Gentex (NASDAQ:GNTX) Director Sells $136,478.22 in Stock

Gentex Corporation (NASDAQ:GNTX) Director Brian Walker sold 5,939 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $22.98, for a total transaction of $136,478.22. Following the transaction, the director owned 24,205 shares in the company, valued at $556,230.90. The trade was a 19.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Gentex Price Performance

Shares of NASDAQ GNTX opened at $22.87 on Monday. Gentex Corporation has a one year low of $20.48 and a one year high of $29.38. The firm’s 50 day simple moving average is $22.19 and its two-hundred day simple moving average is $23.08. The stock has a market capitalization of $4.87 billion, a P/E ratio of 12.85 and a beta of 0.78.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, April 24th. The auto parts company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. Gentex had a net margin of 14.75% and a return on equity of 16.27%. The business had revenue of $675.44 million for the quarter, compared to analysts’ expectations of $649.42 million. During the same period last year, the business earned $0.42 earnings per share. The business’s quarterly revenue was up 17.1% on a year-over-year basis. As a group, equities analysts expect that Gentex Corporation will post 1.96 earnings per share for the current fiscal year.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were issued a $0.12 dividend. The ex-dividend date was Wednesday, April 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.1%. Gentex’s dividend payout ratio (DPR) is currently 26.97%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GNTX. B. Riley Financial restated a “buy” rating and issued a $29.00 target price (up from $28.00) on shares of Gentex in a report on Monday, April 27th. Freedom Capital upgraded shares of Gentex to a “strong-buy” rating in a report on Friday, March 27th. Wall Street Zen upgraded shares of Gentex from a “hold” rating to a “buy” rating in a report on Sunday, March 8th. UBS Group set a $26.00 target price on shares of Gentex in a report on Sunday, April 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Gentex in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.83.

Institutional Trading of Gentex

Several large investors have recently added to or reduced their stakes in GNTX. Bank of Montreal Can boosted its holdings in Gentex by 14,398.7% in the fourth quarter. Bank of Montreal Can now owns 7,726,057 shares of the auto parts company’s stock valued at $179,785,000 after acquiring an additional 7,672,769 shares in the last quarter. Caisse de depot et placement du Quebec lifted its position in Gentex by 297.0% during the fourth quarter. Caisse de depot et placement du Quebec now owns 3,144,881 shares of the auto parts company’s stock valued at $73,181,000 after buying an additional 2,352,668 shares during the period. Norges Bank purchased a new position in Gentex during the fourth quarter valued at $52,767,000. Wellington Management Group LLP lifted its position in Gentex by 10.3% during the third quarter. Wellington Management Group LLP now owns 14,828,120 shares of the auto parts company’s stock valued at $419,636,000 after buying an additional 1,383,203 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Gentex by 25.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,629,380 shares of the auto parts company’s stock valued at $154,271,000 after buying an additional 1,349,445 shares during the period. Institutional investors own 86.76% of the company’s stock.

Gentex Company Profile

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).