Holley Inc. (NYSE:HLLY) Receives $4.50 Average PT from Brokerages

Holley Inc. (NYSE:HLLY) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $4.50.

A number of equities research analysts recently weighed in on the stock. DA Davidson boosted their price target on shares of Holley from $3.00 to $4.50 and gave the company a “neutral” rating in a research report on Monday, November 10th. Telsey Advisory Group upped their target price on Holley from $3.50 to $5.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Holley in a research report on Tuesday, December 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Holley in a report on Wednesday, October 8th. Finally, Benchmark raised their target price on shares of Holley from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Monday, November 10th.

Institutional Investors Weigh In On Holley

Hedge funds have recently made changes to their positions in the business. First Eagle Investment Management LLC boosted its holdings in shares of Holley by 32.2% in the second quarter. First Eagle Investment Management LLC now owns 475,297 shares of the company’s stock valued at $951,000 after acquiring an additional 115,851 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Holley by 145.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,248,020 shares of the company’s stock valued at $2,496,000 after purchasing an additional 739,912 shares in the last quarter. Boston Partners increased its position in Holley by 84.8% during the 2nd quarter. Boston Partners now owns 4,807,536 shares of the company’s stock worth $9,615,000 after purchasing an additional 2,206,737 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Holley by 2.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,613,820 shares of the company’s stock worth $22,289,000 after buying an additional 275,838 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Holley by 16.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,072,720 shares of the company’s stock valued at $2,145,000 after buying an additional 151,784 shares during the period. Institutional investors and hedge funds own 39.70% of the company’s stock.

Holley Stock Performance

Shares of HLLY opened at $4.21 on Tuesday. The company has a market capitalization of $506.74 million, a price-to-earnings ratio of -19.11 and a beta of 1.31. Holley has a 52-week low of $1.60 and a 52-week high of $4.43. The company has a quick ratio of 1.06, a current ratio of 2.78 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average price of $4.02 and a 200 day moving average price of $3.33.

Holley (NYSE:HLLY) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $138.37 million for the quarter, compared to analysts’ expectations of $132.36 million. Holley had a positive return on equity of 6.75% and a negative net margin of 4.16%. Research analysts predict that Holley will post 0.12 EPS for the current fiscal year.

Holley Company Profile

Holley Inc is a designer, manufacturer and marketer of high‐performance automotive products for the enthusiast market. Through its portfolio of well‐known brands, the company develops fuel delivery systems, intake manifolds, ignition components, nitrous oxide systems, digital controls and other engine‐dress accessories tailored to both street and competition applications. Holley’s products are sold through a network of domestic and international distributors, retailers and directly to professional race teams and hobbyists.

The company’s product offerings span mechanical and electronic fuel injection, carburetion, engine management, add‐on power systems and calibration tools.