Generac Holdings Inc.
) hit a new 52-week high of $57.05 on Dec 24, and eventually
closed at $56.13. Share prices of this diversified machinery
company have been on a rise due to its strong inorganic growth
Year-to-date, Generac's share prices have recorded a healthy
return of 81.7%. The company's long-term estimated earnings per
share growth rate is 10.3%. Average volume of shares traded over
the last three months came in at 764K.
Generac has been performing well in the past few quarters and
intends to grow further. In concurrence with the same, the
company recently acquired the generators products division of
Baldor Electric Company. The assets acquired will complement
Generac Holdings' existing line of business and enable deeper
penetration into the North American and international markets
served by Baldor Electric's generator division. Products
including portable, mobile, standby and prime power generators
ranging from 3kW to 2.5MW are expected to be added to the
Earlier in Aug 2013, the company acquired Tower Light Srl and
its subsidiaries from the European private equity fund, Ambienta
I. Based in Italy, Tower Light is a leader in the development and
supply of mobile light towers. Additionally, the company has been
launching products to gain a higher market share.
Generac reported positive earnings surprise in all the four
previous quarters, with the average surprise for the same being
25.6%. The growth in business is reflected in the upward revision
of the sales and earnings guidance for 2013.
Other Stocks to Consider
With a Zacks Rank #2 (Buy), Generac currently has a market
capitalization of $3.9 billion. Some other stocks in the industry
worth a watch include
DXP Enterprises, Inc.
). While Xylem carries a Zacks Rank #1 (Strong Buy), Graham Corp.
and DXP Enterprises hold a Zacks Rank #2.
DXP ENTERPRISES (DXPE): Free Stock Analysis
GRAHAM CORP (GHM): Free Stock Analysis Report
GENERAC HOLDING (GNRC): Free Stock Analysis
XYLEM INC (XYL): Free Stock Analysis Report
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