Holley (NYSE:HLLY) Stock Bumped Down to Hold by Wall Street Zen

Wall Street Zen lowered shares of Holley (NYSE:HLLY) from a buy rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also weighed in on the stock. Canaccord Genuity Group dropped their price objective on shares of Holley from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday. Freedom Capital downgraded shares of Holley from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. DA Davidson set a $3.00 price target on shares of Holley in a research note on Friday. Zacks Research cut shares of Holley from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Holley in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.20.

Holley Stock Performance

Shares of NYSE HLLY opened at $2.08 on Friday. The company has a current ratio of 3.06, a quick ratio of 1.39 and a debt-to-equity ratio of 1.15. Holley has a 12 month low of $2.05 and a 12 month high of $4.48. The stock has a 50 day moving average of $2.59 and a 200-day moving average of $2.97. The company has a market capitalization of $252.76 million, a P/E ratio of 13.90 and a beta of 1.44.

Holley (NYSE:HLLY) last posted its earnings results on Thursday, November 5th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Holley had a return on equity of 9.31% and a net margin of 3.07%. The business had revenue of $141.56 million for the quarter, compared to analyst estimates of $145.80 million. As a group, equities research analysts predict that Holley will post 0.39 EPS for the current year.

Institutional Investors Weigh In On Holley

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in shares of Holley by 38.9% during the third quarter. Russell Investments Group Ltd. now owns 2,203,493 shares of the company’s stock worth $5,200,000 after purchasing an additional 617,178 shares during the period. Ritholtz Wealth Management acquired a new stake in shares of Holley in the third quarter valued at approximately $96,000. Penn Capital Management Company LLC boosted its stake in shares of Holley by 134.4% in the third quarter. Penn Capital Management Company LLC now owns 577,427 shares of the company’s stock valued at $1,363,000 after buying an additional 331,067 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Holley by 2.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,066,406 shares of the company’s stock valued at $23,958,000 after buying an additional 258,955 shares during the period. Finally, Skylands Capital LLC grew its position in Holley by 2.1% during the third quarter. Skylands Capital LLC now owns 1,092,212 shares of the company’s stock worth $2,578,000 after buying an additional 22,383 shares in the last quarter. Institutional investors and hedge funds own 39.70% of the company’s stock.

Key Holley News

Here are the key news stories impacting Holley this week:

• Positive Sentiment: Holley reported continued sales growth and margin expansion, generating enough cash to prepay $25 million of debt. It said leverage reached its lowest level in four years and its 3.5x year-end leverage target was achieved a quarter early. Holley Q3 results
• Positive Sentiment: Canaccord Genuity lowered its price target to $5 from $7 but kept a Buy rating, signaling the analyst still sees significant potential upside from the recent share price. Canaccord price target update
• Neutral Sentiment: Management forecast 2026 adjusted EBITDA of $127 million–$132 million and net sales of $610 million–$625 million. The sales range’s upper end is near, but its midpoint is below, analysts’ roughly $624.6 million estimate. Holley 2026 outlook
• Negative Sentiment: Third-quarter EPS of $0.06 missed the $0.07 consensus, while revenue of $141.56 million was below analysts’ $145.8 million estimate. The shortfalls may weigh on sentiment despite year-over-year EPS growth from $0.03. Q3 earnings and revenue results

Holley Company Profile

Holley Inc is an automotive aftermarket company that designs, manufactures and distributes performance products for cars, trucks, powersports vehicles and other enthusiast applications. Its offerings include fuel systems, engine and ignition components, exhaust products, suspension and driveline components, electronic controls, vehicle accessories and safety equipment.

The company serves do-it-yourself consumers, professional installers, racing teams, automotive enthusiasts and original equipment manufacturers through a portfolio of established aftermarket brands.