Goodman Financial Corp Sells 10,342 Shares of Nextpower Inc. $NXT

Goodman Financial Corp lessened its holdings in Nextpower Inc. (NASDAQ:NXT) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 330,263 shares of the company’s stock after selling 10,342 shares during the period. Nextpower comprises approximately 4.8% of Goodman Financial Corp’s portfolio, making the stock its 4th biggest position. Goodman Financial Corp owned about 0.22% of Nextpower worth $24,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NXT. Cullen Frost Bankers Inc. lifted its stake in Nextpower by 122.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock worth $32,000 after acquiring an additional 324 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Nextpower by 1,737.8% in the second quarter. Hantz Financial Services Inc. now owns 827 shares of the company’s stock worth $45,000 after purchasing an additional 782 shares in the last quarter. MAI Capital Management lifted its position in shares of Nextpower by 309.4% in the second quarter. MAI Capital Management now owns 831 shares of the company’s stock worth $45,000 after purchasing an additional 628 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Nextpower by 179.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock worth $61,000 after purchasing an additional 724 shares during the period. Finally, Fifth Third Bancorp grew its position in Nextpower by 15.9% during the third quarter. Fifth Third Bancorp now owns 1,264 shares of the company’s stock valued at $94,000 after purchasing an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Insider Buying and Selling at Nextpower

In other news, Director William D. Watkins sold 5,000 shares of Nextpower stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $118.57, for a total value of $592,850.00. Following the transaction, the director directly owned 11,777 shares in the company, valued at approximately $1,396,398.89. The trade was a 29.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO David P. Bennett sold 33,725 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $88.08, for a total value of $2,970,498.00. Following the transaction, the chief accounting officer directly owned 130,967 shares of the company’s stock, valued at $11,535,573.36. This represents a 20.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NXT. Needham & Company LLC increased their target price on shares of Nextpower from $103.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Royal Bank Of Canada increased their price objective on Nextpower from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, November 13th. Wells Fargo & Company boosted their target price on Nextpower from $109.00 to $127.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Bank of America upped their target price on Nextpower from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Robert W. Baird set a $126.00 price target on Nextpower in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.32.

Nextpower Stock Performance

Shares of NASDAQ NXT opened at $119.34 on Monday. The business’s 50-day simple moving average is $102.59 and its 200-day simple moving average is $88.40. Nextpower Inc. has a 52 week low of $36.06 and a 52 week high of $131.59. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 30.52, a P/E/G ratio of 3.51 and a beta of 2.34.

Nextpower (NASDAQ:NXT) last announced its earnings results on Tuesday, January 27th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.17. Nextpower had a return on equity of 32.01% and a net margin of 16.43%.The firm had revenue of $909.35 million during the quarter, compared to analysts’ expectations of $812.43 million. As a group, equities research analysts forecast that Nextpower Inc. will post 3.29 earnings per share for the current year.

About Nextpower

Nextpower, formerly known as Nextracker, is traded on NASDAQ under the symbol NXT and is a leading provider of advanced solar tracking solutions for utility-scale and distributed energy projects. The company specializes in the design, engineering and manufacturing of single-axis tracker systems that optimize the capture of solar energy by following the sun’s trajectory throughout the day. Nextpower’s core hardware offerings aim to enhance energy yield, reduce balance-of-system costs and simplify installation and maintenance for downstream solar developers and operators.

In addition to its tracker hardware, Nextpower provides a suite of digital software and analytics tools to maximize asset performance.