Generac Holdings Inc. (NYSE:GNRC) – Investment analysts at Piper Sandler raised their Q2 2021 earnings per share (EPS) estimates for shares of Generac in a research note issued to investors on Thursday, April 29th. Piper Sandler analyst P. Hammond now expects that the technology company will post earnings per share of $2.48 for the quarter, up from their prior estimate of $2.33. Piper Sandler currently has a “Overweight” rating and a $400.00 price target on the stock. Piper Sandler also issued estimates for Generac’s Q2 2022 earnings at $2.90 EPS, Q3 2022 earnings at $2.96 EPS, Q4 2022 earnings at $3.01 EPS, FY2023 earnings at $12.65 EPS, FY2024 earnings at $14.17 EPS and FY2025 earnings at $15.64 EPS.
A number of other analysts have also weighed in on the stock. Canaccord Genuity upped their price objective on shares of Generac from $383.00 to $406.00 and gave the stock a “buy” rating in a research note on Friday, April 30th. Roth Capital boosted their target price on shares of Generac from $380.00 to $430.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus boosted their target price on shares of Generac from $213.00 to $340.00 and gave the stock a “hold” rating in a report on Tuesday, February 16th. UBS Group boosted their target price on shares of Generac from $251.00 to $360.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Finally, Zacks Investment Research upgraded shares of Generac from a “hold” rating to a “buy” rating and set a $380.00 target price for the company in a report on Wednesday, February 17th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $332.69.
NYSE:GNRC opened at $312.99 on Monday. Generac has a 1-year low of $95.27 and a 1-year high of $364.00. The company has a 50-day moving average of $322.14 and a 200 day moving average of $270.05. The firm has a market cap of $19.70 billion, a PE ratio of 67.45, a price-to-earnings-growth ratio of 5.28 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.66 and a quick ratio of 1.70.
Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, April 29th. The technology company reported $2.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.48. Generac had a net margin of 12.75% and a return on equity of 34.03%.
In related news, CMO Russell S. Minick sold 6,382 shares of the stock in a transaction that occurred on Thursday, February 18th. The shares were sold at an average price of $352.34, for a total value of $2,248,633.88. Following the transaction, the chief marketing officer now owns 7,768 shares in the company, valued at approximately $2,736,977.12. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $329.85, for a total value of $1,649,250.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,480 shares of company stock worth $13,322,515. 2.90% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in GNRC. Corbenic Partners LLC purchased a new position in shares of Generac during the 1st quarter valued at approximately $29,000. TCI Wealth Advisors Inc. lifted its position in shares of Generac by 623.1% during the 1st quarter. TCI Wealth Advisors Inc. now owns 94 shares of the technology company’s stock valued at $31,000 after buying an additional 81 shares in the last quarter. Cowa LLC purchased a new position in shares of Generac during the 4th quarter valued at approximately $25,000. Ellevest Inc. raised its stake in Generac by 1,020.0% in the 1st quarter. Ellevest Inc. now owns 112 shares of the technology company’s stock valued at $37,000 after purchasing an additional 102 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Generac by 86.4% in the 1st quarter. Signaturefd LLC now owns 151 shares of the technology company’s stock valued at $49,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.44% of the company’s stock.
Generac Company Profile
Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel; and batteries and inverters.
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