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

StockNews.com upgraded shares of Gencor Industries (NASDAQ:GENC) from a hold rating to a buy rating in a report issued on Tuesday morning.

Gencor Industries Stock Performance

GENC opened at $20.52 on Tuesday. The business has a fifty day moving average of $20.10 and a 200 day moving average of $19.72. Gencor Industries has a 52-week low of $13.67 and a 52-week high of $24.88.

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

Institutional Trading of Gencor Industries

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in Gencor Industries by 52.7% during 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 in the last quarter. First Eagle Investment Management LLC lifted its stake in Gencor Industries by 11.0% in the first quarter. First Eagle Investment Management LLC now owns 71,561 shares of the company’s stock worth $1,194,000 after acquiring an additional 7,100 shares during the period. Vanguard Group Inc. grew its holdings in Gencor Industries by 1.0% during the 1st 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 in the last quarter. Aristides Capital LLC purchased a new position in Gencor Industries during the 1st quarter valued at about $188,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Gencor Industries by 4.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 73,012 shares of the company’s stock valued at $1,412,000 after purchasing an additional 3,125 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.