Northland Securities Increases Generac (NYSE:GNRC) Price Target to $180.00

Generac (NYSE:GNRC) had its target price hoisted by analysts at Northland Securities from $160.00 to $180.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Northland Securities’ target price would indicate a potential upside of 15.64% from the company’s current price.

Other research analysts have also issued research reports about the stock. Roth Mkm raised their price target on shares of Generac from $135.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Generac from $149.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Piper Sandler lifted their price objective on shares of Generac from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Scotiabank lifted their price target on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research report on Monday. Finally, Janney Montgomery Scott downgraded shares of Generac from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $126.00 to $154.00 in a report on Thursday, June 13th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Generac has an average rating of “Hold” and a consensus price target of $147.90.

Generac Trading Up 0.1 %

GNRC stock opened at $155.66 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29. The company’s 50-day simple moving average is $145.00 and its 200 day simple moving average is $131.97. Generac has a 52 week low of $79.86 and a 52 week high of $169.57. The company has a market capitalization of $9.43 billion, a PE ratio of 42.88, a price-to-earnings-growth ratio of 2.10 and a beta of 1.37.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. The firm had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. Generac had a net margin of 5.68% and a return on equity of 14.68%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 earnings per share. As a group, sell-side analysts anticipate that Generac will post 6.16 earnings per share for the current year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $133.39, for a total value of $666,950.00. Following the transaction, the chief executive officer now owns 577,177 shares in the company, valued at $76,989,640.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the completion of the transaction, the chief executive officer now owns 577,177 shares of the company’s stock, valued at $76,989,640.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Erik Wilde sold 4,384 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $154.04, for a total value of $675,311.36. Following the transaction, the executive vice president now directly owns 17,897 shares of the company’s stock, valued at approximately $2,756,853.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,785 shares of company stock worth $11,020,661. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Generac

Several institutional investors and hedge funds have recently added to or reduced their stakes in GNRC. ICA Group Wealth Management LLC purchased a new position in shares of Generac in the 4th quarter worth about $27,000. EntryPoint Capital LLC raised its position in shares of Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in shares of Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after purchasing an additional 220 shares during the last quarter. ORG Partners LLC purchased a new position in shares of Generac in the 4th quarter worth about $38,000. Finally, Quarry LP raised its position in shares of Generac by 219.6% in the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after purchasing an additional 202 shares during the last quarter. Hedge funds and other institutional investors 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.