Holley Inc. (NYSE:HLLY – Free Report) – Equities research analysts at Telsey Advisory Group dropped their FY2026 earnings per share estimates for shares of Holley in a research note issued on Wednesday, May 7th. Telsey Advisory Group analyst J. Feldman now forecasts that the company will post earnings of $0.32 per share for the year, down from their previous forecast of $0.39. Telsey Advisory Group has a “Outperform” rating and a $2.75 price objective on the stock. The consensus estimate for Holley’s current full-year earnings is $0.12 per share.
Other analysts also recently issued reports about the stock. Canaccord Genuity Group cut their target price on shares of Holley from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Raymond James boosted their target price on shares of Holley from $3.00 to $3.50 and gave the company an “outperform” rating in a research note on Wednesday, March 12th. Benchmark downgraded Holley from a “buy” rating to a “hold” rating and set a $5.00 price objective for the company. in a research note on Friday, May 9th. Finally, Truist Financial reduced their price objective on Holley from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3.85.
Holley Stock Down 2.3%
NYSE HLLY opened at $2.17 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17. The company’s 50 day simple moving average is $2.31 and its 200 day simple moving average is $2.67. Holley has a 12 month low of $1.60 and a 12 month high of $4.08. The company has a market capitalization of $260.31 million, a P/E ratio of 16.69 and a beta of 1.43.
Holley (NYSE:HLLY – Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). Holley had a net margin of 2.55% and a return on equity of 2.59%. The firm had revenue of $153.04 million for the quarter, compared to analyst estimates of $148.52 million.
Institutional Trading of Holley
A number of hedge funds have recently modified their holdings of HLLY. Bamco Inc. NY grew its stake in Holley by 33.3% in the fourth quarter. Bamco Inc. NY now owns 4,000,000 shares of the company’s stock valued at $12,080,000 after acquiring an additional 1,000,000 shares during the period. Raymond James Financial Inc. bought a new stake in Holley during the 4th quarter worth approximately $1,058,000. Atria Wealth Solutions Inc. bought a new stake in Holley during the 4th quarter worth approximately $30,000. Boston Partners bought a new stake in Holley during the 4th quarter worth approximately $4,746,000. Finally, First Eagle Investment Management LLC increased its stake in Holley by 158.9% during the 4th quarter. First Eagle Investment Management LLC now owns 211,087 shares of the company’s stock worth $637,000 after purchasing an additional 129,569 shares in the last quarter. 39.70% of the stock is currently owned by institutional investors and hedge funds.
About Holley
Holley Inc operates as designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. Its products span various automotive platforms and sells across multiple channels. The company's performance automotive products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products; and exhaust products, as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.
Read More
- Five stocks we like better than Holley
- 5 discounted opportunities for dividend growth investors
- NVIDIA Stock Surges on Bullish News: How High Could It Climb?
- Investing in Construction Stocks
- Why Boeing May Be Ready to Take Off After Latest Developments
- Breakout Stocks: What They Are and How to Identify Them
- eBay Nears Big Breakout: Time to Buy the Under-the-Radar Winner?
Receive News & Ratings for Holley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Holley and related companies with MarketBeat.com's FREE daily email newsletter.