Mason Street Advisors LLC purchased a new stake in shares of Plexus Corp. (NASDAQ:PLXS) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,519 shares of the company’s stock, valued at approximately $282,000.
Other institutional investors have also recently bought and sold shares of the company. Artemis Investment Management LLP purchased a new position in Plexus Corp. during the second quarter valued at approximately $15,547,000. Smith Asset Management Group LP raised its stake in Plexus Corp. by 205,750.0% in the second quarter. Smith Asset Management Group LP now owns 65,872 shares of the company’s stock valued at $2,846,000 after buying an additional 65,840 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Plexus Corp. by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 840,885 shares of the company’s stock valued at $33,232,000 after buying an additional 4,445 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Plexus Corp. by 29.0% in the first quarter. TIAA CREF Investment Management LLC now owns 142,198 shares of the company’s stock valued at $5,620,000 after buying an additional 31,985 shares in the last quarter. Finally, Swiss National Bank raised its stake in Plexus Corp. by 1.4% in the second quarter. Swiss National Bank now owns 56,200 shares of the company’s stock valued at $2,428,000 after buying an additional 800 shares in the last quarter. 92.97% of the stock is owned by hedge funds and other institutional investors.
Plexus Corp. (NASDAQ:PLXS) opened at 46.82 on Friday. Plexus Corp. has a 12 month low of $28.72 and a 12 month high of $47.94. The firm has a 50-day moving average price of $46.53 and a 200-day moving average price of $43.82. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 19.75 and a beta of 1.14.
Plexus Corp. (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The firm earned $667.60 million during the quarter, compared to the consensus estimate of $655.37 million. Plexus Corp. had a net margin of 3.16% and a return on equity of 9.95%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share. On average, equities analysts anticipate that Plexus Corp. will post $2.64 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on the company. B. Riley reiterated a “buy” rating and issued a $50.00 price objective on shares of Plexus Corp. in a research note on Thursday, June 16th. Zacks Investment Research upgraded Plexus Corp. from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Friday, July 22nd. Finally, Needham & Company LLC upped their price objective on Plexus Corp. from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, July 22nd. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $48.17.
In other news, VP Todd P. Kelsey sold 2,000 shares of Plexus Corp. stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $45.78, for a total value of $91,560.00. Following the completion of the sale, the vice president now directly owns 44,162 shares in the company, valued at $2,021,736.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ronnie Darroch sold 1,097 shares of Plexus Corp. stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $46.54, for a total transaction of $51,054.38. Following the completion of the sale, the insider now owns 722 shares of the company’s stock, valued at $33,601.88. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.
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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