Shares of Houston Wire & Cable Company (NASDAQ:HWCC) have earned an average broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation. Houston Wire & Cable Company’s rating score has improved by 33.3% in the last three months as a result of various analysts’ ratings changes.

Brokerages have set a 12-month consensus price objective of $8.00 for the company, according to Zacks. Zacks has also assigned Houston Wire & Cable Company an industry rank of 204 out of 265 based on the ratings given to its competitors.

HWCC has been the topic of a number of analyst reports. ValuEngine raised shares of Houston Wire & Cable Company from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 16th. Zacks Investment Research downgraded shares of Houston Wire & Cable Company from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Finally, Raymond James Financial, Inc. raised shares of Houston Wire & Cable Company from a “market perform” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Wednesday, April 19th.

Several institutional investors have recently modified their holdings of HWCC. Dimensional Fund Advisors LP increased its position in shares of Houston Wire & Cable Company by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 987,879 shares of the industrial products company’s stock worth $6,668,000 after buying an additional 18,110 shares during the period. FMR LLC increased its position in shares of Houston Wire & Cable Company by 4.6% in the first quarter. FMR LLC now owns 1,523,188 shares of the industrial products company’s stock worth $10,282,000 after buying an additional 67,005 shares during the period. Isthmus Partners LLC increased its position in shares of Houston Wire & Cable Company by 4.5% in the first quarter. Isthmus Partners LLC now owns 83,526 shares of the industrial products company’s stock worth $564,000 after buying an additional 3,616 shares during the period. Brandes Investment Partners LP increased its position in shares of Houston Wire & Cable Company by 3.5% in the first quarter. Brandes Investment Partners LP now owns 289,248 shares of the industrial products company’s stock worth $2,075,000 after buying an additional 9,894 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its position in shares of Houston Wire & Cable Company by 30.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 87,150 shares of the industrial products company’s stock worth $588,000 after buying an additional 20,090 shares during the period. 70.77% of the stock is currently owned by institutional investors.

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Houston Wire & Cable Company (NASDAQ:HWCC) remained flat at $5.85 on Thursday. The stock had a trading volume of 10,610 shares. Houston Wire & Cable Company has a 52 week low of $5.05 and a 52 week high of $8.05. The stock’s market cap is $96.51 million. The company’s 50 day moving average is $6.25 and its 200 day moving average is $6.61.

Houston Wire & Cable Company (NASDAQ:HWCC) last posted its quarterly earnings data on Wednesday, May 10th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $78.71 million for the quarter, compared to analysts’ expectations of $70.14 million. Houston Wire & Cable Company had a negative return on equity of 4.09% and a negative net margin of 2.28%. Houston Wire & Cable Company’s revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) earnings per share. Equities research analysts predict that Houston Wire & Cable Company will post $0.10 EPS for the current year.

Houston Wire & Cable Company Company Profile

Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. Its cable management program includes purchasing and storing inventory for product availability.

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