Ralf R. Boer Sells 3,627 Shares of Plexus Corp. (PLXS) Stock
Plexus Corp. (NASDAQ:PLXS) Director Ralf R. Boer sold 3,627 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $61.32, for a total transaction of $222,407.64. Following the completion of the transaction, the director now directly owns 23,735 shares in the company, valued at approximately $1,455,430.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Plexus Corp. (NASDAQ PLXS) traded up $0.01 during trading hours on Friday, reaching $60.94. 209,756 shares of the company’s stock were exchanged, compared to its average volume of 174,943. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.78 and a quick ratio of 1.06. The stock has a market capitalization of $2,050.00, a price-to-earnings ratio of 18.82 and a beta of 0.90. Plexus Corp. has a one year low of $49.06 and a one year high of $62.56.
Plexus Corp. (NASDAQ:PLXS) last released its earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. Plexus Corp. had a net margin of 4.43% and a return on equity of 11.48%. The firm had revenue of $670.00 million for the quarter, compared to analyst estimates of $676.23 million. During the same period in the prior year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. equities analysts forecast that Plexus Corp. will post 3.41 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC increased its stake in shares of Plexus Corp. by 2.8% during the third quarter. Mutual of America Capital Management LLC now owns 68,101 shares of the technology company’s stock worth $3,819,000 after buying an additional 1,861 shares during the period. Disciplined Growth Investors Inc. MN increased its stake in shares of Plexus Corp. by 0.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 3,038,867 shares of the technology company’s stock worth $159,753,000 after buying an additional 16,329 shares during the period. Principal Financial Group Inc. increased its stake in shares of Plexus Corp. by 3.8% during the second quarter. Principal Financial Group Inc. now owns 282,731 shares of the technology company’s stock worth $14,864,000 after buying an additional 10,388 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in shares of Plexus Corp. during the second quarter worth approximately $5,016,000. Finally, Great West Life Assurance Co. Can increased its stake in shares of Plexus Corp. by 2.4% during the second quarter. Great West Life Assurance Co. Can now owns 47,743 shares of the technology company’s stock worth $2,509,000 after buying an additional 1,100 shares during the period. Hedge funds and other institutional investors own 92.78% of the company’s stock.
A number of research analysts have commented on PLXS shares. ValuEngine raised shares of Plexus Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Deutsche Bank AG boosted their price target on shares of Plexus Corp. from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. Stifel Nicolaus reiterated a “hold” rating and set a $54.00 price target (up from $50.00) on shares of Plexus Corp. in a research note on Friday, July 21st. Citigroup Inc. boosted their price target on shares of Plexus Corp. from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Finally, J P Morgan Chase & Co lowered shares of Plexus Corp. from an “overweight” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Plexus Corp. currently has a consensus rating of “Hold” and a consensus target price of $57.86.
Plexus Corp. Company Profile
Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company 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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