StockNews.com Lowers Gencor Industries (NASDAQ:GENC) to Hold

StockNews.com lowered shares of Gencor Industries (NASDAQ:GENC) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Gencor Industries Price Performance

Gencor Industries stock opened at $18.56 on Wednesday. The company’s 50 day simple moving average is $20.22 and its 200 day simple moving average is $18.62. The firm has a market capitalization of $272.09 million, a price-to-earnings ratio of 16.14 and a beta of 0.40. Gencor Industries has a fifty-two week low of $13.50 and a fifty-two week high of $24.88.

Gencor Industries (NASDAQ:GENC) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.17 EPS for the quarter. Gencor Industries had a return on equity of 8.60% and a net margin of 14.33%. The business had revenue of $25.55 million for the quarter.

Institutional Trading of Gencor Industries

A number of institutional investors have recently modified their holdings of GENC. Rhumbline Advisers raised its stake in shares of Gencor Industries by 4.1% during the 2nd quarter. Rhumbline Advisers now owns 11,767 shares of the company’s stock worth $228,000 after purchasing an additional 465 shares in the last quarter. Pullen Investment Management LLC lifted its position in Gencor Industries by 1.7% during the second quarter. Pullen Investment Management LLC now owns 58,129 shares of the company’s stock worth $1,124,000 after acquiring an additional 997 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Gencor Industries by 52.7% in the 1st quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock valued at $85,000 after purchasing an additional 1,765 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Gencor Industries by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 73,012 shares of the company’s stock valued at $1,412,000 after acquiring an additional 3,125 shares during the period. Finally, First Eagle Investment Management LLC grew its stake in shares of Gencor Industries by 7.1% in the fourth quarter. First Eagle Investment Management LLC now owns 64,461 shares of the company’s stock valued at $1,040,000 after acquiring an additional 4,263 shares in 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.