Hodges Capital Management Inc. Acquires 77,296 Shares of Generac Holdings Inc. (NYSE:GNRC)

Hodges Capital Management Inc. boosted its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 86.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,278 shares of the technology company's stock after buying an additional 77,296 shares during the quarter. Generac makes up about 1.7% of Hodges Capital Management Inc.'s holdings, making the stock its 14th biggest position. Hodges Capital Management Inc. owned about 0.28% of Generac worth $26,418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Advisors LLC lifted its position in shares of Generac by 47.8% during the 1st quarter. Cetera Advisors LLC now owns 6,534 shares of the technology company's stock worth $824,000 after purchasing an additional 2,114 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Generac during the second quarter worth approximately $293,000. Czech National Bank boosted its position in shares of Generac by 6.9% in the second quarter. Czech National Bank now owns 11,551 shares of the technology company's stock valued at $1,527,000 after acquiring an additional 744 shares during the period. Friedenthal Financial acquired a new stake in shares of Generac in the second quarter worth $797,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Generac by 13.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,661 shares of the technology company's stock valued at $748,000 after purchasing an additional 693 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on GNRC. The Goldman Sachs Group raised their price target on shares of Generac from $148.00 to $193.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Truist Financial lifted their target price on Generac from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Roth Mkm upped their price target on Generac from $160.00 to $175.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Stifel Nicolaus lifted their price objective on Generac from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their target price on Generac from $160.00 to $178.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $175.30.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the transaction, the chief executive officer now owns 557,177 shares in the company, valued at approximately $92,825,688.20. This trade represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the sale, the executive vice president now directly owns 10,738 shares of the company's stock, valued at approximately $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,268 shares of company stock valued at $7,584,853. 2.90% of the stock is currently owned by insiders.

Generac Trading Down 0.4 %

Shares of GNRC stock traded down $0.76 on Friday, reaching $179.22. 554,220 shares of the stock were exchanged, compared to its average volume of 654,075. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The stock has a market cap of $10.66 billion, a PE ratio of 37.18, a P/E/G ratio of 2.22 and a beta of 1.39. The stock has a 50 day moving average price of $176.21 and a 200 day moving average price of $156.62.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company's revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 EPS. Equities research analysts forecast that Generac Holdings Inc. will post 6.84 EPS for the current fiscal year.

Generac Company Profile

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.