Check Out Generac Holdings Inc. (GNRC)’s Trade Data Rather Than the Analysts’ Views

Generac Holdings Inc. (NYSE: GNRC) stock fell -1.50% on Monday to $110.00 against a previous-day closing price of $111.67. With 1.05 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.62 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $111.72 whereas the lowest price it dropped to was $108.81. The 52-week range on GNRC shows that it touched its highest point at $203.71 and its lowest point at $86.29 during that stretch. It currently has a 1-year price target of $142.00. Beta for the stock currently stands at 1.28.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GNRC was down-trending over the past week, with a drop of -4.98%, but this was down by -0.43% over a month. Three-month performance dropped to -7.89% while six-month performance fell -2.77%. The stock lost -47.29% in the past year, while it has gained 9.28% so far this year. A look at the trailing 12-month EPS for GNRC yields 2.39 with Next year EPS estimates of 7.41. For the next quarter, that number is 1.51. This implies an EPS growth rate of -34.80% for this year and 38.39% for next year. EPS is expected to decline by -1.44% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 21.30%.

Float and Shares Shorts:

At present, 61.72 million GNRC shares are outstanding with a float of 61.23 million shares on hand for trading. On Aug 30, 2023, short shares totaled 4.27 million, which was 6.86% higher than short shares on Jul 30, 2023. In addition to Mr. Aaron P. Jagdfeld as the firm’s Chairman, Pres & CEO, Mr. York A. Ragen serves as its CFO & Chief Accounting Officer.

Institutional Ownership:

Through their ownership of 90.53% of GNRC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.05% of GNRC, in contrast to 40.84% held by mutual funds. Shares owned by individuals account for 3.14%. As the largest shareholder in GNRC with 10.72% of the stake, The Vanguard Group, Inc. holds 6,672,569 shares worth 6,672,569. A second-largest stockholder of GNRC, BlackRock Fund Advisors, holds 2,936,882 shares, controlling over 4.72% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in GNRC, holding 2,646,754 shares or 4.25% stake. With a 3.10% stake in GNRC, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,927,842 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.60% of GNRC stock, is the second-largest Mutual Fund holder. It holds 1,620,501 shares valued at 192.53 million. Vanguard 500 Index Fund holds 2.40% of the stake in GNRC, owning 1,496,300 shares worth 177.78 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, GNRC reported revenue of $1.29B and operating income of $216.84M. The EBITDA in the recently reported quarter was $256.45M and diluted EPS was $2.21.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GNRC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GNRC analysts setting a high price target of $179.00 and a low target of $75.00, the average target price over the next 12 months is $141.07. Based on these targets, GNRC could surge 62.73% to reach the target high and fall by -31.82% to reach the target low. Reaching the average price target will result in a growth of 28.25% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded GNRC stock several times over the past three months with 8 Buys and 6 Sells. In these transactions, 9,922 shares were bought while 15,750 shares were sold. The number of buy transactions has increased to 51 while that of sell transactions has risen to 48 over the past year. The total number of shares bought during that period was 206,651 while 144,507 shares were sold.

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