Gentex Co. (NASDAQ:GNTX) Receives $32.31 Average Price Target from Brokerages

Shares of Gentex Co. (NASDAQ:GNTX) have received a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $32.31.

A number of equities analysts recently commented on GNTX shares. JPMorgan Chase & Co. decreased their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Guggenheim decreased their price target on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Robert W. Baird set a $31.00 price target on Gentex in a report on Monday, February 3rd. UBS Group decreased their price target on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, B. Riley reissued a “buy” rating and set a $32.50 price target (down from $37.00) on shares of Gentex in a report on Monday, February 3rd.

Gentex Price Performance

GNTX stock opened at $24.32 on Tuesday. The company has a market cap of $5.53 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 0.84 and a beta of 0.91. Gentex has a 1 year low of $24.07 and a 1 year high of $37.58. The stock’s fifty day moving average price is $26.70 and its 200-day moving average price is $28.90.

Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.10). Gentex had a return on equity of 16.74% and a net margin of 17.49%. During the same period in the previous year, the company earned $0.50 earnings per share. As a group, analysts expect that Gentex will post 2.04 earnings per share for the current 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 issued a $0.12 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.97%. Gentex’s dividend payout ratio (DPR) is 27.27%.

Institutional Investors Weigh In On Gentex

Large investors have recently made changes to their positions in the company. Midwest Capital Advisors LLC bought a new stake in shares of Gentex in the fourth quarter worth about $26,000. TD Private Client Wealth LLC increased its holdings in shares of Gentex by 138.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 662 shares during the last quarter. Synergy Asset Management LLC bought a new stake in shares of Gentex in the fourth quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Gentex by 32.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock worth $70,000 after purchasing an additional 593 shares during the last quarter. Finally, LRI Investments LLC increased its holdings in shares of Gentex by 33.2% in the fourth quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company’s stock worth $79,000 after purchasing an additional 686 shares during the last quarter. 86.76% of the stock is owned by institutional investors.

Gentex Company 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.