Gencor Industries (NASDAQ:GENC) Cut to Buy at StockNews.com

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

Gencor Industries Stock Down 0.2 %

GENC stock opened at $18.53 on Friday. The business has a fifty day moving average price of $19.05 and a 200 day moving average price of $17.31. Gencor Industries has a fifty-two week low of $13.50 and a fifty-two week high of $20.45.

Gencor Industries (NASDAQ:GENC) last posted its quarterly earnings data on Friday, May 10th. The company reported $0.42 EPS for the quarter. The company 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%.

Hedge Funds Weigh In On Gencor Industries

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

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.