StockNews.com downgraded shares of Gencor Industries (NASDAQ:GENC – Free Report) from a strong-buy rating to a buy rating in a report issued on Thursday.
Gencor Industries Trading Up 2.0 %
Shares of NASDAQ:GENC opened at $16.69 on Thursday. The stock has a market capitalization of $244.68 million, a PE ratio of 15.75 and a beta of 0.49. Gencor Industries has a 1 year low of $12.34 and a 1 year high of $16.94. The firm has a fifty day moving average price of $16.23 and a 200 day moving average price of $15.34.
Gencor Industries (NASDAQ:GENC – Get Free Report) last released its earnings results on Tuesday, February 6th. The company reported $0.30 earnings per share for the quarter. The firm had revenue of $26.02 million during the quarter. Gencor Industries had a net margin of 14.74% and a return on equity of 8.61%.
Insiders Place Their Bets
Institutional Trading of Gencor Industries
A number of hedge funds and other institutional investors have recently modified their holdings of GENC. Vanguard Group Inc. boosted its stake in Gencor Industries by 7.3% in the first quarter. Vanguard Group Inc. now owns 515,807 shares of the company’s stock valued at $5,303,000 after acquiring an additional 35,103 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Gencor Industries by 22.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 66,900 shares of the company’s stock valued at $688,000 after acquiring an additional 12,390 shares in the last quarter. Gabelli Funds LLC increased its stake in Gencor Industries by 26.9% in the 1st quarter. Gabelli Funds LLC now owns 33,000 shares of the company’s stock valued at $339,000 after buying an additional 7,000 shares during the last quarter. Teton Advisors Inc. increased its stake in Gencor Industries by 0.6% in the 1st quarter. Teton Advisors Inc. now owns 476,037 shares of the company’s stock valued at $4,894,000 after buying an additional 3,000 shares during the last quarter. Finally, State Street Corp increased its stake in Gencor Industries by 17.8% in the 1st quarter. State Street Corp now owns 17,627 shares of the company’s stock valued at $181,000 after buying an additional 2,659 shares during the last quarter.
About Gencor Industries
Gencor Industries, Inc, together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. It offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants.
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