Gencor Industries (NASDAQ:GENC) Upgraded at StockNews.com

Gencor Industries (NASDAQ:GENC) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Gencor Industries Stock Up 4.3 %

GENC opened at $19.33 on Friday. The stock has a market cap of $283.38 million, a price-to-earnings ratio of 16.81 and a beta of 0.49. Gencor Industries has a 12-month low of $13.50 and a 12-month high of $20.45. The business has a 50 day moving average of $18.84 and a 200-day moving average of $17.18.

Gencor Industries (NASDAQ:GENC) last announced its earnings results on Friday, May 10th. The company reported $0.42 earnings per share for the quarter. The company had revenue of $40.68 million for the quarter. Gencor Industries had a return on equity of 9.14% and a net margin of 14.61%.

Hedge Funds Weigh In On Gencor Industries

A number of hedge funds have recently added to or reduced their stakes in GENC. BNP Paribas Financial Markets increased its stake in Gencor Industries by 52.7% during the 1st quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock worth $85,000 after acquiring an additional 1,765 shares during the period. Aristides Capital LLC bought a new position in shares of Gencor Industries in the 1st quarter valued at $188,000. Pullen Investment Management LLC bought a new position in shares of Gencor Industries in the 1st quarter valued at $954,000. First Eagle Investment Management LLC increased its stake in shares of Gencor Industries by 7.1% in the 4th quarter. First Eagle Investment Management LLC now owns 64,461 shares of the company’s stock valued at $1,040,000 after purchasing an additional 4,263 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Gencor Industries by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 545,572 shares of the company’s stock valued at $9,106,000 after purchasing an additional 5,189 shares during the last quarter.

About Gencor Industries

Gencor Industries, Inc, together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. It offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants.