Holley Inc. (NYSE:HLLY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Holley Inc. (NYSE:HLLY) have been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $4.50.

A number of equities research analysts have issued reports on HLLY shares. Telsey Advisory Group increased their target price on shares of Holley from $3.50 to $5.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Canaccord Genuity Group increased their price objective on Holley from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Benchmark lifted their price objective on Holley from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Holley in a research report on Wednesday, October 8th. Finally, Raymond James Financial raised their price target on Holley from $2.25 to $3.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th.

Holley Trading Down 1.4%

Shares of NYSE HLLY opened at $3.85 on Monday. The company has a current ratio of 2.78, a quick ratio of 1.06 and a debt-to-equity ratio of 1.20. Holley has a one year low of $1.60 and a one year high of $4.09. The business has a 50-day moving average price of $3.16 and a two-hundred day moving average price of $2.73. The firm has a market capitalization of $463.36 million, a PE ratio of -17.48 and a beta of 1.36.

Holley (NYSE:HLLY) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $138.37 million during the quarter, compared to analysts’ expectations of $132.36 million. Holley had a positive return on equity of 6.75% and a negative net margin of 4.16%. Holley has set its FY 2025 guidance at EPS. As a group, analysts predict that Holley will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Holley news, Director David S. Lobel sold 14,000,000 shares of Holley stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $2.63, for a total value of $36,820,000.00. Following the completion of the sale, the director directly owned 26,754,834 shares in the company, valued at $70,365,213.42. The trade was a 34.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nuveen LLC acquired a new stake in shares of Holley in the 1st quarter valued at $515,000. First Eagle Investment Management LLC raised its holdings in shares of Holley by 32.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 475,297 shares of the company’s stock worth $951,000 after buying an additional 115,851 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Holley by 20.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 473,950 shares of the company’s stock worth $1,218,000 after acquiring an additional 80,366 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Holley by 12.4% during the 1st quarter. Russell Investments Group Ltd. now owns 920,936 shares of the company’s stock valued at $2,367,000 after purchasing an additional 101,800 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Holley by 40.0% in the 1st quarter. M&T Bank Corp now owns 56,331 shares of the company’s stock worth $145,000 after acquiring an additional 16,089 shares in the last quarter. Institutional investors own 39.70% of the company’s stock.

Holley Company Profile

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.