Gencor Industries (NASDAQ:GENC) Trading 0.7% Higher

Gencor Industries, Inc. (NASDAQ:GENC) shares were up 0.7% during mid-day trading on Tuesday . The stock traded as high as $17.15 and last traded at $17.02. Approximately 39,561 shares traded hands during mid-day trading, an increase of 32% from the average daily volume of 29,965 shares. The stock had previously closed at $16.90.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Gencor Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 28th.

Gencor Industries Trading Up 0.7 %

The firm has a 50-day moving average of $16.67 and a 200 day moving average of $15.79.

Gencor Industries (NASDAQ:GENC) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.30 EPS for the quarter. The firm had revenue of $26.02 million during the quarter. Gencor Industries had a return on equity of 8.61% and a net margin of 14.74%.

Insider Activity at Gencor Industries

In other news, President Marc G. Elliott sold 20,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $16.48, for a total transaction of $329,600.00. Following the transaction, the president now owns 461,296 shares of the company’s stock, valued at $7,602,158.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 30.45% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gencor Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gabelli Funds LLC increased its stake in Gencor Industries by 8.5% during the 3rd quarter. Gabelli Funds LLC now owns 51,000 shares of the company’s stock valued at $721,000 after buying an additional 3,975 shares during the period. First Eagle Investment Management LLC raised its position 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 worth $1,040,000 after purchasing an additional 4,263 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in shares of Gencor Industries by 11.0% during the third quarter. Gamco Investors INC. ET AL now owns 154,600 shares of the company’s stock worth $2,184,000 after purchasing an additional 15,300 shares during the period.

Gencor Industries Company Profile

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.