Gencor Industries (NASDAQ:GENC) Upgraded at StockNews.com

StockNews.com upgraded shares of Gencor Industries (NASDAQ:GENC) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday.

Gencor Industries Price Performance

Shares of GENC opened at $18.74 on Thursday. Gencor Industries has a one year low of $13.50 and a one year high of $20.45. The business’s 50 day simple moving average is $18.51 and its 200-day simple moving average is $16.94.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Aristides Capital LLC bought a new position in Gencor Industries in the 1st quarter valued at $188,000. Vanguard Group Inc. boosted its position in 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 buying an additional 5,189 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Gencor Industries by 11.0% in the 1st quarter. First Eagle Investment Management LLC now owns 71,561 shares of the company’s stock valued at $1,194,000 after buying an additional 7,100 shares during the last quarter. Pullen Investment Management LLC bought a new position in Gencor Industries in the 1st quarter valued at $954,000. Finally, BNP Paribas Financial Markets boosted its position 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 buying an additional 1,765 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.