First Dallas Securities Inc. Makes New $222,000 Investment in Generac Holdings Inc. $GNRC

First Dallas Securities Inc. purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the 2nd quarter, HoldingsChannel reports. The fund purchased 1,550 shares of the technology company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GNRC. MassMutual Private Wealth & Trust FSB raised its stake in shares of Generac by 81.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after acquiring an additional 77 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Generac in the first quarter worth $28,000. Creative Capital Management Investments LLC increased its position in shares of Generac by 740.7% during the second quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Generac during the 2nd quarter valued at $36,000. Finally, Colonial Trust Advisors boosted its position in shares of Generac by 357.1% in the 1st quarter. Colonial Trust Advisors now owns 320 shares of the technology company’s stock worth $41,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GNRC. Wall Street Zen lowered Generac from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. UBS Group cut their price objective on shares of Generac from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Generac from $180.00 to $196.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Zacks Research downgraded shares of Generac from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $240.00 price target on shares of Generac in a research note on Thursday, October 30th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $191.06.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the completion of the transaction, the chief executive officer directly owned 542,966 shares in the company, valued at approximately $90,365,831.38. This trade represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 15,000 shares of company stock worth $2,575,300 over the last quarter. 2.70% of the stock is owned by company insiders.

Generac Trading Up 1.0%

Shares of Generac stock opened at $155.29 on Monday. The stock has a market cap of $9.11 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69. The firm has a fifty day moving average price of $176.82 and a 200 day moving average price of $158.30. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $203.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 0.88.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.42). The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.20 billion. Generac had a return on equity of 17.63% and a net margin of 6.92%.Generac’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.25 earnings per share. Generac has set its FY 2025 guidance at EPS. Equities research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Generac 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.