Mairs & Power Inc. Sells 31,441 Shares of Clearfield, Inc. $CLFD

Mairs & Power Inc. decreased its position in shares of Clearfield, Inc. (NASDAQ:CLFD) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 730,793 shares of the communications equipment provider’s stock after selling 31,441 shares during the period. Mairs & Power Inc. owned 5.29% of Clearfield worth $25,125,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CLFD. Tower Research Capital LLC TRC lifted its holdings in shares of Clearfield by 116.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock valued at $82,000 after purchasing an additional 1,012 shares during the last quarter. Strs Ohio purchased a new position in Clearfield during the 1st quarter worth $131,000. Quantbot Technologies LP purchased a new position in Clearfield during the 3rd quarter worth $202,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Clearfield by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock valued at $215,000 after buying an additional 312 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Clearfield during the 3rd quarter valued at about $217,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CLFD. Roth Mkm lowered their price target on Clearfield from $50.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, November 25th. Wall Street Zen downgraded shares of Clearfield from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clearfield in a research note on Wednesday, January 21st. Northland Securities raised shares of Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Wednesday, November 26th. Finally, Needham & Company LLC cut their price target on shares of Clearfield from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Clearfield currently has an average rating of “Moderate Buy” and a consensus price target of $43.50.

Clearfield Stock Performance

Shares of CLFD stock opened at $29.01 on Tuesday. Clearfield, Inc. has a fifty-two week low of $23.78 and a fifty-two week high of $46.76. The firm has a market capitalization of $397.15 million, a PE ratio of -59.20 and a beta of 1.93. The stock’s 50-day simple moving average is $31.04 and its 200-day simple moving average is $31.87.

Clearfield (NASDAQ:CLFD) last issued its earnings results on Wednesday, February 4th. The communications equipment provider reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Clearfield had a positive return on equity of 1.72% and a negative net margin of 3.93%.The firm had revenue of $34.34 million for the quarter, compared to analyst estimates of $31.77 million. Clearfield has set its FY 2026 guidance at 0.480-0.620 EPS and its Q2 2026 guidance at -0.100–0.020 EPS. Sell-side analysts forecast that Clearfield, Inc. will post -0.29 earnings per share for the current year.

Clearfield declared that its Board of Directors has initiated a stock buyback plan on Tuesday, November 25th that authorizes the company to repurchase $85.00 million in shares. This repurchase authorization authorizes the communications equipment provider to buy up to 22% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Clearfield

In other Clearfield news, Director Donald R. Hayward sold 3,595 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $32.00, for a total value of $115,040.00. Following the sale, the director directly owned 10,870 shares of the company’s stock, valued at approximately $347,840. This represents a 24.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.80% of the stock is owned by corporate insiders.

Clearfield Company Profile

Clearfield, Inc (NASDAQ: CLFD) is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company’s core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield’s modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.