On August 19, 2024, Todd Kelsey, President & Chief Executive Officer of Plexus Corp (NASDAQ:PLXS), sold 3,000 shares of the company. The transaction was documented in a recent SEC filing. Following this sale, the insider now owns 85,026 shares of Plexus Corp.
Plexus Corp specializes in providing design and manufacturing services to the Electronics Manufacturing Services (EMS) industry. The company provides product development, manufacturing, supply chain solutions and aftermarket services to companies in the healthcare/life sciences, industrial/commercial, communications and aerospace/defense sectors.
Over the past year, Todd Kelsey has sold a total of 79,689 shares and purchased no shares. This latest transaction continues a trend seen over the past year, when there were 43 insider sales and no insider purchases at Plexus Corp.
Plexus Corp shares were trading at $124.58 on the day of the sale. The company has a market capitalization of around $3.34 billion. The price-to-earnings ratio is 30.87, which is higher than both the industry median of 21.83 and the company’s historical median.
The GF Value of the stock is estimated at $99.56, which represents a Price to GF Value ratio of 1.25. This suggests that Plexus Corp is slightly overvalued.
The GF value is calculated based on historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, adjusted by a GuruFocus factor that takes into account past earnings and growth as well as Morningstar analyst estimates of future business performance.
This insider sale may be of interest to investors who monitor insider behavior as an indicator of the company’s future performance and valuation.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
