Shares of Gentex Co. (NASDAQ:GNTX) have earned a consensus recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $28.60.
Several equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Gentex from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. B. Riley reaffirmed a “buy” rating and set a $35.00 target price on shares of Gentex in a report on Thursday, December 19th. Zacks Investment Research downgraded Gentex from a “hold” rating to a “sell” rating and set a $29.00 target price on the stock. in a report on Thursday, October 17th. ValuEngine upgraded Gentex from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Guggenheim set a $31.00 price target on Gentex and gave the company a “buy” rating in a research note on Monday, October 21st.
In other Gentex news, SVP Roger Perry Campbell sold 1,500 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $88.92, for a total transaction of $133,380.00. Also, CFO Kevin C. Nash sold 12,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $27.49, for a total transaction of $329,880.00. Following the sale, the chief financial officer now directly owns 26,966 shares in the company, valued at approximately $741,295.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,914 shares of company stock valued at $1,143,713. 0.37% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of GNTX. Man Group plc grew its holdings in Gentex by 142.3% in the third quarter. Man Group plc now owns 534,330 shares of the auto parts company’s stock worth $14,713,000 after purchasing an additional 313,828 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of Gentex during the third quarter worth approximately $10,338,000. Russell Investments Group Ltd. raised its position in shares of Gentex by 397.3% during the third quarter. Russell Investments Group Ltd. now owns 458,316 shares of the auto parts company’s stock worth $12,623,000 after purchasing an additional 366,147 shares during the period. Taylor Hoffman Wealth Management bought a new position in shares of Gentex in the 3rd quarter worth $107,000. Finally, California Public Employees Retirement System lifted its holdings in shares of Gentex by 31.1% in the 3rd quarter. California Public Employees Retirement System now owns 616,780 shares of the auto parts company’s stock worth $16,983,000 after purchasing an additional 146,206 shares in the last quarter. 79.93% of the stock is owned by hedge funds and other institutional investors.
GNTX stock opened at $28.91 on Tuesday. The company has a 50 day simple moving average of $28.66 and a 200 day simple moving average of $26.80. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 3.61 and a beta of 1.15. Gentex has a 1 year low of $19.24 and a 1 year high of $29.74.
Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, October 18th. The auto parts company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $477.76 million during the quarter, compared to the consensus estimate of $475.59 million. Gentex had a return on equity of 22.87% and a net margin of 23.09%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. On average, analysts predict that Gentex will post 1.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, January 7th. Gentex’s dividend payout ratio is currently 28.40%.
About Gentex
Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.
