Generac (NYSE:GNRC) Stock: Insider Norman Taffe Sells 400 Shares

Generac Holdings Inc. (NYSE:GNRC) insider Norman Taffe sold 400 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $215.46, for a total value of $86,184.00. Following the sale, the insider owned 10,976 shares in the company, valued at $2,364,888.96. The trade was a 3.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Stock Performance

Generac stock opened at $224.36 on Friday. The stock has a 50-day simple moving average of $202.75 and a 200 day simple moving average of $226.75. The stock has a market capitalization of $13.24 billion, a price-to-earnings ratio of 51.70, a P/E/G ratio of 1.90 and a beta of 1.91. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.90. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. Generac’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.65 earnings per share. On average, research analysts anticipate that Generac Holdings Inc. will post 9.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Generac

A number of hedge funds and other institutional investors have recently bought and sold shares of GNRC. BlackRock Inc. bought a new position in shares of Generac during the 2nd quarter worth approximately $1,170,960,000. Diamant Asset Management Inc. lifted its position in Generac by 19,433.0% during the 1st quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company’s stock worth $130,104,000 after buying an additional 662,665 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Generac during the 2nd quarter worth about $175,942,000. Park Presidio Capital LLC bought a new position in shares of Generac in the 2nd quarter valued at about $158,140,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Generac in the second quarter valued at about $90,872,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GNRC shares. Wall Street Zen lowered Generac from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 19th. HSBC lowered Generac to a “hold” rating and set a $333.00 price objective for the company. in a research report on Thursday, September 17th. KeyCorp raised shares of Generac from a “sector weight” rating to an “overweight” rating and set a $280.00 price objective on the stock in a research note on Thursday. Stifel Nicolaus boosted their price objective on shares of Generac from $285.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. Finally, Barclays decreased their target price on Generac from $285.00 to $278.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and an average target price of $290.55.

Key Generac News

Here are the key news stories impacting Generac this week:

• Positive Sentiment: Piper Sandler initiated coverage at “overweight” with a $303 price target, implying meaningful upside and adding fresh institutional support for the stock. Piper Sandler initiates coverage of Generac Holdings at overweight
• Positive Sentiment: KeyBanc upgraded Generac from “sector weight” to “overweight” and set a $280 price objective. The upgrade reflects expectations that data-center and commercial power demand can strengthen Generac’s growth outlook. KeyBanc upgrades Generac Holdings
• Positive Sentiment: Investors are focusing on Generac’s data-center backlog and commercial and industrial opportunity. Analysts see rising demand for backup and distributed power to support data-center construction and AI-related electricity needs, potentially helping offset softer residential demand. GNRC Pops on Piper’s $303 Call, Data-Center Backlog
• Positive Sentiment: A cash-flow valuation analysis suggested GNRC may be approximately 20% undervalued, supporting the argument that the recent rally may not fully reflect its longer-term earnings and cash-generation potential. Generac Stock May Be 20% Undervalued on Cash Flow
• Neutral Sentiment: Several insiders sold shares under pre-arranged Rule 10b5-1 plans. Kyle Raabe sold 603 shares, while Norman Taffe sold 550 shares across two transactions. The sales were relatively small compared with their remaining holdings and therefore appear unlikely to change the fundamental outlook. Generac insider selling alert
• Negative Sentiment: GNRC’s valuation remains demanding, with a P/E ratio above 50 based on the supplied trading data. That valuation leaves the stock sensitive to any disappointment in data-center execution, residential demand, margins or future earnings growth.

About Generac

Generac Holdings Inc is an energy technology company that designs and manufactures power generation equipment, energy storage systems and other products intended to provide backup and distributed energy solutions. Its offerings serve residential, commercial, industrial and other users seeking standby power, portable power or greater control over energy use.

The company’s product portfolio includes home standby generators, portable generators, commercial and industrial generators, mobile power equipment, engines and related transfer switches and controls.