Plexus Corp. VP Todd P. Kelsey Sells 3,000 Shares (PLXS)
Plexus Corp. (NASDAQ:PLXS) VP Todd P. Kelsey sold 3,000 shares of Plexus Corp. stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $41.27, for a total transaction of $123,810.00. Following the completion of the transaction, the vice president now directly owns 25,876 shares in the company, valued at approximately $1,067,903. The sale was disclosed in a document filed with the SEC, which is available at this link.
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 investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $44.17.
Shares of Plexus Corp. (NASDAQ:PLXS) traded down 0.27% during mid-day trading on Thursday, hitting $40.95. The stock had a trading volume of 103,189 shares. Plexus Corp. has a 52 week low of $32.62 and a 52 week high of $45.53. The stock’s 50-day moving average is $40.67 and its 200-day moving average is $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 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.68 earnings per share. Plexus Corp.’s revenue was up 8.5% compared to the same quarter last year. Analysts expect that Plexus Corp. will post $2.74 EPS for the current fiscal year.
Plexus Corp. (NASDAQ:PLXS) and its subsidiaries deliver solutions to its customers through its Product Realization Value Stream.
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