Ameriprise Financial Inc. Has $11.63 Million Holdings in Encore Wire Corporation (WIRE)

Ameriprise Financial Inc. decreased its holdings in shares of Encore Wire Corporation (NASDAQ:WIRE) by 23.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 272,353 shares of the electronics maker’s stock after selling 82,326 shares during the period. Ameriprise Financial Inc. owned 1.31% of Encore Wire Corporation worth $11,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prudential Financial Inc. increased its position in shares of Encore Wire Corporation by 80.9% during the second quarter. Prudential Financial Inc. now owns 71,870 shares of the electronics maker’s stock valued at $3,069,000 after acquiring an additional 32,140 shares in the last quarter. Heartland Advisors Inc. increased its position in shares of Encore Wire Corporation by 9.3% during the second quarter. Heartland Advisors Inc. now owns 293,597 shares of the electronics maker’s stock valued at $12,537,000 after acquiring an additional 25,000 shares in the last quarter. Swiss National Bank increased its position in shares of Encore Wire Corporation by 2.9% during the first quarter. Swiss National Bank now owns 32,433 shares of the electronics maker’s stock valued at $1,492,000 after acquiring an additional 900 shares in the last quarter. State of Tennessee Treasury Department increased its position in shares of Encore Wire Corporation by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 19,540 shares of the electronics maker’s stock valued at $899,000 after acquiring an additional 2,949 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Encore Wire Corporation by 5.3% during the first quarter. Teachers Advisors LLC now owns 271,498 shares of the electronics maker’s stock valued at $12,489,000 after acquiring an additional 13,669 shares in the last quarter. 89.13% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Ameriprise Financial Inc. Has $11.63 Million Holdings in Encore Wire Corporation (WIRE)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/10/ameriprise-financial-inc-has-11-63-million-holdings-in-encore-wire-corporation-wire.html.

Shares of Encore Wire Corporation (WIRE) opened at 45.80 on Tuesday. Encore Wire Corporation has a 12 month low of $33.70 and a 12 month high of $49.75. The company’s 50 day moving average is $42.88 and its 200 day moving average is $42.78. The company has a market cap of $950.67 million, a P/E ratio of 22.67 and a beta of 2.25.

Encore Wire Corporation (NASDAQ:WIRE) last posted its quarterly earnings data on Tuesday, August 1st. The electronics maker reported $0.52 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.06). The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $282.25 million. Encore Wire Corporation had a return on equity of 7.42% and a net margin of 4.01%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 EPS. On average, equities research analysts predict that Encore Wire Corporation will post $2.20 EPS for the current fiscal year.

The company also recently disclosed 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 dividend yield of 0.17%. Encore Wire Corporation’s dividend payout ratio (DPR) is presently 3.98%.

Several equities research analysts recently weighed in on WIRE shares.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prudential Financial Inc. increased its position in shares of Encore Wire Corporation by 80.9% during the second quarter. Prudential Financial Inc. now owns 71,870 shares of the electronics maker’s stock valued at $3,069,000 after acquiring an additional 32,140 shares in the last quarter. Heartland Advisors Inc. increased its position in shares of Encore Wire Corporation by 9.3% during the second quarter. Heartland Advisors Inc. now owns 293,597 shares of the electronics maker’s stock valued at $12,537,000 after acquiring an additional 25,000 shares in the last quarter. Swiss National Bank increased its position in shares of Encore Wire Corporation by 2.9% during the first quarter. Swiss National Bank now owns 32,433 shares of the electronics maker’s stock valued at $1,492,000 after acquiring an additional 900 shares in the last quarter. State of Tennessee Treasury Department increased its position in shares of Encore Wire Corporation by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 19,540 shares of the electronics maker’s stock valued at $899,000 after acquiring an additional 2,949 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Encore Wire Corporation by 5.3% during the first quarter. Teachers Advisors LLC now owns 271,498 shares of the electronics maker’s stock valued at $12,489,000 after acquiring an additional 13,669 shares in the last quarter. 89.13% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Ameriprise Financial Inc. Has $11.63 Million Holdings in Encore Wire Corporation (WIRE)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/10/ameriprise-financial-inc-has-11-63-million-holdings-in-encore-wire-corporation-wire.html.

Shares of Encore Wire Corporation (WIRE) opened at 45.80 on Tuesday. Encore Wire Corporation has a 12 month low of $33.70 and a 12 month high of $49.75. The company’s 50 day moving average is $42.88 and its 200 day moving average is $42.78. The company has a market cap of $950.67 million, a P/E ratio of 22.67 and a beta of 2.25.

Encore Wire Corporation (NASDAQ:WIRE) last posted its quarterly earnings data on Tuesday, August 1st. The electronics maker reported $0.52 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.06). The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $282.25 million. Encore Wire Corporation had a return on equity of 7.42% and a net margin of 4.01%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 EPS. On average, equities research analysts predict that Encore Wire Corporation will post $2.20 EPS for the current fiscal year.

The company also recently disclosed 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 dividend yield of 0.17%. Encore Wire Corporation’s dividend payout ratio (DPR) is presently 3.98%.

Several equities research analysts recently weighed in on WIRE shares. Zacks Investment Research downgraded shares of Encore Wire Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. TheStreet downgraded shares of Encore Wire Corporation from a “b” rating to a “c+” rating in a research report on Friday, August 4th. Finally, BidaskClub downgraded shares of Encore Wire Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th.

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.

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

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