Janus Henderson Group PLC boosted its holdings in Encore Wire Co. (NASDAQ:WIRE) by 14.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,080,586 shares of the electronics maker’s stock after purchasing an additional 137,099 shares during the quarter. Janus Henderson Group PLC owned about 5.19% of Encore Wire worth $48,383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Suntrust Banks Inc. boosted its holdings in Encore Wire by 1.6% in the second 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 in the last quarter. Texas Permanent School Fund boosted its holdings in Encore Wire by 0.9% in the second quarter. Texas Permanent School Fund now owns 15,149 shares of the electronics maker’s stock valued at $647,000 after purchasing an additional 136 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Encore Wire by 1.6% in the second quarter. Public Employees Retirement System of Ohio now owns 9,974 shares of the electronics maker’s stock valued at $426,000 after purchasing an additional 154 shares in the last quarter. Rhumbline Advisers boosted its holdings in Encore Wire by 0.8% in the second quarter. Rhumbline Advisers now owns 47,630 shares of the electronics maker’s stock valued at $2,034,000 after purchasing an additional 381 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Encore Wire by 8.4% in the second quarter. Voya Investment Management LLC now owns 10,848 shares of the electronics maker’s stock valued at $463,000 after purchasing an additional 841 shares in the last quarter. 88.92% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Frank J. Bilban sold 9,814 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $48.30, for a total value of $474,016.20. Following the completion of the sale, the vice president now directly owns 56,934 shares of the company’s stock, valued at $2,749,912.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew D. Ford sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $46.00, for a total value of $46,000.00. Following the completion of the sale, the insider now directly owns 2,500 shares of the company’s stock, valued at $115,000. The disclosure for this sale can be found here. Insiders sold 16,507 shares of company stock valued at $790,449 over the last three months. Corporate insiders own 3.79% of the company’s stock.

Shares of Encore Wire Co. (WIRE) opened at $48.50 on Tuesday. The firm has a market capitalization of $1,000.17, a P/E ratio of 20.10, a PEG ratio of 2.07 and a beta of 2.31. Encore Wire Co. has a fifty-two week low of $37.30 and a fifty-two week high of $49.75.

Encore Wire (NASDAQ:WIRE) last posted its quarterly earnings data on Tuesday, October 31st. The electronics maker reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.12. The business had revenue of $292.00 million during the quarter, compared to the consensus estimate of $279.60 million. Encore Wire had a return on equity of 8.42% and a net margin of 4.53%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. research analysts anticipate that Encore Wire Co. will post 2.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Thursday, January 4th. Encore Wire’s payout ratio is currently 3.35%.

Several equities research analysts have recently weighed in on WIRE shares. TheStreet raised Encore Wire from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Sidoti raised Encore Wire from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Wednesday, December 6th. Finally, Zacks Investment Research raised Encore Wire from a “sell” rating to a “hold” rating in a report on Thursday, October 5th.

TRADEMARK VIOLATION NOTICE: This article was originally published by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.watchlistnews.com/encore-wire-co-wire-shares-bought-by-janus-henderson-group-plc/1772877.html.

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.

Institutional Ownership by Quarter for Encore Wire (NASDAQ:WIRE)

Receive News & Ratings for Encore Wire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Wire and related companies with MarketBeat.com's FREE daily email newsletter.