Holley Inc. (NYSE:HLLY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Holley Inc. (NYSE:HLLY) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $4.50.

A number of equities research analysts have issued reports on HLLY shares. Telsey Advisory Group upped their price target on shares of Holley from $3.50 to $5.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Benchmark increased their target price on Holley from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Holley in a research report on Thursday, January 22nd. Canaccord Genuity Group reissued a “buy” rating on shares of Holley in a research report on Tuesday, December 23rd. Finally, DA Davidson raised their price objective on shares of Holley from $3.00 to $4.50 and gave the stock a “neutral” rating in a research note on Monday, November 10th.

Institutional Inflows and Outflows

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

Holley Trading Down 2.0%

Shares of HLLY stock opened at $3.85 on Friday. Holley has a 12 month low of $1.60 and a 12 month 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 business’s 50 day moving average is $4.15 and its two-hundred day moving average is $3.50. The company has a market cap of $463.96 million, a PE ratio of -17.50 and a beta of 1.31.

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 analysts’ consensus estimates of $0.04 by ($0.01). Holley had a positive return on equity of 6.75% and a negative net margin of 4.16%.The firm had revenue of $138.37 million during the quarter, compared to analyst estimates of $132.36 million. Equities analysts predict that Holley will post 0.12 EPS for the current 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.