Insider Selling: Plexus Corp. Director Sells 6,250 Shares of Stock (PLXS)
Plexus Corp. (NASDAQ:PLXS) Director Philip R. Martens unloaded 6,250 shares of Plexus Corp. stock on the open market in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $41.88, for a total value of $261,750.00. Following the completion of the transaction, the director now directly owns 6,589 shares of the company’s stock, valued at approximately $275,947. The transaction was disclosed in a document filed with the SEC, which is available at this link.
PLXS has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Plexus Corp. from $36.00 to $42.00 in a research note to investors on Thursday, January 16th. They now have a “sector perform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Plexus Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. Finally, analysts at Raymond James downgraded shares of Plexus Corp. from a “market perform” rating to an “underperform” rating in a research note to investors on Monday, January 13th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.17.
Shares of Plexus Corp. (NASDAQ:PLXS) traded up 0.26% on Thursday, hitting $42.31. The stock had a trading volume of 205,808 shares. Plexus Corp. has a 52 week low of $23.57 and a 52 week high of $44.16. The stock has a 50-day moving average of $41.99 and a 200-day moving average of $37.57. The company has a market cap of $1.430 billion and a P/E ratio of 17.88.
Plexus Corp. (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $0.61 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.61. The company had revenue of $534.00 million for the quarter, compared to the consensus estimate of $535.04 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that Plexus Corp. will post $2.61 EPS for the current fiscal year.
Plexus Corp. (NASDAQ:PLXS) and its subsidiaries delivers solutions to its customers through its Product Realization Value Stream.
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