Fox Run Management L.L.C. Invests $2.35 Million in Nextracker Inc. $NXT

Fox Run Management L.L.C. bought a new stake in Nextracker Inc. (NASDAQ:NXT) in the second quarter, HoldingsChannel reports. The fund bought 43,196 shares of the company’s stock, valued at approximately $2,349,000. Nextracker accounts for 0.4% of Fox Run Management L.L.C.’s portfolio, making the stock its 14th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Michigan Retirement System raised its stake in Nextracker by 0.6% during the second quarter. State of Michigan Retirement System now owns 34,600 shares of the company’s stock worth $1,881,000 after purchasing an additional 200 shares during the period. Flputnam Investment Management Co. raised its position in shares of Nextracker by 2.4% in the 1st quarter. Flputnam Investment Management Co. now owns 8,621 shares of the company’s stock worth $363,000 after buying an additional 201 shares during the period. Signaturefd LLC boosted its holdings in Nextracker by 10.2% in the first quarter. Signaturefd LLC now owns 2,583 shares of the company’s stock valued at $109,000 after acquiring an additional 239 shares during the last quarter. Trust Investment Advisors grew its position in Nextracker by 2.8% during the first quarter. Trust Investment Advisors now owns 9,609 shares of the company’s stock valued at $405,000 after acquiring an additional 258 shares during the period. Finally, Boston Partners increased its stake in Nextracker by 2.7% during the first quarter. Boston Partners now owns 10,494 shares of the company’s stock worth $442,000 after acquiring an additional 280 shares during the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Insider Transactions at Nextracker

In other Nextracker news, CFO Charles D. Boynton sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $67.21, for a total transaction of $302,445.00. Following the completion of the sale, the chief financial officer owned 295,059 shares in the company, valued at $19,830,915.39. This trade represents a 1.50% 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, President Howard Wenger sold 5,217 shares of Nextracker stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $75.00, for a total value of $391,275.00. Following the sale, the president owned 409,039 shares in the company, valued at $30,677,925. This represents a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 15,420 shares of company stock worth $1,092,930. Corporate insiders own 0.56% of the company’s stock.

Nextracker Trading Down 1.8%

Shares of NXT stock opened at $104.63 on Friday. The firm has a fifty day simple moving average of $81.73 and a 200-day simple moving average of $65.81. The company has a market capitalization of $15.48 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 2.66 and a beta of 2.31. Nextracker Inc. has a twelve month low of $33.29 and a twelve month high of $112.74.

Nextracker (NASDAQ:NXT) last released its quarterly earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.21. The firm had revenue of $905.27 million for the quarter, compared to the consensus estimate of $839.53 million. Nextracker had a net margin of 17.08% and a return on equity of 35.05%. Nextracker has set its FY 2026 guidance at 4.040-4.250 EPS. Equities research analysts predict that Nextracker Inc. will post 3.29 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on NXT. Northland Capmk lowered Nextracker from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Needham & Company LLC initiated coverage on shares of Nextracker in a research report on Wednesday, October 22nd. They set a “buy” rating and a $102.00 target price for the company. BMO Capital Markets lifted their price target on shares of Nextracker from $89.00 to $93.00 and gave the company a “market perform” rating in a research report on Friday, October 24th. Guggenheim set a $74.00 price objective on shares of Nextracker in a research note on Wednesday, October 22nd. Finally, Northland Securities reissued a “market perform” rating on shares of Nextracker in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.05.

Nextracker Company Profile

Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.