Brokerages Set Gentex Co. (NASDAQ:GNTX) PT at $35.13

Gentex Co. (NASDAQ:GNTX) has earned an average recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $35.13.

A number of analysts have recently issued reports on GNTX shares. The Goldman Sachs Group reduced their price target on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Robert W. Baird increased their target price on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Guggenheim lowered their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Finally, Bank of America cut their price objective on Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 14th.

Gentex Trading Down 1.2 %

NASDAQ:GNTX opened at $26.86 on Monday. Gentex has a 1-year low of $26.58 and a 1-year high of $37.58. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 1.08 and a beta of 0.91. The business’s fifty day moving average price is $29.66 and its 200 day moving average price is $30.45.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be given a $0.12 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.79%. Gentex’s dividend payout ratio is currently 25.67%.

Institutional Trading of Gentex

Several large investors have recently made changes to their positions in GNTX. Quest Partners LLC acquired a new stake in Gentex in the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC lifted its stake in shares of Gentex by 173.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock worth $42,000 after buying an additional 850 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock worth $54,000 after buying an additional 1,269 shares during the period. HHM Wealth Advisors LLC bought a new stake in shares of Gentex during the 2nd quarter worth $67,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Gentex in the 3rd quarter valued at $125,000. Institutional investors 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.