Aurora Investment Counsel Makes New $534,000 Investment in Gentex Corporation $GNTX

Aurora Investment Counsel acquired a new position in shares of Gentex Corporation (NASDAQ:GNTX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 24,280 shares of the auto parts company’s stock, valued at approximately $534,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its stake in 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 in the last quarter. Brooklyn Investment Group grew its stake 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 valued at $28,000 after buying an additional 917 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings 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 last quarter. State of Wyoming acquired a new position in shares of Gentex in the 1st quarter worth approximately $45,000. Finally, Steph & Co. acquired a new position in shares of Gentex in the 2nd quarter worth approximately $45,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Gentex Stock Performance

Shares of Gentex stock opened at $26.44 on Tuesday. Gentex Corporation has a 1 year low of $20.28 and a 1 year high of $31.48. The company has a market capitalization of $5.80 billion, a P/E ratio of 14.94 and a beta of 0.84. The company’s fifty day moving average is $27.71 and its two-hundred day moving average is $24.44.

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

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, October 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. Gentex’s payout ratio is presently 27.12%.

Gentex declared that its Board of Directors has initiated a share repurchase program on Wednesday, July 16th that allows the company to buyback 40,000,000 shares. This buyback authorization allows the auto parts company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

GNTX has been the topic of several recent analyst reports. B. Riley upped their price objective on shares of Gentex from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, July 28th. JPMorgan Chase & Co. increased their target price on shares of Gentex from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday. Robert W. Baird increased their price objective on shares of Gentex from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Industrial Alliance Securities set a $25.00 price objective on shares of Gentex in a research report on Friday, July 11th. Finally, The Goldman Sachs Group set a $32.00 price objective on shares of Gentex in a research report on Monday, September 29th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $29.14.

About Gentex

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.