Plexus Corp. (PLXS) Chairman Dean A. Foate Sells 7,995 Shares
Plexus Corp. (NASDAQ:PLXS) Chairman Dean A. Foate sold 7,995 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $46.76, for a total value of $373,846.20. Following the transaction, the chairman now owns 241,692 shares of the company’s stock, valued at approximately $11,301,517.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Plexus Corp. (NASDAQ:PLXS) traded up 0.69% during mid-day trading on Thursday, reaching $48.32. The company had a trading volume of 38,927 shares. Plexus Corp. has a one year low of $28.72 and a one year high of $48.80. The stock has a 50 day moving average price of $46.22 and a 200 day moving average price of $44.95. The company has a market capitalization of $1.62 billion, a P/E ratio of 21.57 and a beta of 1.12.
Plexus Corp. (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The business earned $653.06 million during the quarter, compared to the consensus estimate of $670.53 million. Plexus Corp. had a return on equity of 9.77% and a net margin of 2.99%. Plexus Corp.’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. On average, equities analysts expect that Plexus Corp. will post $3.27 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Plexus Corp. by 4.3% in the second quarter. Vanguard Group Inc. now owns 2,809,236 shares of the company’s stock worth $121,359,000 after buying an additional 115,879 shares during the last quarter. BlackRock Fund Advisors increased its stake in Plexus Corp. by 8.4% in the third quarter. BlackRock Fund Advisors now owns 2,381,760 shares of the company’s stock worth $111,419,000 after buying an additional 184,109 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Plexus Corp. by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,261,023 shares of the company’s stock worth $97,675,000 after buying an additional 223,933 shares during the last quarter. Northern Trust Corp increased its stake in Plexus Corp. by 0.7% in the third quarter. Northern Trust Corp now owns 1,016,005 shares of the company’s stock worth $47,529,000 after buying an additional 7,503 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Plexus Corp. by 1.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 860,324 shares of the company’s stock worth $40,246,000 after buying an additional 16,094 shares during the last quarter. Institutional investors and hedge funds own 93.55% of the company’s stock.
Several equities analysts recently commented on the company. B. Riley restated a “neutral” rating and set a $50.00 target price on shares of Plexus Corp. in a research report on Sunday, August 14th. Needham & Company LLC set a $52.00 price objective on Plexus Corp. and gave the company a “buy” rating in a research report on Friday, September 16th. Finally, Zacks Investment Research downgraded Plexus Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Plexus Corp. currently has a consensus rating of “Hold” and an average price target of $49.80.
Plexus Corp. Company Profile
Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. Plexus delivers end-to-end solutions for customers in the Americas (AMER); Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.
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