Dean Investment Associates LLC Reduces Position in Encore Wire Co. (WIRE)

Dean Investment Associates LLC decreased its holdings in Encore Wire Co. (NASDAQ:WIRE) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,280 shares of the electronics maker’s stock after selling 2,525 shares during the quarter. Dean Investment Associates LLC owned 0.34% of Encore Wire worth $3,527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Encore Wire by 4.3% in the third quarter. BlackRock Inc. now owns 2,922,653 shares of the electronics maker’s stock worth $146,426,000 after buying an additional 120,757 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Encore Wire by 1.9% in the third quarter. Vanguard Group Inc now owns 1,978,749 shares of the electronics maker’s stock worth $99,135,000 after buying an additional 36,993 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Encore Wire by 1.9% in the third quarter. Vanguard Group Inc. now owns 1,978,749 shares of the electronics maker’s stock worth $99,135,000 after buying an additional 36,993 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Encore Wire by 0.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,202,453 shares of the electronics maker’s stock worth $60,339,000 after buying an additional 3,709 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its holdings in shares of Encore Wire by 4.9% in the third quarter. Frontier Capital Management Co. LLC now owns 1,068,595 shares of the electronics maker’s stock worth $53,537,000 after buying an additional 50,187 shares during the last quarter. 89.95% of the stock is currently owned by institutional investors.

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Shares of NASDAQ:WIRE opened at $54.21 on Friday. Encore Wire Co. has a 1-year low of $40.96 and a 1-year high of $58.70. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.63 and a beta of 1.37.

A number of equities analysts recently issued reports on the stock. Sidoti downgraded shares of Encore Wire from a “buy” rating to a “neutral” rating and set a $58.00 price objective on the stock. in a report on Wednesday. Zacks Investment Research downgraded shares of Encore Wire from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. BidaskClub raised shares of Encore Wire from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, DA Davidson set a $60.00 price objective on shares of Encore Wire and gave the stock a “buy” rating in a report on Tuesday, December 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Encore Wire currently has an average rating of “Hold” and an average target price of $58.67.

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Encore Wire Profile

Encore Wire Corporation manufactures and sells electrical building wire and cable products for interior electrical wiring in the United States. Its products include NM-B cable for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2, metal-clad, and armored cables for use primarily as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; and other types of wire products.

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