Matrix Asset Advisors Buys $7.44 Million in Generac Holdings (GNRC)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: Yahoo Finance
- Share Increase: Matrix Asset Advisors increased its stake in Generac Holdings by 46,101 shares in Q4, with an estimated transaction value of $7.44 million, indicating confidence in the company's future growth prospects.
- Value Appreciation: As of December 31, Matrix's total position in Generac reached $15.41 million, an increase of $4.21 million from the previous quarter, reflecting both the rise in share price and the acquisition of additional shares.
- Market Performance: Generac's stock returned 0.81% over the past year but underperformed the S&P 500 by approximately 16 percentage points, indicating market caution regarding its future growth potential.
- Financial Resilience: Despite a slowdown in residential demand, Generac's commercial and industrial revenue grew by 9% year-over-year, and the adjusted EBITDA margin remained steady at 17.3%, demonstrating the company's profitability amid challenges.
Analyst Views on GNRC
Wall Street analysts forecast GNRC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GNRC is 207.67 USD with a low forecast of 184.00 USD and a high forecast of 240.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 161.430
Low
184.00
Averages
207.67
High
240.00
Current: 161.430
Low
184.00
Averages
207.67
High
240.00
About GNRC
Generac Holdings Inc. is a global designer, manufacturer, and provider of energy technology solutions. The Company provides power generation equipment, energy storage systems, energy management devices & solutions, and other power products serving the residential, light commercial, and industrial markets. The Company operates through two segments: Domestic and International. The Domestic segment includes the legacy Generac business and the acquisitions that are based in the United States and Canada. The International segment includes acquisitions not based in the United States and Canada. It designs and manufactures stationary, portable, and mobile power generators with single-engine outputs ranging between 800W and 3,250kW. Its residential automatic standby generators range in output from 7.5kW to 150kW, which predominantly operate on natural gas and liquid propane, and are permanently installed with an automatic transfer switch.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
