Encore Wire Corporation (NASDAQ:WIRE) VP Frank J. Bilban sold 4,136 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $47.50, for a total value of $196,460.00. Following the completion of the transaction, the vice president now owns 61,150 shares in the company, valued at approximately $2,904,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Encore Wire Corporation (NASDAQ WIRE) opened at $45.55 on Monday. The stock has a market cap of $948.14, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.96 and a beta of 2.32.

Encore Wire Corporation (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 consensus estimate of $0.55 by $0.12. Encore Wire Corporation had a return on equity of 8.42% and a net margin of 4.53%. The company had revenue of $292.00 million during the quarter, compared to analysts’ expectations of $279.60 million. During the same period in the prior year, the business earned $0.29 earnings per share. Encore Wire Corporation’s revenue for the quarter was up 23.1% compared to the same quarter last year. analysts anticipate that Encore Wire Corporation will post 2.32 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were given a $0.02 dividend. The ex-dividend date was Thursday, October 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.18%. Encore Wire Corporation’s dividend payout ratio is 3.35%.

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Several institutional investors and hedge funds have recently bought and sold shares of WIRE. Suntrust Banks Inc. lifted its position in Encore Wire Corporation by 1.6% in the second quarter. Suntrust Banks Inc. now owns 6,781 shares of the electronics maker’s stock worth $289,000 after purchasing an additional 104 shares during the period. Texas Permanent School Fund lifted its position in Encore Wire Corporation by 0.9% in the second quarter. Texas Permanent School Fund now owns 15,149 shares of the electronics maker’s stock worth $647,000 after purchasing an additional 136 shares during the period. Public Employees Retirement System of Ohio raised its stake in Encore Wire Corporation by 1.6% during the second quarter. Public Employees Retirement System of Ohio now owns 9,974 shares of the electronics maker’s stock worth $426,000 after acquiring an additional 154 shares in the last quarter. Legal & General Group Plc raised its stake in Encore Wire Corporation by 0.9% during the first quarter. Legal & General Group Plc now owns 34,420 shares of the electronics maker’s stock worth $1,582,000 after acquiring an additional 307 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Encore Wire Corporation by 0.8% during the second quarter. Rhumbline Advisers now owns 47,630 shares of the electronics maker’s stock worth $2,034,000 after acquiring an additional 381 shares in the last quarter. 89.08% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Encore Wire Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. TheStreet raised Encore Wire Corporation from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. BidaskClub cut Encore Wire Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Sidoti assumed coverage on Encore Wire Corporation in a research report on Thursday, October 19th. They set a “neutral” rating for the company.

About Encore Wire Corporation

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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