Generac Holdings Inc. (NYSE:GNRC) Receives $174.05 Average Target Price from Analysts

Generac Holdings Inc. (NYSE:GNRC) has earned an average rating of “Moderate Buy” from the twenty ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $174.58.

Several research analysts recently weighed in on GNRC shares. Stephens reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Generac in a report on Monday, August 5th. Truist Financial increased their price objective on shares of Generac from $170.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Northland Securities upped their target price on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Scotiabank increased their price objective on shares of Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Finally, Stifel Nicolaus increased their price objective on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday.

Generac Price Performance

Shares of GNRC opened at $189.08 on Wednesday. The firm has a market cap of $11.25 billion, a PE ratio of 38.31, a P/E/G ratio of 2.20 and a beta of 1.37. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $167.15 and a two-hundred day simple moving average of $153.07. Generac has a 1-year low of $108.89 and a 1-year high of $195.94.

Generac (NYSE:GNRC) last announced its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.64 EPS. On average, equities analysts anticipate that Generac will post 6.8 EPS for the current year.

Insider Buying and Selling at Generac

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the transaction, the executive vice president now owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the sale, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,268 shares of company stock valued at $7,584,853. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of Generac

Several institutional investors have recently modified their holdings of the stock. EntryPoint Capital LLC boosted its position in Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after acquiring an additional 90 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Brooklyn Investment Group acquired a new position in Generac during the third quarter worth about $31,000. SouthState Corp acquired a new position in Generac during the third quarter worth about $32,000. Finally, Capital Advisors Ltd. LLC boosted its position in Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after acquiring an additional 220 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

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.