Clearfield, Inc. (NASDAQ:CLFD) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System increased its position in Clearfield, Inc. (NASDAQ:CLFD - Free Report) by 38.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,426 shares of the communications equipment provider's stock after buying an additional 4,315 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Clearfield worth $719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its position in shares of Clearfield by 54.4% in the third quarter. Tower Research Capital LLC TRC now owns 690 shares of the communications equipment provider's stock worth $72,000 after buying an additional 243 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Clearfield during the first quarter worth about $55,000. State of Wyoming grew its position in shares of Clearfield by 140.6% in the 4th quarter. State of Wyoming now owns 854 shares of the communications equipment provider's stock worth $80,000 after acquiring an additional 499 shares in the last quarter. Steward Financial Group LLC acquired a new position in Clearfield in the fourth quarter worth $94,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Clearfield by 28.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,465 shares of the communications equipment provider's stock valued at $68,000 after buying an additional 323 shares during the period. Hedge funds and other institutional investors own 59.83% of the company's stock.

CLFD opened at $45.99 on Friday. Clearfield, Inc. has a 1 year low of $30.00 and a 1 year high of $134.90. The stock has a fifty day moving average price of $45.04 and a 200 day moving average price of $51.69. The company has a current ratio of 7.51, a quick ratio of 5.00 and a debt-to-equity ratio of 0.01. The stock has a market cap of $701.53 million, a price-to-earnings ratio of 12.07 and a beta of 1.35.

Clearfield (NASDAQ:CLFD - Get Free Report) last released its quarterly earnings results on Thursday, May 4th. The communications equipment provider reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.12. Clearfield had a net margin of 16.77% and a return on equity of 24.60%. The business had revenue of $71.81 million for the quarter, compared to the consensus estimate of $71.15 million. Analysts forecast that Clearfield, Inc. will post 1.81 EPS for the current fiscal year.

Several research firms have recently commented on CLFD. Lake Street Capital upped their price target on shares of Clearfield from $34.00 to $38.00 in a research report on Thursday, June 15th. Needham & Company LLC boosted their target price on shares of Clearfield from $50.00 to $60.00 in a report on Friday, June 16th. Finally, StockNews.com assumed coverage on shares of Clearfield in a research note on Thursday, May 18th. They set a "hold" rating for the company. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Clearfield currently has an average rating of "Moderate Buy" and a consensus target price of $96.33.

Clearfield, Inc manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures.

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