Leuthold Group LLC Invests $3.39 Million in Plexus Corp. $PLXS

Leuthold Group LLC bought a new position in Plexus Corp. (NASDAQ:PLXS) during the 2nd quarter, HoldingsChannel reports. The fund bought 25,081 shares of the technology company’s stock, valued at approximately $3,394,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Plexus by 7.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,955 shares of the technology company’s stock valued at $941,000 after purchasing an additional 484 shares during the period. Deutsche Bank AG raised its stake in shares of Plexus by 22.8% during the first quarter. Deutsche Bank AG now owns 47,997 shares of the technology company’s stock worth $6,150,000 after buying an additional 8,921 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Plexus by 666.3% in the first quarter. Acadian Asset Management LLC now owns 14,660 shares of the technology company’s stock valued at $1,876,000 after buying an additional 12,747 shares during the period. Ritholtz Wealth Management boosted its stake in Plexus by 109.8% in the second quarter. Ritholtz Wealth Management now owns 4,660 shares of the technology company’s stock valued at $631,000 after acquiring an additional 2,439 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Plexus in the second quarter valued at approximately $1,969,000. Institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

PLXS has been the topic of a number of analyst reports. Sidoti downgraded Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research note on Friday, October 24th. Stifel Nicolaus set a $150.00 price objective on Plexus in a report on Friday, October 24th. Wall Street Zen cut Plexus from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Needham & Company LLC upped their price target on Plexus from $158.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Plexus in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $159.00.

Insider Activity at Plexus

In related news, COO Oliver K. Mihm sold 2,327 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $143.18, for a total value of $333,179.86. Following the completion of the transaction, the chief operating officer directly owned 18,442 shares of the company’s stock, valued at approximately $2,640,525.56. This represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Angelo Michael Ninivaggi, Jr. sold 1,347 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $144.93, for a total value of $195,220.71. Following the transaction, the chief accounting officer owned 21,544 shares of the company’s stock, valued at approximately $3,122,371.92. This trade represents a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,172 shares of company stock worth $2,013,815 over the last ninety days. 1.76% of the stock is owned by corporate insiders.

Plexus Stock Down 0.5%

NASDAQ:PLXS opened at $143.12 on Friday. Plexus Corp. has a 1 year low of $103.43 and a 1 year high of $172.89. The stock has a 50-day moving average price of $143.36 and a two-hundred day moving average price of $136.98. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 22.86 and a beta of 0.80. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.30. Plexus had a return on equity of 12.77% and a net margin of 4.29%.The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business posted $1.85 EPS. Plexus’s revenue for the quarter was up .7% on a year-over-year basis. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. As a group, equities analysts expect that Plexus Corp. will post 5.9 earnings per share for the current year.

Plexus Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.