Mutual of America Capital Management LLC increased its holdings in shares of Encore Wire Corporation (NASDAQ:WIRE) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,167 shares of the electronics maker’s stock after purchasing an additional 1,082 shares during the period. Mutual of America Capital Management LLC owned approximately 0.63% of Encore Wire Corporation worth $5,601,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in WIRE. BlackRock Inc. lifted its holdings in shares of Encore Wire Corporation by 52,370.3% during the 1st quarter. BlackRock Inc. now owns 2,531,167 shares of the electronics maker’s stock valued at $116,433,000 after purchasing an additional 2,526,343 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Encore Wire Corporation by 88.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 459,350 shares of the electronics maker’s stock valued at $19,614,000 after purchasing an additional 215,500 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Encore Wire Corporation by 13.9% during the 1st quarter. Victory Capital Management Inc. now owns 1,379,521 shares of the electronics maker’s stock valued at $63,458,000 after purchasing an additional 167,990 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Encore Wire Corporation by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 1,782,978 shares of the electronics maker’s stock valued at $82,017,000 after purchasing an additional 98,933 shares in the last quarter. Finally, Ngam Advisors L.P. bought a new position in shares of Encore Wire Corporation during the 1st quarter valued at about $2,371,000. Institutional investors and hedge funds own 89.13% of the company’s stock.

Encore Wire Corporation (NASDAQ:WIRE) opened at 43.40 on Thursday. Encore Wire Corporation has a 12-month low of $33.70 and a 12-month high of $49.75. The stock’s 50 day moving average price is $41.01 and its 200 day moving average price is $42.95. The company has a market cap of $900.85 million, a PE ratio of 21.49 and a beta of 2.24.

Encore Wire Corporation (NASDAQ:WIRE) last released its earnings results on Tuesday, August 1st. The electronics maker reported $0.52 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.06). Encore Wire Corporation had a return on equity of 7.42% and a net margin of 4.01%. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $282.25 million. During the same period in the prior year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. Equities research analysts anticipate that Encore Wire Corporation will post $2.20 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.08 annualized dividend and a yield of 0.18%. Encore Wire Corporation’s dividend payout ratio is currently 3.98%.

Several research firms have recently weighed in on WIRE. Zacks Investment Research upgraded Encore Wire Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 25th. TheStreet cut Encore Wire Corporation from a “b” rating to a “c+” rating in a report on Friday, August 4th. Finally, BidaskClub cut Encore Wire Corporation from a “hold” rating to a “sell” rating in a report on Monday, August 14th.

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

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