Shares of Holley Inc. (NYSE:HLLY – Get Free Report) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $8.36.
Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Holley from $9.00 to $7.50 and set an “overweight” rating on the stock in a research note on Tuesday, November 7th. Benchmark reaffirmed a “buy” rating and set a $12.00 price target on shares of Holley in a research note on Tuesday, September 12th. Telsey Advisory Group downgraded shares of Holley from an “outperform” rating to a “market perform” rating and set a $9.00 price target on the stock. in a research note on Friday, November 3rd. Jefferies Financial Group raised shares of Holley from a “hold” rating to a “buy” rating and dropped their price target for the stock from $8.00 to $5.00 in a research note on Wednesday, November 15th. Finally, Raymond James dropped their price target on shares of Holley from $8.25 to $5.50 and set an “outperform” rating on the stock in a research note on Thursday, November 9th.
Insider Activity at Holley
In other Holley news, Director Ginger M. Jones acquired 10,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $3.77 per share, with a total value of $37,700.00. Following the transaction, the director now directly owns 71,299 shares in the company, valued at $268,797.23. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other Holley news, CEO Matthew Stevenson acquired 11,147 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average price of $3.99 per share, with a total value of $44,476.53. Following the transaction, the chief executive officer now directly owns 2,405,858 shares in the company, valued at $9,599,373.42. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ginger M. Jones acquired 10,000 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $3.77 per share, with a total value of $37,700.00. Following the transaction, the director now owns 71,299 shares in the company, valued at $268,797.23. The disclosure for this purchase can be found here. Insiders own 0.92% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Holley by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,062,465 shares of the company’s stock worth $15,282,000 after purchasing an additional 88,278 shares during the last quarter. Graham Capital Management L.P. bought a new position in Holley in the 3rd quarter worth about $162,000. Royal Bank of Canada grew its position in Holley by 6.1% in the 3rd quarter. Royal Bank of Canada now owns 58,765 shares of the company’s stock worth $293,000 after purchasing an additional 3,356 shares during the last quarter. Sei Investments Co. grew its position in Holley by 5.8% in the 3rd quarter. Sei Investments Co. now owns 392,994 shares of the company’s stock worth $1,961,000 after purchasing an additional 21,526 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Holley by 918.7% in the 3rd quarter. Legal & General Group Plc now owns 51,615 shares of the company’s stock worth $258,000 after purchasing an additional 46,548 shares during the last quarter. 78.44% of the stock is owned by institutional investors and hedge funds.
Holley Stock Performance
NYSE:HLLY opened at $5.01 on Friday. The company has a current ratio of 3.43, a quick ratio of 1.10 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $594.04 million, a price-to-earnings ratio of 167.00 and a beta of 1.55. The firm’s fifty day simple moving average is $4.29 and its 200 day simple moving average is $4.86. Holley has a twelve month low of $1.88 and a twelve month high of $8.06.
Holley (NYSE:HLLY – Get Free Report) last posted its earnings results on Wednesday, November 8th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. Holley had a net margin of 0.42% and a return on equity of 0.70%. The business had revenue of $156.53 million for the quarter, compared to analyst estimates of $156.62 million. As a group, equities research analysts expect that Holley will post 0.21 earnings per share for the current fiscal year.
Holley Company Profile
Holley Inc designs, manufactures, and markets automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. The company’s products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products, and exhaust products as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.