Gencor Industries (NASDAQ:GENC) Downgraded by StockNews.com to Buy

StockNews.com downgraded shares of Gencor Industries (NASDAQ:GENC) from a strong-buy rating to a buy rating in a research report released on Friday.

Gencor Industries Stock Down 0.4 %

Gencor Industries stock opened at $18.44 on Friday. The company has a fifty day moving average price of $18.68 and a two-hundred day moving average price of $17.06. Gencor Industries has a 12 month low of $13.50 and a 12 month high of $20.45.

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

Hedge Funds Weigh In On Gencor Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings 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 valued at $85,000 after acquiring an additional 1,765 shares during the period. Aristides Capital LLC acquired a new position in shares of Gencor Industries during the first quarter valued at $188,000. Pullen Investment Management LLC acquired a new position in shares of Gencor Industries during the first quarter valued at $954,000. First Eagle Investment Management LLC boosted 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 acquiring an additional 4,263 shares during the period. Finally, Vanguard Group Inc. boosted 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 acquiring an additional 5,189 shares during the period.

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.