Gencor Industries (NASDAQ:GENC) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of Gencor Industries (NASDAQ:GENC) from a buy rating to a strong-buy rating in a report released on Saturday morning.

Gencor Industries Price Performance

NASDAQ:GENC opened at $18.72 on Friday. Gencor Industries has a twelve month low of $13.50 and a twelve month high of $20.45. The company’s 50 day moving average is $18.88 and its two-hundred day moving average is $17.23.

Gencor Industries (NASDAQ:GENC) last released its earnings results on Friday, May 10th. The company reported $0.42 earnings per share for the quarter. The company had revenue of $40.68 million for the quarter. Gencor Industries had a net margin of 14.61% and a return on equity of 9.14%.

Institutional Trading of Gencor Industries

Large investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC boosted its holdings in shares of Gencor Industries by 7.1% in the 4th 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 during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of 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 acquiring an additional 1,765 shares during the last quarter. Pullen Investment Management LLC purchased a new stake in shares of Gencor Industries in the 1st quarter valued at $954,000. Vanguard Group Inc. boosted its holdings in shares of Gencor Industries by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 545,572 shares of the company’s stock valued at $9,106,000 after acquiring an additional 5,189 shares during the last quarter. Finally, Aristides Capital LLC purchased a new stake in shares of Gencor Industries in the 1st quarter valued at $188,000.

Gencor Industries Company Profile

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.