Holley (NYSE:HLLY) Lowered to "Hold" Rating by Benchmark

Benchmark lowered shares of Holley (NYSE:HLLY - Free Report) from a buy rating to a hold rating in a research report sent to investors on Friday, Marketbeat reports. They currently have $5.00 price target on the stock.

Other equities analysts have also issued research reports about the company. Raymond James increased their target price on Holley from $3.00 to $3.50 and gave the stock an "outperform" rating in a research note on Wednesday, March 12th. Canaccord Genuity Group decreased their price objective on Holley from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Truist Financial lowered their price objective on Holley from $5.00 to $3.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Telsey Advisory Group reduced their target price on shares of Holley from $4.50 to $2.75 and set an "outperform" rating for the company in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $3.85.

Holley Stock Performance

HLLY stock traded up $0.01 during midday trading on Friday, reaching $2.19. 380,995 shares of the company were exchanged, compared to its average volume of 490,662. Holley has a one year low of $1.60 and a one year high of $4.08. The firm has a market capitalization of $262.71 million, a price-to-earnings ratio of 16.85 and a beta of 1.43. The business has a 50-day moving average price of $2.31 and a two-hundred day moving average price of $2.67. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17.

Holley (NYSE:HLLY - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company had revenue of $153.04 million for the quarter, compared to the consensus estimate of $148.52 million. Holley had a return on equity of 2.59% and a net margin of 2.55%. Equities research analysts forecast that Holley will post 0.12 EPS for the current year.

Hedge Funds Weigh In On Holley

A number of hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its position in shares of Holley by 17.6% during the 1st quarter. American Century Companies Inc. now owns 107,960 shares of the company's stock valued at $277,000 after acquiring an additional 16,168 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in Holley during the first quarter worth about $123,000. Neuberger Berman Group LLC grew its stake in Holley by 28.3% during the first quarter. Neuberger Berman Group LLC now owns 123,800 shares of the company's stock worth $318,000 after buying an additional 27,303 shares in the last quarter. Boston Partners increased its holdings in Holley by 65.5% in the 1st quarter. Boston Partners now owns 2,600,799 shares of the company's stock valued at $6,680,000 after buying an additional 1,029,495 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Holley by 12.4% in the 1st quarter. Russell Investments Group Ltd. now owns 920,936 shares of the company's stock valued at $2,367,000 after buying an additional 101,800 shares in the last quarter. Institutional investors own 39.70% of the company's stock.

About Holley

Holley Inc operates as designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. Its products span various automotive platforms and sells across multiple channels. The company's performance automotive products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products; and exhaust products, as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.