Plexus Corp. (PLXS) Forms $62.61 Double Top; Aerojet Rocketdyne Holdings (AJRD) Shorts Raised By 3.08%

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Logo

Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) had an increase of 3.08% in short interest. AJRD’s SI was 8.03 million shares in April as released by FINRA. Its up 3.08% from 7.79 million shares previously. With 620,900 avg volume, 13 days are for Aerojet Rocketdyne Holdings Inc (NYSE:AJRD)’s short sellers to cover AJRD’s short positions. The SI to Aerojet Rocketdyne Holdings Inc’s float is 11.6%. The stock decreased 1.12% or $0.35 during the last trading session, reaching $30.89. About 455,069 shares traded. Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) has risen 27.60% since April 20, 2017 and is uptrending. It has outperformed by 16.05% the S&P500.

Plexus Corp. (PLXS) formed double top with $65.74 target or 5.00% above today’s $62.61 share price. Plexus Corp. (PLXS) has $2.11 billion valuation. The stock decreased 0.13% or $0.08 during the last trading session, reaching $62.61. About 114,376 shares traded. Plexus Corp. (NASDAQ:PLXS) has risen 1.46% since April 20, 2017 and is uptrending. It has underperformed by 10.09% the S&P500.

Aerojet Rocketdyne Holdings, Inc. designs, develops, makes, and sells aerospace and defense products and systems in the United States. The company has market cap of $2.33 billion. The firm operates in two divisions, Aerospace and Defense, and Real Estate. It currently has negative earnings. The Aerospace and Defense segment offers aerospace and defense products and systems for the U.S. government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors, as well as for the commercial sector.

Among 6 analysts covering Aerojet Rocketdyne Holdings (NYSE:AJRD), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Aerojet Rocketdyne Holdings had 8 analyst reports since January 19, 2017 according to SRatingsIntel. The rating was upgraded by C.L. King on Friday, September 22 to “Buy”. Oppenheimer maintained Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) on Friday, June 9 with “Buy” rating. SunTrust maintained Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) rating on Friday, November 3. SunTrust has “Buy” rating and $40.0 target. CL King upgraded the shares of AJRD in report on Friday, September 22 to “Buy” rating. As per Thursday, January 19, the company rating was initiated by Suntrust Robinson. On Monday, October 23 the stock rating was downgraded by Jefferies to “Hold”. As per Friday, March 31, the company rating was initiated by Jefferies.

Among 11 analysts covering Plexus (NASDAQ:PLXS), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. Plexus has $70 highest and $41 lowest target. $62.67’s average target is 0.10% above currents $62.61 stock price. Plexus had 28 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, July 21 by Citigroup. On Thursday, January 18 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, January 20. On Tuesday, October 13 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. As per Tuesday, October 10, the company rating was downgraded by JP Morgan. On Friday, March 16 the stock rating was maintained by JP Morgan with “Neutral”. RBC Capital Markets maintained the shares of PLXS in report on Thursday, October 12 with “Hold” rating. On Thursday, June 9 the stock rating was maintained by Citigroup with “Neutral”. J.P. Morgan upgraded Plexus Corp. (NASDAQ:PLXS) on Monday, August 28 to “Buy” rating. Longbow upgraded the stock to “Buy” rating in Monday, January 8 report.

Investors sentiment decreased to 0.65 in 2017 Q4. Its down 0.45, from 1.1 in 2017Q3. It is negative, as 22 investors sold Plexus Corp. shares while 79 reduced holdings. 23 funds opened positions while 43 raised stakes. 31.73 million shares or 1.43% more from 31.28 million shares in 2017Q3 were reported. Moreover, Louisiana State Employees Retirement has 0.04% invested in Plexus Corp. (NASDAQ:PLXS). Bank & Trust Of Montreal Can holds 1,844 shares or 0% of its portfolio. Los Angeles Cap Management & Equity Rech Inc invested in 56,155 shares. Pnc Finance Incorporated accumulated 0% or 10,131 shares. Gemmer Asset Ltd Llc holds 0% in Plexus Corp. (NASDAQ:PLXS) or 122 shares. Barrow Hanley Mewhinney And Strauss Limited has 0.13% invested in Plexus Corp. (NASDAQ:PLXS). Deutsche Bank & Trust Ag holds 138,411 shares. Rhumbline Advisers invested in 0.01% or 84,409 shares. 3,585 were accumulated by Appleton Group Limited Liability Corp. Assetmark Incorporated holds 0% or 50 shares in its portfolio. Principal Fincl Grp Inc Inc Inc accumulated 0.01% or 257,699 shares. State Of Tennessee Treasury Department has invested 0.01% in Plexus Corp. (NASDAQ:PLXS). 96,433 were reported by Tocqueville Asset L P. Stone Ridge Asset Mgmt Limited Liability accumulated 0.05% or 12,765 shares. Bnp Paribas Arbitrage invested in 0% or 17,615 shares.

Since January 22, 2018, it had 1 insider purchase, and 7 insider sales for $1.13 million activity. KELLY PETER also bought $600,500 worth of Plexus Corp. (NASDAQ:PLXS) shares. The insider Kelsey Todd P. sold $395,875. On Monday, February 5 the insider Darroch Ronnie sold $348,277. Shares for $151,825 were sold by DRURY DAVID J. $270,345 worth of Plexus Corp. (NASDAQ:PLXS) was sold by Jermain Patrick John on Wednesday, February 21. The insider CORTINOVIS STEPHEN P sold 6,250 shares worth $383,120.

Analysts await Plexus Corp. (NASDAQ:PLXS) to report earnings on April, 25 after the close. They expect $0.75 EPS, down 10.71% or $0.09 from last year’s $0.84 per share. PLXS’s profit will be $25.26 million for 20.87 P/E if the $0.75 EPS becomes a reality. After $0.75 actual EPS reported by Plexus Corp. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Plexus Corp. (NASDAQ:PLXS) Institutional Positions Chart