U.S. Capital Wealth Advisors LLC Invests $334,000 in Encore Wire Co. (NASDAQ:WIRE)

U.S. Capital Wealth Advisors LLC acquired a new stake in Encore Wire Co. (NASDAQ:WIRE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,566 shares of the electronics maker’s stock, valued at approximately $334,000.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Encore Wire by 69.2% during the 4th quarter. Blue Trust Inc. now owns 203 shares of the electronics maker’s stock worth $43,000 after buying an additional 83 shares during the period. Beaird Harris Wealth Management LLC acquired a new stake in shares of Encore Wire in the third quarter valued at about $91,000. GAMMA Investing LLC bought a new position in shares of Encore Wire in the fourth quarter worth about $99,000. Strs Ohio increased its position in Encore Wire by 40.0% in the 4th quarter. Strs Ohio now owns 700 shares of the electronics maker’s stock worth $149,000 after buying an additional 200 shares during the period. Finally, Childress Capital Advisors LLC bought a new position in Encore Wire during the third quarter worth $205,000. 99.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. CJS Securities restated a “market perform” rating on shares of Encore Wire in a research note on Friday, April 19th. DA Davidson downgraded shares of Encore Wire from a “buy” rating to a “neutral” rating and set a $295.00 price target on the stock. in a research report on Tuesday, April 16th. Sidoti reaffirmed a “neutral” rating and issued a $290.00 target price on shares of Encore Wire in a research note on Tuesday, April 16th. Finally, StockNews.com began coverage on shares of Encore Wire in a research note on Friday, May 3rd. They set a “hold” rating on the stock.

Encore Wire Price Performance

WIRE opened at $281.20 on Wednesday. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 14.92 and a beta of 1.28. The business’s 50-day moving average price is $257.75 and its two-hundred day moving average price is $224.81. Encore Wire Co. has a 1 year low of $150.51 and a 1 year high of $295.90.

Encore Wire (NASDAQ:WIRE) last announced its earnings results on Tuesday, April 23rd. The electronics maker reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.27. Encore Wire had a return on equity of 17.77% and a net margin of 12.45%. The business had revenue of $632.66 million for the quarter, compared to analyst estimates of $579.64 million. During the same quarter last year, the firm earned $6.50 EPS. Encore Wire’s revenue for the quarter was down 4.2% compared to the same quarter last year. Sell-side analysts anticipate that Encore Wire Co. will post 21.24 earnings per share for the current fiscal year.

Encore Wire Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, April 4th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.03%. Encore Wire’s dividend payout ratio is 0.42%.

Encore Wire Profile

Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. It offers NM-B cables, UF-B cables, THHN/THWN-2, XHHW-2, USE-2, RHH/RHW-2, and other types of wire products, including SEU, SER, photovoltaic, URD, tray cables, metal-clads, and armored cables.