Generac (NYSE:GNRC) Hits New 12-Month High - Should You Buy?

Key Points

• Generac hit a new 52‑week high, trading as high as $266.96 (last around $267) as several analysts lifted targets (UBS to $305, Canaccord to $325) and the consensus rating is a Moderate Buy with a $270.31 price target.
• Quarterly results topped estimates: Generac reported $1.80 EPS vs. $1.33 expected and $1.06B revenue (up 12.5% year‑over‑year), while sell‑side analysts project full‑year EPS of about 8.69.
• Insider and ownership signals: CFO York Ragen sold 24,362 shares (insiders own 2.7%), institutional ownership is high at 84.04%, and the stock trades at a premium with a P/E of 81.99.

Generac Holdings Inc. (NYSE:GNRC - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $266.96 and last traded at $267.0750, with a volume of 118171 shares traded. The stock had previously closed at $257.07.

Analyst Ratings Changes

Several research firms have recently commented on GNRC. UBS Group raised their target price on shares of Generac from $270.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday. Robert W. Baird set a $311.00 target price on shares of Generac in a research report on Thursday, April 30th. Argus lifted their price target on shares of Generac from $255.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Canaccord Genuity Group lifted their price target on shares of Generac from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Finally, Needham & Company LLC reissued a "buy" rating and set a $277.00 price target on shares of Generac in a research report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Generac has a consensus rating of "Moderate Buy" and a consensus price target of $270.31.

Generac Stock Performance

The business's 50 day simple moving average is $211.52 and its two-hundred day simple moving average is $181.74. The firm has a market capitalization of $15.38 billion, a P/E ratio of 81.99, a price-to-earnings-growth ratio of 2.49 and a beta of 1.93. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.47. Generac had a net margin of 4.37% and a return on equity of 15.45%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business posted $1.26 earnings per share. The business's revenue for the quarter was up 12.5% on a year-over-year basis. Sell-side analysts anticipate that Generac Holdings Inc. will post 8.69 EPS for the current fiscal year.

Insider Activity at Generac

In other news, CFO York A. Ragen sold 24,362 shares of Generac stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the sale, the chief financial officer directly owned 137,182 shares in the company, valued at $32,321,451.02. The trade was a 15.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by corporate insiders.

Institutional Trading of Generac

Several large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC grew its position in Generac by 25.9% during the first quarter. Sanctuary Advisors LLC now owns 5,421 shares of the technology company's stock valued at $1,059,000 after buying an additional 1,116 shares during the period. Sigma Planning Corp bought a new stake in Generac during the first quarter valued at approximately $303,000. HBW Advisory Services LLC bought a new stake in Generac during the first quarter valued at approximately $215,000. Northland Securities Inc. bought a new stake in Generac during the first quarter valued at approximately $273,000. Finally, Procyon Advisors LLC grew its position in Generac by 18.6% during the first quarter. Procyon Advisors LLC now owns 32,883 shares of the technology company's stock valued at $6,423,000 after buying an additional 5,147 shares during the period. 84.04% of the stock is currently 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.

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