Gentex Co. (NASDAQ:GNTX) Receives $36.13 Average Price Target from Analysts

Gentex Co. (NASDAQ:GNTX) has been given a consensus recommendation of “Hold” by the eight research firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $36.13.

Several research analysts have commented on GNTX shares. JPMorgan Chase & Co. decreased their target price on shares of Gentex from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. UBS Group assumed coverage on shares of Gentex in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $34.00 price target for the company. StockNews.com lowered shares of Gentex from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. Robert W. Baird reduced their price target on shares of Gentex from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, July 29th. Finally, Bank of America reduced their price target on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 14th.

Gentex Trading Up 5.4 %

NASDAQ GNTX opened at $31.25 on Wednesday. Gentex has a 52 week low of $27.86 and a 52 week high of $37.58. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. The company has a 50-day moving average price of $29.90 and a two-hundred day moving average price of $32.25.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, July 26th. The auto parts company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.15). Gentex had a return on equity of 17.78% and a net margin of 17.87%. The firm had revenue of $572.93 million during the quarter, compared to the consensus estimate of $623.28 million. As a group, equities research analysts expect that Gentex will post 1.96 earnings per share for the current fiscal year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Wednesday, October 9th. Gentex’s dividend payout ratio is presently 25.40%.

Insider Activity at Gentex

In other Gentex news, major shareholder Corp Gentex bought 3,152,500 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the completion of the purchase, the insider now directly owns 6,463,808 shares in the company, valued at approximately $32,319,040. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Gentex

Large investors have recently made changes to their positions in the company. Quest Partners LLC acquired a new stake in shares of Gentex during the second quarter valued at approximately $31,000. Gladius Capital Management LP acquired a new position in Gentex in the 2nd quarter valued at approximately $34,000. EverSource Wealth Advisors LLC increased its stake in Gentex by 173.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock valued at $42,000 after buying an additional 850 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Gentex by 227.8% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock valued at $54,000 after buying an additional 1,269 shares during the period. Finally, HHM Wealth Advisors LLC acquired a new position in Gentex in the 2nd quarter valued at approximately $67,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Company Profile

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.