Generac (NYSE:GNRC) Reaches New 1-Year High – Should You Buy?

Generac Holdings Inc. (NYSE:GNRC)’s share price reached a new 52-week high on Wednesday . The company traded as high as $241.09 and last traded at $231.2150, with a volume of 170091 shares. The stock had previously closed at $235.17.

Wall Street Analysts Forecast Growth

GNRC has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Generac in a research report on Thursday, January 22nd. Robert W. Baird set a $292.00 price target on shares of Generac in a research note on Thursday, February 12th. Zacks Research upgraded shares of Generac from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Barclays boosted their price objective on shares of Generac from $186.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Finally, Needham & Company LLC initiated coverage on shares of Generac in a research report on Monday, January 12th. They issued a “buy” rating and a $211.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.19.

Generac Price Performance

The firm has a 50-day moving average of $174.70 and a 200-day moving average of $173.13. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.03 and a quick ratio of 1.00. The stock has a market cap of $13.65 billion, a PE ratio of 86.81, a PEG ratio of 1.72 and a beta of 1.85.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.20). The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. The company’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.80 EPS. Research analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Institutional Investors Weigh In On Generac

A number of institutional investors and hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA acquired a new stake in Generac during the third quarter valued at $70,744,000. Strs Ohio increased its stake in shares of Generac by 583.4% in the 3rd quarter. Strs Ohio now owns 58,096 shares of the technology company’s stock valued at $9,725,000 after purchasing an additional 49,595 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Generac by 2.6% during the third quarter. Envestnet Asset Management Inc. now owns 597,559 shares of the technology company’s stock worth $100,031,000 after purchasing an additional 15,280 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Generac by 2.9% in the second quarter. JPMorgan Chase & Co. now owns 361,189 shares of the technology company’s stock valued at $51,728,000 after purchasing an additional 10,325 shares during the period. Finally, Annex Advisory Services LLC boosted its position in Generac by 9.2% during the third quarter. Annex Advisory Services LLC now owns 194,519 shares of the technology company’s stock worth $32,562,000 after acquiring an additional 16,386 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.