Hodges Capital Management Inc. Increases Stake in Plexus Corp. $PLXS

Hodges Capital Management Inc. lifted its stake in Plexus Corp. (NASDAQ:PLXS) by 47.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,950 shares of the technology company’s stock after purchasing an additional 5,795 shares during the quarter. Hodges Capital Management Inc.’s holdings in Plexus were worth $2,639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Allworth Financial LP raised its position in shares of Plexus by 20.8% in the 4th quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock valued at $44,000 after purchasing an additional 52 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Plexus by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock valued at $908,000 after purchasing an additional 71 shares during the last quarter. Uncommon Cents Investing LLC raised its position in shares of Plexus by 0.8% in the 4th quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock valued at $1,459,000 after purchasing an additional 75 shares during the last quarter. Choreo LLC raised its position in shares of Plexus by 1.9% in the 4th quarter. Choreo LLC now owns 5,131 shares of the technology company’s stock valued at $767,000 after purchasing an additional 94 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Plexus by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 5,228 shares of the technology company’s stock valued at $769,000 after purchasing an additional 161 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Zacks Research lowered shares of Plexus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Benchmark reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Plexus in a research report on Monday, March 16th. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Raymond James Financial reissued an “outperform” rating and set a $275.00 price target on shares of Plexus in a research report on Thursday, April 30th. Finally, Weiss Ratings raised shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $238.33.

Plexus Price Performance

NASDAQ:PLXS opened at $275.51 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 40.28 and a beta of 0.89. The company has a 50 day moving average price of $250.06 and a 200-day moving average price of $202.77. Plexus Corp. has a 1-year low of $115.35 and a 1-year high of $292.33.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.18. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Equities research analysts forecast that Plexus Corp. will post 5.98 EPS for the current year.

Insider Activity

In other news, insider Victor (Pang Hau) Tan sold 3,000 shares of Plexus stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $271.23, for a total transaction of $813,690.00. Following the completion of the transaction, the insider directly owned 10,457 shares of the company’s stock, valued at $2,836,252.11. The trade was a 22.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd P. Kelsey sold 3,000 shares of Plexus stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $268.45, for a total transaction of $805,350.00. Following the transaction, the chief executive officer directly owned 74,888 shares of the company’s stock, valued at approximately $20,103,683.60. This trade represents a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,981 shares of company stock valued at $5,704,208 in the last three months. 1.78% of the stock is currently owned by corporate insiders.

Plexus 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.