Generac Holdings Inc. (NYSE:GNRC)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $88.44 and last traded at $87.36, with a volume of 7688 shares trading hands. The stock had previously closed at $86.01.
Several equities research analysts have commented on the stock. Robert W. Baird upgraded shares of Generac from a “neutral” rating to an “outperform” rating and raised their price target for the company from $64.00 to $86.00 in a research note on Monday, July 1st. Canaccord Genuity set a $80.00 price target on shares of Generac and gave the company a “hold” rating in a research note on Thursday, October 10th. Zacks Investment Research lowered shares of Generac from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Bank of America restated a “buy” rating and issued a $88.00 price target on shares of Generac in a research note on Monday, September 16th. Finally, ValuEngine lowered shares of Generac from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $82.60.
The firm’s 50 day simple moving average is $79.90 and its 200 day simple moving average is $67.66. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 2.67 and a beta of 1.15. The company has a quick ratio of 1.00, a current ratio of 2.19 and a debt-to-equity ratio of 1.18.
Generac (NYSE:GNRC) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.08 by $0.12. Generac had a net margin of 12.09% and a return on equity of 38.99%. The company had revenue of $541.90 million for the quarter, compared to analyst estimates of $538.96 million. During the same quarter last year, the business earned $1.11 earnings per share. Generac’s revenue was up 8.9% compared to the same quarter last year. Analysts anticipate that Generac Holdings Inc. will post 4.8 EPS for the current fiscal year.
In other news, insider Russell S. Minick sold 10,328 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $73.91, for a total value of $763,342.48. Following the completion of the transaction, the insider now directly owns 24,743 shares in the company, valued at $1,828,755.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Erik Wilde sold 7,587 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $71.44, for a total transaction of $542,015.28. Following the completion of the transaction, the executive vice president now owns 11,196 shares of the company’s stock, valued at $799,842.24. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of GNRC. GYL Financial Synergies LLC bought a new position in shares of Generac during the 1st quarter valued at $697,000. WINTON GROUP Ltd acquired a new stake in Generac in the 2nd quarter worth $520,000. First Hawaiian Bank grew its position in Generac by 12.1% in the 2nd quarter. First Hawaiian Bank now owns 6,850 shares of the technology company’s stock worth $475,000 after purchasing an additional 740 shares during the last quarter. KG&L Capital Management LLC acquired a new stake in Generac in the 2nd quarter worth $242,000. Finally, NEXT Financial Group Inc grew its position in Generac by 21.0% in the 2nd quarter. NEXT Financial Group Inc now owns 4,413 shares of the technology company’s stock worth $306,000 after purchasing an additional 765 shares during the last quarter. Institutional investors and hedge funds own 96.41% of the company’s stock.
About Generac (NYSE:GNRC)
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.
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