Insider Selling: Plexus Corp. CEO Unloads 5,000 Shares of Stock (PLXS)
Plexus Corp. (NASDAQ:PLXS) CEO Dean A. Foate sold 5,000 shares of Plexus Corp. stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $41.23, for a total value of $206,150.00. Following the transaction, the chief executive officer now directly owns 128,455 shares of the company’s stock, valued at approximately $5,296,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Plexus Corp. (NASDAQ:PLXS) traded down 0.27% during mid-day trading on Thursday, hitting $40.95. 103,189 shares of the company’s stock traded hands. Plexus Corp. has a 52 week low of $32.62 and a 52 week high of $45.53. The stock has a 50-day moving average of $40.67 and a 200-day moving average of $41.30. The company has a market cap of $1.382 billion and a P/E ratio of 16.98.
Plexus Corp. (NASDAQ:PLXS) last released its earnings data on Wednesday, July 16th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.02. The company had revenue of $620.50 million for the quarter, compared to the consensus estimate of $616.50 million. During the same quarter in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts expect that Plexus Corp. will post $2.74 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Plexus Corp. in a research note on Friday, July 18th. They now have a $42.00 price target on the stock. Analysts at Longbow Research upgraded shares of Plexus Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, July 18th. They now have a $50.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Plexus Corp. currently has a consensus rating of “Hold” and a consensus price target of $44.17.
Plexus Corp. (NASDAQ:PLXS) and its subsidiaries deliver solutions to its customers through its Product Realization Value Stream.
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