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

StockNews.com downgraded shares of Gencor Industries (NASDAQ:GENCFree Report) from a strong-buy rating to a buy rating in a report published on Friday.

Gencor Industries Stock Down 0.4 %

Shares of GENC stock opened at $18.44 on Friday. The stock has a fifty day moving average of $18.68 and a 200 day moving average of $17.09. Gencor Industries has a 52 week low of $13.50 and a 52 week high of $20.45.

Gencor Industries (NASDAQ:GENCGet Free Report) last issued its quarterly earnings results on Friday, May 10th. The company reported $0.42 earnings per share for the quarter. Gencor Industries had a return on equity of 9.14% and a net margin of 14.61%. The firm had revenue of $40.68 million during the quarter.

Institutional Investors Weigh In On Gencor Industries

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Gencor Industries by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 545,572 shares of the company’s stock worth $9,106,000 after buying an additional 5,189 shares in the last quarter. First Eagle Investment Management LLC increased its holdings 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 worth $1,194,000 after buying an additional 7,100 shares in the last quarter. Pullen Investment Management LLC purchased a new position in Gencor Industries in the first quarter worth about $954,000. Aristides Capital LLC purchased a new position in Gencor Industries in the first quarter worth about $188,000. Finally, BNP Paribas Financial Markets boosted its position 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 last quarter.

About Gencor Industries

(Get Free Report)

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.

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