Plexus Corp. (PLXS) Chairman Dean A. Foate Sells 14,952 Shares
Plexus Corp. (NASDAQ:PLXS) Chairman Dean A. Foate sold 14,952 shares of the stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $50.19, for a total transaction of $750,440.88. Following the transaction, the chairman now owns 238,856 shares in the company, valued at $11,988,182.64. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of Plexus Corp. (NASDAQ:PLXS) traded up 0.55% during trading on Friday, hitting $50.92. 46,079 shares of the company traded hands. The stock has a market capitalization of $1.70 billion, a PE ratio of 22.73 and a beta of 1.12. Plexus Corp. has a 52-week low of $28.72 and a 52-week high of $51.11. The company has a 50-day moving average of $46.71 and a 200-day moving average of $45.26.
Plexus Corp. (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. The company had revenue of $653.06 million for the quarter, compared to analyst estimates of $670.53 million. Plexus Corp. had a net margin of 2.99% and a return on equity of 9.77%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. Equities analysts expect that Plexus Corp. will post $3.27 EPS for the current year.
A number of hedge funds have recently modified their holdings of PLXS. Vanguard Group Inc. raised its stake in shares of 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 period. BlackRock Fund Advisors increased its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 in the last quarter. Northern Trust Corp increased its position in shares of 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 in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position 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 in the last quarter. Institutional investors own 94.12% of the company’s stock.
A number of analysts have recently weighed in on PLXS shares. B. Riley cut shares of Plexus Corp. from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a report on Friday, July 22nd. Needham & Company LLC raised their price target on shares of Plexus Corp. from $50.00 to $52.00 and gave the company a “buy” rating in a report on Friday, July 22nd. Finally, Zacks Investment Research upgraded shares of Plexus Corp. from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Friday, July 22nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus 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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