Hall Laurie J Trustee Has $355,000 Stock Holdings in Gentex Corporation $GNTX

Hall Laurie J Trustee reduced its holdings in Gentex Corporation (NASDAQ:GNTX) by 13.6% in the 1st quarter, Holdings Channel reports. The fund owned 15,240 shares of the auto parts company’s stock after selling 2,400 shares during the period. Hall Laurie J Trustee’s holdings in Gentex were worth $355,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC increased its holdings in shares of Gentex by 1,471.0% during the 1st quarter. Larson Financial Group LLC now owns 1,084 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 1,015 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of Gentex by 305.7% in the 1st quarter. Brooklyn Investment Group now owns 1,217 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 917 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Gentex by 85.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,222 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 563 shares during the period. Harbor Investment Advisory LLC lifted its position in shares of Gentex by 208.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 1,093 shares during the period. Finally, State of Wyoming acquired a new position in shares of Gentex in the 1st quarter worth approximately $45,000. 86.76% of the stock is owned by institutional investors and hedge funds.

Gentex Trading Down 0.4%

Gentex stock opened at $27.67 on Thursday. Gentex Corporation has a 12 month low of $20.28 and a 12 month high of $31.72. The stock’s 50 day moving average is $25.53 and its 200-day moving average is $23.65. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 15.63 and a beta of 0.85.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, July 25th. The auto parts company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.39 by $0.08. Gentex had a return on equity of 16.86% and a net margin of 16.82%.The company had revenue of $657.86 million for the quarter, compared to the consensus estimate of $591.94 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. Gentex has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Gentex Corporation will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, October 8th. Gentex’s payout ratio is 27.12%.

Gentex announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, July 16th that authorizes the company to repurchase 40,000,000 shares. This repurchase authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Gentex from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. B. Riley lifted their target price on Gentex from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Robert W. Baird raised their price target on Gentex from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Industrial Alliance Securities set a $25.00 target price on Gentex in a report on Friday, July 11th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Gentex in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Gentex currently has an average rating of “Hold” and a consensus target price of $28.63.

Gentex 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.