Analysts Set Generac Holdings Inc. (NYSE:GNRC) Price Target at $184.11

Shares of Generac Holdings Inc. (NYSE:GNRC) have received an average recommendation of “Moderate Buy” from the twenty research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $184.1111.

Several equities research analysts recently commented on the company. Wall Street Zen lowered Generac from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Wells Fargo & Company increased 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, July 31st. Barclays reduced their price objective on shares of Generac from $200.00 to $188.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Guggenheim reduced their price target on shares of Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Finally, Citigroup cut Generac from a “neutral” rating to a “negative” rating in a research report on Thursday.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total transaction of $837,100.00. Following the completion of the transaction, the chief executive officer owned 547,966 shares of the company’s stock, valued at $91,740,467.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Generac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York Life Investment Management LLC lifted its holdings in shares of Generac by 0.7% during the 2nd quarter. New York Life Investment Management LLC now owns 7,924 shares of the technology company’s stock worth $1,135,000 after acquiring an additional 58 shares during the last quarter. Beacon Investment Advisors LLC boosted its holdings in shares of Generac by 0.3% during the second quarter. Beacon Investment Advisors LLC now owns 26,226 shares of the technology company’s stock worth $3,735,000 after purchasing an additional 70 shares during the period. Pine Haven Investment Counsel Inc boosted its holdings in shares of Generac by 2.7% during the second quarter. Pine Haven Investment Counsel Inc now owns 2,861 shares of the technology company’s stock worth $410,000 after purchasing an additional 75 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Generac by 81.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after buying an additional 77 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Generac by 16.2% during the first quarter. Covestor Ltd now owns 596 shares of the technology company’s stock valued at $75,000 after purchasing an additional 83 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Price Performance

Shares of NYSE:GNRC opened at $173.96 on Friday. The firm has a market cap of $10.21 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.35 and a beta of 1.64. The firm’s fifty day moving average is $182.71 and its 200-day moving average is $149.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. Generac has a 52 week low of $99.50 and a 52 week high of $203.25.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.32. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. Sell-side analysts predict that Generac will post 8 earnings per share for the current year.

Generac Company Profile

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.