Dumont & Blake Investment Advisors LLC Sells 520 Shares of Gentex Co. (NASDAQ:GNTX)

Dumont & Blake Investment Advisors LLC decreased its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,930 shares of the auto parts company’s stock after selling 520 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Gentex were worth $659,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new position in Gentex in the fourth quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 1,269 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Gentex during the 3rd quarter valued at about $125,000. GAMMA Investing LLC lifted its position in Gentex by 159.1% in the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock worth $147,000 after buying an additional 3,152 shares during the last quarter. Finally, KBC Group NV grew its position in Gentex by 13.3% during the third quarter. KBC Group NV now owns 5,664 shares of the auto parts company’s stock valued at $168,000 after acquiring an additional 667 shares during the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Robert W. Baird lifted their price target on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Guggenheim decreased their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Finally, Bank of America decreased their price target on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $35.13.

Gentex Stock Up 1.4 %

NASDAQ:GNTX opened at $28.22 on Friday. The stock has a market cap of $6.42 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 0.92 and a beta of 0.91. The firm’s fifty day simple moving average is $29.06 and its 200 day simple moving average is $29.89. Gentex Co. has a twelve month low of $26.58 and a twelve month high of $37.58.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.70%. The ex-dividend date was Wednesday, January 8th. Gentex’s dividend payout ratio (DPR) is currently 25.67%.

Gentex Profile

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.