Householder Group Estate & Retirement Specialist LLC Has $439,000 Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Householder Group Estate & Retirement Specialist LLC raised its stake in Generac Holdings Inc. (NYSE:GNRCFree Report) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,400 shares of the technology company’s stock after acquiring an additional 323 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Generac were worth $439,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC increased its stake in shares of Generac by 22.1% in the 4th quarter. DAVENPORT & Co LLC now owns 25,789 shares of the technology company’s stock valued at $3,333,000 after purchasing an additional 4,676 shares during the last quarter. Monte Financial Group LLC grew its position in Generac by 4.4% during the 4th quarter. Monte Financial Group LLC now owns 9,643 shares of the technology company’s stock worth $1,246,000 after acquiring an additional 408 shares during the last quarter. Pine Haven Investment Counsel Inc bought a new stake in Generac during the 4th quarter worth $229,000. Allen Mooney & Barnes Investment Advisors LLC bought a new stake in Generac during the 4th quarter worth $241,000. Finally, Westhampton Capital LLC bought a new stake in Generac during the 4th quarter worth $229,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Guggenheim lowered Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. Citigroup lifted their target price on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a report on Tuesday. TD Cowen cut their target price on Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Finally, UBS Group cut their target price on Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $139.79.

Get Our Latest Stock Report on Generac

Generac Stock Up 0.6 %

GNRC stock opened at $128.15 on Wednesday. The stock’s 50 day simple moving average is $117.22 and its 200 day simple moving average is $113.68. Generac Holdings Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $156.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. The company has a market cap of $7.72 billion, a P/E ratio of 38.95, a price-to-earnings-growth ratio of 2.02 and a beta of 1.45.

Generac (NYSE:GNRCGet Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company posted $1.78 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, research analysts expect that Generac Holdings Inc. will post 6.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the sale, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Generac Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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