Analysts Set Gentex Co. (NASDAQ:GNTX) Target Price at $37.83

Shares of Gentex Co. (NASDAQ:GNTX) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $37.83.

GNTX has been the subject of a number of analyst reports. B. Riley raised their price target on Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Guggenheim boosted their target price on shares of Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. StockNews.com cut shares of Gentex from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. JPMorgan Chase & Co. boosted their price objective on shares of Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Finally, The Goldman Sachs Group upped their price objective on Gentex from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, January 29th.

Insider Buying and Selling at Gentex

In other news, CFO Kevin C. Nash sold 13,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total value of $446,040.00. Following the transaction, the chief financial officer now owns 44,321 shares in the company, valued at approximately $1,464,365.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GNTX. Simplicity Solutions LLC raised its holdings in Gentex by 6.7% during the third quarter. Simplicity Solutions LLC now owns 23,811 shares of the auto parts company’s stock worth $775,000 after buying an additional 1,501 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Gentex in the 3rd quarter valued at about $2,031,000. Pinnacle Associates Ltd. boosted its stake in Gentex by 0.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 73,908 shares of the auto parts company’s stock valued at $2,405,000 after purchasing an additional 599 shares during the last quarter. Raymond James & Associates increased its holdings in Gentex by 2.7% during the 3rd quarter. Raymond James & Associates now owns 561,284 shares of the auto parts company’s stock worth $18,264,000 after purchasing an additional 14,596 shares in the last quarter. Finally, GW Henssler & Associates Ltd. purchased a new stake in shares of Gentex in the third quarter worth approximately $222,000. Institutional investors own 86.76% of the company’s stock.

Gentex Stock Performance

Shares of GNTX opened at $34.13 on Wednesday. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 0.75 and a beta of 0.98. Gentex has a 12 month low of $25.86 and a 12 month high of $37.58. The firm has a fifty day simple moving average of $35.55 and a 200 day simple moving average of $33.21.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, April 26th. The auto parts company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $590.23 million for the quarter, compared to analyst estimates of $600.38 million. Gentex had a return on equity of 19.19% and a net margin of 18.77%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 earnings per share. As a group, research analysts predict that Gentex will post 2.11 earnings per share for the current fiscal year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, April 5th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, April 4th. Gentex’s dividend payout ratio is currently 25.40%.

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.