Texas Permanent School Fund Corp increased its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF – Free Report) by 33.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,905 shares of the company’s stock after acquiring an additional 9,516 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.09% of Fox Factory worth $4,601,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. California Public Employees Retirement System increased its holdings in shares of Fox Factory by 1.0% in the 4th quarter. California Public Employees Retirement System now owns 95,812 shares of the company’s stock valued at $8,741,000 after acquiring an additional 980 shares during the period. Whittier Trust Co. increased its stake in Fox Factory by 1.2% in the 1st quarter. Whittier Trust Co. now owns 42,767 shares of the company’s stock valued at $5,190,000 after buying an additional 491 shares during the period. Vestmark Advisory Solutions Inc. increased its stake in Fox Factory by 13.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 6,954 shares of the company’s stock valued at $634,000 after buying an additional 817 shares during the period. ExodusPoint Capital Management LP increased its stake in Fox Factory by 227.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 14,613 shares of the company’s stock valued at $1,333,000 after buying an additional 10,146 shares during the period. Finally, Bessemer Group Inc. increased its stake in Fox Factory by 8.8% in the 4th quarter. Bessemer Group Inc. now owns 71,367 shares of the company’s stock valued at $6,511,000 after buying an additional 5,796 shares during the period.
Insider Activity
In other news, insider Christopher Tutton sold 2,279 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $94.42, for a total transaction of $215,183.18. Following the completion of the transaction, the insider now owns 13,242 shares of the company’s stock, valued at approximately $1,250,309.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Thomas L. Fletcher sold 658 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $88.50, for a total value of $58,233.00. Following the completion of the sale, the insider now owns 6,142 shares of the company’s stock, valued at $543,567. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Tutton sold 2,279 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $94.42, for a total transaction of $215,183.18. Following the completion of the sale, the insider now directly owns 13,242 shares of the company’s stock, valued at approximately $1,250,309.64. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Wall Street Analyst Weigh In
Fox Factory Stock Down 1.2 %
Shares of NASDAQ FOXF opened at $112.63 on Monday. The firm has a market cap of $4.76 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 2.00 and a beta of 1.86. The firm’s 50 day moving average price is $100.39 and its 200 day moving average price is $108.85. Fox Factory Holding Corp. has a 1 year low of $73.05 and a 1 year high of $127.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.98 and a current ratio of 3.48.
Fox Factory (NASDAQ:FOXF – Get Free Report) last posted its quarterly earnings data on Thursday, May 4th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. Fox Factory had a net margin of 12.25% and a return on equity of 20.99%. The company had revenue of $399.90 million during the quarter, compared to the consensus estimate of $393.85 million. During the same quarter in the prior year, the company posted $1.32 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fox Factory Holding Corp. will post 5.17 earnings per share for the current year.
Fox Factory Company Profile
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks.
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