Analysts Set Generac Holdings Inc. (NYSE:GNRC) PT at $165.40

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) has earned a consensus rating of "Hold" from the twenty-one analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $165.40.

A number of analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a research note on Tuesday. Roth Mkm lifted their price objective on shares of Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Tuesday. Piper Sandler lifted their price objective on shares of Generac from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Northland Securities lifted their price objective on shares of Generac from $160.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Generac from $139.00 to $156.00 and gave the stock an "equal weight" rating in a report on Thursday, August 1st.

Generac Stock Down 1.0 %

Shares of GNRC traded down $1.65 during mid-day trading on Friday, reaching $164.40. 515,470 shares of the stock traded hands, compared to its average volume of 928,932. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $155.89 and a 200 day simple moving average of $147.13. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 42.15, a P/E/G ratio of 2.15 and a beta of 1.38. Generac has a 12-month low of $79.86 and a 12-month high of $176.14.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.15. The business had revenue of $998.20 million during the quarter, compared to analyst estimates of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The business's revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Sell-side analysts expect that Generac will post 6.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now directly owns 562,177 shares in the company, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Generac

Several hedge funds and other institutional investors have recently bought and sold shares of GNRC. EntryPoint Capital LLC raised its position in Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock worth $27,000 after acquiring an additional 90 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock worth $27,000 after buying an additional 100 shares during the period. Capital Advisors Ltd. LLC raised its holdings in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock worth $34,000 after buying an additional 220 shares during the period. Blue Trust Inc. raised its holdings in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock worth $36,000 after buying an additional 97 shares during the period. Finally, Fairfield Financial Advisors LTD acquired a new stake in Generac during the 2nd quarter worth about $38,000. 84.04% of the stock is currently owned by institutional investors.

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.