Covington Investment Advisors Inc. Makes New Investment in Proto Labs, Inc. $PRLB

Covington Investment Advisors Inc. acquired a new stake in Proto Labs, Inc. (NYSE:PRLB) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 61,907 shares of the industrial products company’s stock, valued at approximately $5,617,000.

Other large investors also recently modified their holdings of the company. Rice Hall James & Associates LLC bought a new position in Proto Labs in the 2nd quarter valued at about $8,882,000. Quantinno Capital Management LP boosted its holdings in shares of Proto Labs by 98.9% during the first quarter. Quantinno Capital Management LP now owns 27,716 shares of the industrial products company’s stock worth $1,580,000 after acquiring an additional 13,781 shares during the period. State of Wyoming acquired a new position in shares of Proto Labs in the second quarter valued at approximately $1,334,000. Puzo Michael J acquired a new position in shares of Proto Labs in the second quarter valued at approximately $8,304,000. Finally, Somerville Kurt F acquired a new position in shares of Proto Labs in the second quarter valued at approximately $8,344,000. 84.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Proto Labs

In other news, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $77.28, for a total transaction of $154,560.00. Following the completion of the sale, the director directly owned 32,505 shares in the company, valued at approximately $2,511,986.40. This represents a 5.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

Proto Labs Trading Down 0.2%

Shares of PRLB opened at $79.48 on Monday. Proto Labs, Inc. has a 12 month low of $45.10 and a 12 month high of $93.00. The firm’s 50 day moving average is $80.56 and its 200-day moving average is $70.31. The stock has a market capitalization of $1.90 billion, a PE ratio of 63.58 and a beta of 1.40.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.07. The business had revenue of $149.34 million during the quarter, compared to analysts’ expectations of $144.53 million. Proto Labs had a return on equity of 4.80% and a net margin of 5.44%.The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. Equities research analysts predict that Proto Labs, Inc. will post 1.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PRLB has been the subject of several research reports. Benchmark lifted their price target on Proto Labs from $70.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Zacks Research raised Proto Labs from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Weiss Ratings cut Proto Labs from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Needham & Company LLC raised Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Monday, August 3rd. Finally, Wall Street Zen cut shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Proto Labs has an average rating of “Buy” and a consensus price target of $89.00.

Proto Labs Profile

Proto Labs, Inc is a digital manufacturing company that offers on-demand production services for custom parts and prototypes. Utilizing technologies such as 3D printing (additive manufacturing), CNC machining and injection molding, the company transforms digital CAD designs into functional parts on accelerated timelines. Its platform-driven process combines automated quoting, rapid tool generation and manufacturing execution to serve product developers, engineers and small- to medium-sized production runs.

Founded in 1999 by Larry Lukis, Proto Labs has championed the application of digital workflows to traditional manufacturing methods.