Generac Holdings Inc. (NYSE:GNRC) Stock Has Average Price Target of $289.82 According to Analysts

Key Points

• Analyst sentiment is moderately positive: 22 analysts rate Generac “Moderate Buy,” with 13 buys, two strong buys and seven holds. Their average 12-month price target is $289.82.
• Quarterly results were mixed: Generac reported earnings of $2.54 per share, above the $2.40 consensus estimate, while revenue of $1.29 billion came in below the $1.32 billion forecast. Revenue was up 16.2% year over year.
• The shares traded at $190.68 in Friday’s session, below their 50-day and 200-day moving averages. Insiders sold 12,606 shares worth about $2.49 million over the past three months, while institutional investors own 84.04% of the stock.

Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-two analysts that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $289.82.

A number of equities analysts recently weighed in on the stock. Stephens restated an "overweight" rating and set a $335.00 target price on shares of Generac in a research report on Thursday, September 17th. DA Davidson set a $333.00 price target on shares of Generac in a report on Thursday, July 30th. Jefferies Financial Group reiterated a "buy" rating on shares of Generac in a report on Thursday, October 29th. Zacks Research cut shares of Generac from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Finally, Piper Sandler decreased their price target on shares of Generac from $279.00 to $266.00 and set an "overweight" rating on the stock in a research note on Monday, November 9th.

Insider Transactions at Generac

In other news, insider Norman Taffe sold 300 shares of Generac stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $182.01, for a total value of $54,603.00. Following the sale, the insider directly owned 10,676 shares of the company's stock, valued at approximately $1,943,138.76. The trade was a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Raabe sold 603 shares of the business's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $212.57, for a total value of $128,179.71. Following the completion of the sale, the insider owned 9,966 shares in the company, valued at $2,118,472.62. This represents a 5.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 12,606 shares of company stock valued at $2,491,310. 2.40% of the stock is currently owned by insiders.

Institutional Trading of Generac

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Generac in the second quarter valued at $1,170,960,000. Arrowstreet Capital Limited Partnership raised its stake in Generac by 9.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,038,493 shares of the technology company's stock valued at $202,849,000 after purchasing an additional 86,863 shares in the last quarter. Bank of America Corp DE purchased a new stake in Generac during the second quarter valued at $175,942,000. Park Presidio Capital LLC purchased a new stake in Generac during the second quarter valued at $158,140,000. Finally, Amundi lifted its position in Generac by 5.0% during the second quarter. Amundi now owns 454,516 shares of the technology company's stock valued at $133,087,000 after purchasing an additional 21,500 shares during the last quarter. Institutional investors own 84.04% of the company's stock.

Generac Price Performance

GNRC traded down $2.20 on Friday, hitting $190.68. 751,462 shares of the company's stock traded hands, compared to its average volume of 1,293,924. The company's 50 day simple moving average is $198.46 and its 200-day simple moving average is $218.67. The company has a current ratio of 1.97, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41. Generac has a one year low of $134.80 and a one year high of $296.44. The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 1.63 and a beta of 1.86.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.14. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.32 billion. Generac had a return on equity of 18.78% and a net margin of 6.52%. The firm's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 EPS. As a group, research analysts anticipate that Generac will post 9.84 EPS for the current year.

About Generac

Generac Holdings Inc. designs and manufactures backup power generation equipment and energy technology solutions. Its products include home standby and portable generators, as well as power systems for commercial, industrial, and other applications. The company also offers energy storage and management products, solar-related solutions, and services that help customers monitor and manage power use. Generac serves residential, commercial, and industrial customers, with a presence in North America and other markets around the world.

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