Generac (NYSE:GNRC) Hits New 12-Month High - Time to Buy?

Generac Holdings Inc. (NYSE:GNRC - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $191.02 and last traded at $190.27, with a volume of 56545 shares trading hands. The stock had previously closed at $189.35.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GNRC. Northland Securities lifted their target price on Generac from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. Stifel Nicolaus reiterated a "buy" rating and issued a $175.00 target price (up previously from $145.00) on shares of Generac in a research report on Thursday, August 1st. Scotiabank lifted their target price on Generac from $147.00 to $160.00 and gave the company a "sector perform" rating in a research report on Monday, July 29th. Piper Sandler boosted their price target on Generac from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group upped their target price on Generac from $148.00 to $193.00 and gave the company a "buy" rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Generac has a consensus rating of "Moderate Buy" and an average price target of $169.10.

Generac Trading Up 3.1 %

The firm has a 50-day moving average price of $159.83 and a 200-day moving average price of $150.10. The stock has a market capitalization of $11.61 billion, a PE ratio of 40.48, a price-to-earnings-growth ratio of 2.32 and a beta of 1.37. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.27. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. As a group, equities analysts forecast that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the completion of the sale, the chief executive officer now owns 557,177 shares in the company, valued at $92,825,688.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the transaction, the chief executive officer now directly owns 557,177 shares of the company's stock, valued at $92,825,688.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares in the company, valued at $25,051,789.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,268 shares of company stock worth $7,584,853. 2.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Generac

Institutional investors have recently modified their holdings of the business. SouthState Corp bought a new position in shares of Generac in the third quarter worth about $32,000. Sunbelt Securities Inc. increased its stake in Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock worth $27,000 after acquiring an additional 100 shares during the last quarter. EntryPoint Capital LLC increased its stake in Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock worth $27,000 after acquiring an additional 90 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock worth $36,000 after purchasing an additional 97 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock worth $34,000 after purchasing an additional 220 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

About Generac

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.