Gentex Co. (NASDAQ:GNTX) Receives Average Rating of “Hold” from Analysts

Shares of Gentex Co. (NASDAQ:GNTX) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $32.31.

Several brokerages recently weighed in on GNTX. UBS Group cut their price objective on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on Gentex in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. B. Riley restated a “buy” rating and set a $32.50 target price (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Finally, Guggenheim lowered their target price on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st.

Institutional Trading of Gentex

A number of institutional investors and hedge funds have recently modified their holdings of GNTX. Lindenwold Advisors INC lifted its position in Gentex by 2.8% during the third quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock valued at $372,000 after purchasing an additional 347 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Gentex by 5.8% in the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock worth $221,000 after buying an additional 408 shares in the last quarter. 180 Wealth Advisors LLC lifted its position in shares of Gentex by 0.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock worth $1,891,000 after buying an additional 437 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Gentex by 6.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company’s stock worth $214,000 after acquiring an additional 457 shares during the last quarter. Finally, Intellectus Partners LLC increased its stake in Gentex by 6.1% during the third quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock worth $251,000 after acquiring an additional 484 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Gentex Stock Down 0.5 %

GNTX stock opened at $24.19 on Tuesday. Gentex has a fifty-two week low of $24.03 and a fifty-two week high of $37.58. The firm’s 50-day simple moving average is $26.60 and its 200 day simple moving average is $28.86. The stock has a market cap of $5.50 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 0.84 and a beta of 0.91.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the prior year, the business posted $0.50 EPS. Equities analysts forecast that Gentex will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s payout ratio is presently 27.27%.

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.