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

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

Gencor Industries Trading Down 3.2 %

Shares of NASDAQ GENC opened at $18.72 on Friday. Gencor Industries has a 1 year low of $13.50 and a 1 year high of $20.45. The company’s 50-day moving average is $18.88 and its 200 day moving average is $17.23.

Gencor Industries (NASDAQ:GENC) last announced its quarterly earnings data on Friday, May 10th. The company reported $0.42 earnings per share for the quarter. The business 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 Investors Weigh In On Gencor Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of GENC. BNP Paribas Financial Markets grew its holdings in Gencor Industries by 52.7% in the first quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock worth $85,000 after purchasing an additional 1,765 shares during the period. Aristides Capital LLC purchased a new stake in shares of Gencor Industries during the first quarter valued at approximately $188,000. Pullen Investment Management LLC purchased a new stake in shares of Gencor Industries during the first quarter valued at approximately $954,000. First Eagle Investment Management LLC grew its holdings in shares of Gencor Industries by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 64,461 shares of the company’s stock valued at $1,040,000 after buying an additional 4,263 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Gencor Industries by 1.0% during the first quarter. Vanguard Group Inc. now owns 545,572 shares of the company’s stock valued at $9,106,000 after buying an additional 5,189 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.