Generac Holdings Inc. (NYSE:GNRC – Free Report) – Research analysts at William Blair decreased their FY2026 earnings per share estimates for Generac in a research report issued on Wednesday, July 30th. William Blair analyst B. Drab now expects that the technology company will post earnings of $8.70 per share for the year, down from their previous estimate of $8.78. The consensus estimate for Generac’s current full-year earnings is $8.00 per share.
Several other brokerages have also recently weighed in on GNRC. Canaccord Genuity Group reduced their price objective on Generac from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Wells Fargo & Company boosted their price objective on Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday. Piper Sandler reduced their price objective on Generac from $175.00 to $155.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Citigroup raised Generac from a “neutral” rating to a “mixed” rating in a research note on Friday, July 11th. Finally, Wall Street Zen raised Generac from a “hold” rating to a “buy” rating in a research note on Saturday, June 7th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and an average price target of $174.28.
Generac Trading Down 0.6%
Shares of NYSE GNRC opened at $193.57 on Friday. The business’s 50 day moving average is $142.00 and its two-hundred day moving average is $134.49. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.89. Generac has a 1-year low of $99.50 and a 1-year high of $197.18. The stock has a market capitalization of $11.44 billion, a P/E ratio of 32.15, a PEG ratio of 1.75 and a beta of 1.67.
Generac (NYSE:GNRC – Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm posted $1.35 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year.
Insiders Place Their Bets
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the sale, the chief executive officer directly owned 562,966 shares in the company, valued at approximately $80,166,358.40. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.70% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Generac
Hedge funds have recently made changes to their positions in the company. Nebula Research & Development LLC acquired a new stake in Generac during the 4th quarter worth about $3,638,000. Pinebridge Investments L.P. grew its position in Generac by 28.1% during the 4th quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company’s stock worth $10,697,000 after purchasing an additional 15,147 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Generac by 19.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company’s stock worth $929,000 after purchasing an additional 1,195 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Generac during the 1st quarter worth about $245,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in Generac by 15.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company’s stock worth $3,232,000 after purchasing an additional 3,345 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.
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.
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