American International Group Inc. Sells 2,522 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

American International Group Inc. lessened its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 78,119 shares of the company’s stock after selling 2,522 shares during the period. American International Group Inc. owned about 0.19% of Fox Factory worth $5,271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Fox Factory in the fourth quarter worth approximately $29,000. Quest Partners LLC bought a new position in Fox Factory during the fourth quarter valued at approximately $31,000. Operose Advisors LLC bought a new position in Fox Factory during the third quarter valued at approximately $37,000. CWM LLC lifted its position in Fox Factory by 54.1% during the fourth quarter. CWM LLC now owns 624 shares of the company’s stock valued at $42,000 after purchasing an additional 219 shares during the period. Finally, TFO Wealth Partners LLC lifted its position in Fox Factory by 14,180.0% during the fourth quarter. TFO Wealth Partners LLC now owns 714 shares of the company’s stock valued at $48,000 after purchasing an additional 709 shares during the period.

Fox Factory Stock Up 2.6 %

FOXF opened at $51.14 on Friday. The company has a market capitalization of $2.13 billion, a PE ratio of 28.57, a PEG ratio of 2.12 and a beta of 1.71. Fox Factory Holding Corp. has a 1-year low of $37.98 and a 1-year high of $117.68. The firm’s 50 day simple moving average is $44.67 and its two-hundred day simple moving average is $54.04. The company has a current ratio of 3.43, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. The firm had revenue of $333.50 million for the quarter, compared to the consensus estimate of $327.58 million. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. The company’s revenue was down 16.6% on a year-over-year basis. During the same period last year, the firm earned $1.20 EPS. As a group, equities analysts forecast that Fox Factory Holding Corp. will post 2.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FOXF shares. Stifel Nicolaus lowered their price objective on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, April 24th. Bank of America lowered their price objective on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Roth Mkm lowered their price objective on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. B. Riley reduced their target price on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Finally, Truist Financial increased their price target on shares of Fox Factory from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Fox Factory presently has an average rating of “Hold” and a consensus target price of $47.67.

Insider Activity

In other news, insider Thomas L. Fletcher sold 2,000 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $44.41, for a total transaction of $88,820.00. Following the sale, the insider now directly owns 11,311 shares in the company, valued at approximately $502,321.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Michael C. Dennison purchased 11,250 shares of Fox Factory stock in a transaction on Monday, June 10th. The shares were bought at an average cost of $44.30 per share, for a total transaction of $498,375.00. Following the acquisition, the chief executive officer now owns 130,266 shares in the company, valued at approximately $5,770,783.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas L. Fletcher sold 2,000 shares of Fox Factory stock in a transaction on Monday, June 10th. The shares were sold at an average price of $44.41, for a total transaction of $88,820.00. Following the completion of the sale, the insider now owns 11,311 shares in the company, valued at $502,321.51. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Fox Factory Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers 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; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.