Generac Holdings Inc. (NYSE:GNRC) Receives $191.06 Average PT from Brokerages

Shares of Generac Holdings Inc. (NYSE:GNRC) have been given a consensus rating of “Moderate Buy” by the twenty-one ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $191.0556.

Several brokerages recently issued reports on GNRC. TD Cowen upped their target price on shares of Generac from $155.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Needham & Company LLC initiated coverage on Generac in a research note on Wednesday, October 22nd. They set a “buy” rating and a $248.00 price target for the company. Roth Capital set a $184.00 price objective on Generac and gave the stock a “neutral” rating in a report on Thursday, October 30th. UBS Group reduced their price objective on Generac from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Stifel Nicolaus boosted their target price on Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $166.43, for a total value of $832,150.00. Following the completion of the sale, the chief executive officer directly owned 542,966 shares in the company, valued at approximately $90,365,831.38. The trade was a 0.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 15,000 shares of company stock worth $2,575,300 over the last quarter. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Generac

A number of large investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its position in Generac by 40.9% in the second quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock valued at $285,338,000 after purchasing an additional 577,933 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Generac in the third quarter worth $70,744,000. Norges Bank bought a new stake in Generac during the 2nd quarter valued at $53,138,000. Federated Hermes Inc. boosted its position in Generac by 63.5% during the 2nd quarter. Federated Hermes Inc. now owns 749,347 shares of the technology company’s stock valued at $107,314,000 after buying an additional 291,012 shares during the period. Finally, Ninety One UK Ltd bought a new stake in Generac in the 3rd quarter worth $46,910,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Up 1.0%

GNRC stock opened at $155.29 on Wednesday. The company’s 50 day moving average is $176.82 and its 200 day moving average is $158.30. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69. The company has a current ratio of 2.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. Generac has a 1-year low of $99.50 and a 1-year high of $203.25.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.42). Generac had a net margin of 6.92% and a return on equity of 17.63%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm earned $2.25 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Sell-side analysts predict that Generac will post 8 EPS for the current fiscal year.

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.