Generac (NYSE:GNRC) Reaches New 1-Year High - Still a Buy?

Key Points

• Generac Holdings Inc. reached a new 52-week high stock price of $200.41, closing at $196.56 with an average trading volume of 833,075 shares.
• Analyst ratings show a diverse outlook, with 14 analysts rating it as a buy, while reports vary with price targets ranging from $127.00 to $175.00.
• Generac reported earnings of $1.65 per share, exceeding analysts' expectations, and its revenue increased by 6.3% compared to the previous year.

Generac Holdings Inc. (NYSE:GNRC - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $200.41 and last traded at $196.56, with a volume of 833075 shares changing hands. The stock had previously closed at $196.25.

Analyst Ratings Changes

Several research analysts have commented on GNRC shares. Stephens restated an "overweight" rating and issued a $175.00 price objective on shares of Generac in a report on Tuesday, May 27th. TD Securities decreased their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Citigroup upgraded shares of Generac from a "neutral" rating to a "mixed" rating in a report on Friday, July 11th. Finally, Robert W. Baird decreased their price objective on shares of Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, Generac presently has an average rating of "Moderate Buy" and an average price target of $170.06.

Generac Stock Up 0.2%

The stock's 50-day moving average price is $150.66 and its two-hundred day moving average price is $135.81. The stock has a market capitalization of $11.53 billion, a PE ratio of 32.65, a P/E/G ratio of 1.56 and a beta of 1.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm earned $1.35 EPS. The company's revenue was up 6.3% compared to the same quarter last year. As a group, analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the sale, the chief executive officer directly owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.70% of the company's stock.

Institutional Trading of Generac

Institutional investors have recently bought and sold shares of the company. Nebula Research & Development LLC purchased a new stake in Generac during the 4th quarter valued at about $3,638,000. Pinebridge Investments L.P. grew its position in Generac by 28.1% during the 4th quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company's stock valued at $10,697,000 after purchasing an additional 15,147 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Generac by 19.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock valued at $929,000 after purchasing an additional 1,195 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Generac during the 1st quarter valued at about $245,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in Generac by 15.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock valued at $3,232,000 after purchasing an additional 3,345 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Company Profile

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.

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