Today, the VP & CFO of Encore Wire (NASDAQ: WIRE), Frank Bilban, bought shares of WIRE for $755.4K.
Following Frank Bilban’s last WIRE Buy transaction on April 16, 2015, the stock climbed by 10.4%.
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Based on Encore Wire’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $337 million and quarterly net profit of $18.09 million. In comparison, last year the company earned revenue of $292 million and had a net profit of $13.96 million. WIRE’s market cap is $1.04B and the company has a P/E ratio of 14.35. Currently, Encore Wire has an average volume of 50.92K.
The insider sentiment on Encore Wire has been positive according to 16 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Encore Wire Corp. engages in manufacturing copper electrical building wire and cable. The firm is a significant supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments and manufactured housing.
