Generac Holdings Director Todd A. Adams Buys 3,300 Shares (GNRC)
Generac Holdings (NASDAQ:GNRC) Director Todd A. Adams purchased 3,300 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The shares were purchased at an average price of $48.50 per share, for a total transaction of $160,050.00. Following the completion of the purchase, the director now directly owns 4,552 shares of the company’s stock, valued at approximately $220,772. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at Bank of America upgraded shares of Generac Holdings from a “neutral” rating to a “buy” rating in a research note on Friday, March 14th. They now have a $70.00 price target on the stock, up previously from $60.00. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $55.68.
Generac Holdings (NASDAQ:GNRC) traded up 0.02% during mid-day trading on Monday, hitting $48.69. 960,148 shares of the company’s stock traded hands. Generac Holdings has a one year low of $33.54 and a one year high of $62.50. The stock has a 50-day moving average of $54.2 and a 200-day moving average of $54.26. The company has a market cap of $3.351 billion and a P/E ratio of 21.35.
Generac Holdings (NASDAQ:GNRC) last released its earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.74 by $0.02. The company had revenue of $342.00 million for the quarter, compared to the consensus estimate of $355.58 million. During the same quarter in the prior year, the company posted $1.21 earnings per share. The company’s quarterly revenue was down 14.4% on a year-over-year basis. Analysts expect that Generac Holdings will post $3.74 EPS for the current fiscal year.
Generac Holdings Inc (NASDAQ:GNRC) is a designer and manufacturer of a range of generators and other engine powered products for the residential, light commercial, industrial and construction markets.
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