Encore Wire Co. (NASDAQ:WIRE) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in Encore Wire Co. (NASDAQ:WIRE - Get Rating) by 33.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,554 shares of the electronics maker's stock after selling 5,928 shares during the period. Teacher Retirement System of Texas owned about 0.06% of Encore Wire worth $1,589,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WIRE. BlackRock Inc. raised its position in shares of Encore Wire by 0.9% during the 1st quarter. BlackRock Inc. now owns 3,124,572 shares of the electronics maker's stock worth $356,420,000 after purchasing an additional 28,777 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Encore Wire by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 2,239,317 shares of the electronics maker's stock worth $255,439,000 after purchasing an additional 30,523 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Encore Wire by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,590,369 shares of the electronics maker's stock worth $218,773,000 after purchasing an additional 14,038 shares during the last quarter. State Street Corp raised its position in shares of Encore Wire by 0.8% during the 2nd quarter. State Street Corp now owns 678,341 shares of the electronics maker's stock worth $70,506,000 after purchasing an additional 5,631 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Encore Wire by 1.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 377,686 shares of the electronics maker's stock worth $43,638,000 after purchasing an additional 5,861 shares during the last quarter. Institutional investors and hedge funds own 99.20% of the company's stock.

Shares of NASDAQ WIRE opened at $174.29 on Wednesday. Encore Wire Co. has a 12-month low of $94.39 and a 12-month high of $206.74. The stock has a market cap of $3.06 billion, a PE ratio of 4.92 and a beta of 1.33. The company has a 50-day moving average of $166.26 and a 200 day moving average of $162.70.

Encore Wire (NASDAQ:WIRE - Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The electronics maker reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.44 by $1.06. Encore Wire had a net margin of 22.87% and a return on equity of 39.17%. The company had revenue of $660.50 million during the quarter, compared to analysts' expectations of $684.01 million. During the same quarter in the prior year, the company earned $7.96 EPS. Encore Wire's revenue was down 8.7% compared to the same quarter last year. On average, sell-side analysts forecast that Encore Wire Co. will post 22.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $0.08 annualized dividend and a yield of 0.05%. Encore Wire's dividend payout ratio is presently 0.23%.

Several research analysts recently weighed in on WIRE shares. StockNews.com started coverage on shares of Encore Wire in a research report on Thursday, May 18th. They set a "buy" rating for the company. DA Davidson upped their price target on shares of Encore Wire from $200.00 to $250.00 in a research report on Thursday, February 16th.

Encore Wire Corp. engages in manufacturing copper electrical building wire and cable. It supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments and manufactured housing. The company was founded by Vincent A. Rego in 1989 and is headquartered in McKinney, TX.

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