Norris Perne & French LLP MI Makes New $693,000 Investment in Gentex Corporation $GNTX

Norris Perne & French LLP MI purchased a new position in shares of Gentex Corporation (NASDAQ:GNTX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,889 shares of the auto parts company’s stock, valued at approximately $693,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. XXEC Inc. purchased a new stake in shares of Gentex in the 2nd quarter valued at $7,705,220,000. BlackRock Inc. acquired a new position in Gentex during the 2nd quarter worth about $550,287,000. Dimensional Fund Advisors LP grew its position in Gentex by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,463,299 shares of the auto parts company’s stock valued at $163,067,000 after acquiring an additional 833,919 shares in the last quarter. Caisse de depot et placement du Quebec acquired a new position in Gentex in the 2nd quarter valued at about $79,924,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Gentex by 21.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,995,044 shares of the auto parts company’s stock valued at $65,442,000 after acquiring an additional 534,905 shares in the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GNTX. Freedom Capital cut shares of Gentex from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. UBS Group lowered their price objective on shares of Gentex from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. The Goldman Sachs Group cut shares of Gentex from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $23.00 to $20.00 in a report on Tuesday, October 6th. JPMorgan Chase & Co. cut their target price on shares of Gentex from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Finally, Wall Street Zen downgraded shares of Gentex from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.20.

Gentex Trading Down 5.0%

Shares of NASDAQ GNTX opened at $20.66 on Friday. The stock has a market cap of $4.40 billion, a P/E ratio of 11.11 and a beta of 0.86. Gentex Corporation has a 12-month low of $19.98 and a 12-month high of $26.48. The business’s fifty day simple moving average is $22.26 and its 200-day simple moving average is $23.28.

Gentex (NASDAQ:GNTX) last released its earnings results on Friday, October 23rd. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Gentex had a net margin of 15.50% and a return on equity of 16.78%. The company had revenue of $647.71 million during the quarter, compared to analysts’ expectations of $669.69 million. During the same quarter last year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts forecast that Gentex Corporation will post 2.06 EPS for the current fiscal year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Wednesday, October 7th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, October 7th. This represents a $0.48 dividend on an annualized basis and a yield of 2.3%. Gentex’s dividend payout ratio (DPR) is currently 25.81%.

Gentex News Roundup

Here are the key news stories impacting Gentex this week:

• Positive Sentiment: Premium Audio revenue rose approximately 27% year over year to $54.7 million, providing growth outside Gentex’s core automotive business. The company also repurchased 5.7 million shares for $132.6 million during the quarter. Gentex Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Gentex secured its first printed circuit board assembly contract, with production expected to begin in 2029, potentially creating a longer-term source of revenue diversification. Gentex Reports Third-Quarter Results
• Neutral Sentiment: Management maintained its fiscal 2027 revenue outlook at approximately $2.8 billion to $2.9 billion, broadly in line with consensus, suggesting it views current weakness as manageable over the longer term.
• Negative Sentiment: Third-quarter adjusted EPS was $0.47, below the approximately $0.50–$0.51 consensus estimate, while revenue of $647.7 million missed expectations near $669.7 million. GAAP net income fell to $90.6 million, or $0.43 per diluted share, from $101.0 million a year earlier. Gentex Q3 Earnings Miss
• Negative Sentiment: Automotive sales dropped to $552.5 million from $573.7 million, and gross margin contracted to 33.4% from 34.4%. Management cited persistent weakness in China and rising costs as ongoing headwinds.
• Negative Sentiment: Gentex reduced its 2026 revenue outlook to approximately $2.65 billion, increasing concerns about near-term demand and profitability despite the unchanged 2027 forecast.

About Gentex

Gentex Corporation (NASDAQ:GNTX) is a technology manufacturer headquartered in Zeeland, Michigan. Founded in 1974, the company develops products primarily for the automotive industry, along with selected applications in the aerospace and fire-protection markets.

Gentex is best known for its automatic-dimming rearview and side-view mirrors, which use electrochromic technology to reduce glare. Its automotive product portfolio also includes camera-based driver-assistance systems, digital vision and sensing technologies, connected-car products, overhead console systems, and HomeLink universal garage-door and home-control systems.