Hodges Capital Management Inc. Buys Shares of 12,155 Plexus Corp. $PLXS

Hodges Capital Management Inc. acquired a new stake in Plexus Corp. (NASDAQ:PLXS) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,155 shares of the technology company’s stock, valued at approximately $1,759,000.

A number of other hedge funds have also bought and sold shares of the company. Salomon & Ludwin LLC acquired a new position in Plexus in the third quarter valued at $30,000. Huntington National Bank raised its position in shares of Plexus by 41.5% in the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company’s stock worth $44,000 after acquiring an additional 95 shares in the last quarter. CWM LLC lifted its stake in shares of Plexus by 65.7% in the 2nd quarter. CWM LLC now owns 537 shares of the technology company’s stock valued at $73,000 after purchasing an additional 213 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Plexus by 583.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock valued at $78,000 after purchasing an additional 490 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Plexus by 33.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 806 shares of the technology company’s stock valued at $115,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Insiders Place Their Bets

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 4,303 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $203.06, for a total value of $873,767.18. Following the completion of the transaction, the chief accounting officer owned 20,099 shares in the company, valued at $4,081,302.94. This represents a 17.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Patrick John Jermain sold 4,841 shares of Plexus stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $204.01, for a total value of $987,612.41. Following the sale, the chief financial officer owned 20,469 shares in the company, valued at $4,175,880.69. The trade was a 19.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 34,671 shares of company stock valued at $6,832,649. 1.78% of the stock is currently owned by insiders.

Plexus Stock Performance

Shares of Plexus stock opened at $197.22 on Thursday. Plexus Corp. has a 52 week low of $103.43 and a 52 week high of $211.84. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $174.11 and a 200-day moving average price of $152.49. The company has a market cap of $5.28 billion, a PE ratio of 30.67 and a beta of 0.81.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.01. Plexus had a return on equity of 12.39% and a net margin of 4.28%.The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $1.73 earnings per share. Plexus’s revenue was up 9.6% compared to the same quarter last year. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Equities analysts anticipate that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Wall Street Zen downgraded shares of Plexus from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Needham & Company LLC increased their target price on shares of Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Williams Trading set a $195.00 price target on shares of Plexus in a report on Wednesday, January 28th. Finally, Benchmark upped their price objective on shares of Plexus from $165.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $189.20.

Plexus Company Profile

Plexus Corp. (NASDAQ: PLXS) is a global provider of electronics manufacturing services (EMS) and precision engineered electronics solutions. Headquartered in Neenah, Wisconsin, the company partners with original equipment manufacturers across industries such as medical, industrial, aerospace and defense, computing, and communications. Plexus offers a full suite of services that span new product introduction, product lifecycle management, supply chain management, printed circuit board assembly, system integration, and aftermarket support.

Founded in 1979, Plexus has grown from a regional electronics assembler into a multinational organization with manufacturing and engineering centers across North America, Europe, and Asia.