Truist Financial Lowers Generac (NYSE:GNRC) Price Target to $200.00

Generac (NYSE:GNRC - Get Free Report) had its target price lowered by research analysts at Truist Financial from $210.00 to $200.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Truist Financial's price target suggests a potential upside of 24.90% from the stock's current price.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group boosted their target price on Generac from $148.00 to $193.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Robert W. Baird lowered their target price on shares of Generac from $187.00 to $181.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Roth Mkm increased their target price on shares of Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Stifel Nicolaus boosted their price target on shares of Generac from $185.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Citigroup dropped their price objective on Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $174.30.

Generac Trading Down 0.0 %

NYSE GNRC traded down $0.01 during trading hours on Thursday, hitting $160.13. The company's stock had a trading volume of 603,816 shares, compared to its average volume of 678,432. Generac has a twelve month low of $108.89 and a twelve month high of $195.94. The firm has a market capitalization of $9.53 billion, a P/E ratio of 33.22, a PEG ratio of 1.59 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average of $172.01 and a 200 day moving average of $160.40.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the company posted $1.64 EPS. The business's revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts forecast that Generac will post 6.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the transaction, the executive vice president now owns 10,738 shares of the company's stock, valued at $1,971,282.04. The trade was a 22.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the sale, the chief executive officer now owns 570,825 shares in the company, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,268 shares of company stock worth $7,577,703. 2.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Generac

A number of institutional investors have recently added to or reduced their stakes in GNRC. Sunbelt Securities Inc. grew its position in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock valued at $27,000 after acquiring an additional 100 shares during the period. Modus Advisors LLC acquired a new stake in Generac in the 4th quarter valued at about $27,000. Versant Capital Management Inc grew its holdings in Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock worth $28,000 after purchasing an additional 145 shares during the period. Cranbrook Wealth Management LLC bought a new position in Generac during the fourth quarter worth about $28,000. Finally, Brooklyn Investment Group acquired a new position in Generac during the third quarter worth approximately $31,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

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.