Murphy & Mullick Capital Management Corp Invests $277,000 in Generac Holdings Inc. (NYSE:GNRC)

Murphy & Mullick Capital Management Corp purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,785 shares of the technology company’s stock, valued at approximately $277,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Keystone Investors PTE Ltd. acquired a new stake in Generac during the 4th quarter worth $232,000. EntryPoint Capital LLC bought a new stake in shares of Generac in the fourth quarter worth about $534,000. Barnett & Company Inc. lifted its holdings in shares of Generac by 5.3% during the 4th quarter. Barnett & Company Inc. now owns 22,670 shares of the technology company’s stock valued at $3,515,000 after purchasing an additional 1,145 shares in the last quarter. Dillon & Associates Inc. grew its position in shares of Generac by 20.1% in the 4th quarter. Dillon & Associates Inc. now owns 15,163 shares of the technology company’s stock valued at $2,350,000 after purchasing an additional 2,542 shares during the period. Finally, Emerald Advisers LLC bought a new stake in Generac during the 4th quarter worth approximately $209,000. Institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

NYSE GNRC opened at $136.10 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $8.11 billion, a P/E ratio of 25.20, a P/E/G ratio of 1.44 and a beta of 1.50. The firm has a 50-day moving average price of $142.45 and a two-hundred day moving average price of $158.05. Generac Holdings Inc. has a 12-month low of $117.16 and a 12-month high of $195.94.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

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 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 of the company’s stock, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

GNRC has been the topic of a number of research reports. Citigroup cut their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Bank of America began coverage on shares of Generac in a research note on Monday. They issued a “buy” rating and a $182.00 target price for the company. Truist Financial decreased their price objective on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company dropped their target price on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Finally, Barclays started coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $174.38.

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.