington Investment Advisors Inc. bought a new stake in Proto Labs, Inc. (NYSE:PRLB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 61,907 shares of the industrial products company’s stock, valued at approximately $5,617,000. Covington Investment Advisors Inc. owned approximately 0.26% of Proto Labs as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Proto Labs in the second quarter valued at approximately $317,581,000. XXEC Inc. boosted its holdings in Proto Labs by 2,060.4% during the second quarter. XXEC Inc. now owns 1,261,547 shares of the industrial products company’s stock worth $111,461,682,000 after purchasing an additional 1,203,154 shares during the last quarter. Rubric Capital Management LP boosted its holdings in Proto Labs by 791.9% during the second quarter. Rubric Capital Management LP now owns 1,034,171 shares of the industrial products company’s stock worth $41,408,000 after purchasing an additional 918,219 shares during the last quarter. American Capital Management Inc. grew its position in Proto Labs by 126.0% in the fourth quarter. American Capital Management Inc. now owns 631,311 shares of the industrial products company’s stock valued at $31,938,000 after purchasing an additional 352,015 shares in the last quarter. Finally, Auto Owners Insurance Co grew its position in Proto Labs by 4,959.0% in the fourth quarter. Auto Owners Insurance Co now owns 227,655 shares of the industrial products company’s stock valued at $11,517,000 after purchasing an additional 223,155 shares in the last quarter. Institutional investors and hedge funds own 84.54% of the company’s stock.

Proto Labs Price Performance

Shares of PRLB stock opened at $79.48 on Monday. The company has a fifty day moving average price of $80.56 and a two-hundred day moving average price of $70.31. Proto Labs, Inc. has a one year low of $45.10 and a one year high of $93.00. The stock has a market cap of $1.90 billion, a P/E ratio of 63.58 and a beta of 1.40.

Proto Labs (NYSE:PRLB) last issued its earnings results on Friday, July 31st. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.07. Proto Labs had a net margin of 5.44% and a return on equity of 4.80%. The company had revenue of $149.34 million for the quarter, compared to analysts’ expectations of $144.53 million. During the same period in the prior year, the firm earned $0.41 EPS. Proto Labs’s quarterly revenue was up 10.5% compared to the same quarter last year. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. As a group, equities research analysts anticipate that Proto Labs, Inc. will post 1.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on PRLB shares. Wall Street Zen cut shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Weiss Ratings cut Proto Labs from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 18th. Needham & Company LLC raised Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Monday, August 3rd. Benchmark upped their target price on Proto Labs from $70.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Zacks Research raised Proto Labs from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $89.00.

Insider Transactions at Proto Labs

In other Proto Labs news, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $77.28, for a total value of $154,560.00. Following the sale, the director owned 32,505 shares in the company, valued at $2,511,986.40. This represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by corporate insiders.

Proto Labs Company Profile

Proto Labs, Inc is a digital manufacturing company that offers on-demand production services for custom parts and prototypes. Utilizing technologies such as 3D printing (additive manufacturing), CNC machining and injection molding, the company transforms digital CAD designs into functional parts on accelerated timelines. Its platform-driven process combines automated quoting, rapid tool generation and manufacturing execution to serve product developers, engineers and small- to medium-sized production runs.

Founded in 1999 by Larry Lukis, Proto Labs has championed the application of digital workflows to traditional manufacturing methods.