Plexus Corp. (PLXS) Shares Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. increased its stake in Plexus Corp. (NASDAQ:PLXS) by 14.3% in the third quarter, Holdings Channel reports. The institutional investor owned 119,335 shares of the technology company’s stock after acquiring an additional 14,935 shares during the quarter. Hodges Capital Management Inc.’s holdings in Plexus were worth $6,982,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in Plexus by 3.9% during the second quarter. BlackRock Inc. now owns 4,511,927 shares of the technology company’s stock valued at $268,640,000 after purchasing an additional 167,870 shares during the last quarter. Victory Capital Management Inc. increased its stake in Plexus by 84.4% during the second quarter. Victory Capital Management Inc. now owns 723,178 shares of the technology company’s stock valued at $43,058,000 after purchasing an additional 330,937 shares during the last quarter. Voya Investment Management LLC increased its stake in Plexus by 7.5% during the second quarter. Voya Investment Management LLC now owns 413,923 shares of the technology company’s stock valued at $24,645,000 after purchasing an additional 28,924 shares during the last quarter. Cooke & Bieler LP increased its stake in Plexus by 40.8% during the second quarter. Cooke & Bieler LP now owns 376,560 shares of the technology company’s stock valued at $22,420,000 after purchasing an additional 109,130 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Plexus by 5.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 314,375 shares of the technology company’s stock valued at $18,718,000 after purchasing an additional 16,193 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Several analysts have weighed in on PLXS shares. ValuEngine lowered shares of Plexus from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. BidaskClub lowered shares of Plexus from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $70.00 target price on shares of Plexus in a research note on Friday, July 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $70.67.

PLXS stock opened at $57.92 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.06 and a quick ratio of 0.98. Plexus Corp. has a 1-year low of $52.44 and a 1-year high of $66.78. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 17.38 and a beta of 0.67.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.87 by $0.09. The business had revenue of $771.18 million during the quarter, compared to analyst estimates of $760.98 million. Plexus had a net margin of 0.45% and a return on equity of 11.98%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Equities research analysts predict that Plexus Corp. will post 3.75 earnings per share for the current fiscal year.

In other news, VP Ronnie Darroch sold 2,300 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $60.40, for a total transaction of $138,920.00. Following the completion of the transaction, the vice president now owns 9,918 shares in the company, valued at $599,047.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Dean A. Foate sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $63.07, for a total transaction of $630,700.00. Following the transaction, the chairman now owns 282,640 shares of the company’s stock, valued at approximately $17,826,104.80. The disclosure for this sale can be found here. Insiders have sold 96,116 shares of company stock valued at $5,961,892 in the last 90 days. Insiders own 3.70% of the company’s stock.

About Plexus

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers product conceptualization solutions; and product design and value-engineering solutions, including program management, feasibility studies, specification development for product features and functionality, circuit design, field programmable gate array design, printed circuit board layout, embedded software design, mechanical design, test specifications development and product verification testing, and automated production solutions and complex automation design.

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Institutional Ownership by Quarter for Plexus (NASDAQ:PLXS)

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