Gentex Co. (NASDAQ:GNTX) Receives $36.13 Average Target Price from Brokerages

Shares of Gentex Co. (NASDAQ:GNTX) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $36.13.

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Gentex from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. JPMorgan Chase & Co. reduced their target price on shares of Gentex from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. BNP Paribas lowered shares of Gentex from an “outperform” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a report on Tuesday, July 30th. The Goldman Sachs Group cut their price objective on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Finally, B. Riley cut their price objective on shares of Gentex from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, July 29th.

Insider Transactions at Gentex

In related news, major shareholder Corp Gentex bought 3,152,500 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was bought at an average price of $5.00 per share, with a total value of $15,762,500.00. Following the transaction, the insider now owns 6,463,808 shares of the company’s stock, valued at approximately $32,319,040. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Gentex

Institutional investors have recently modified their holdings of the business. Quest Partners LLC bought a new stake in shares of Gentex during the 2nd quarter valued at about $31,000. Gladius Capital Management LP bought a new stake in shares of Gentex during the 2nd quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its position in shares of Gentex by 173.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock valued at $42,000 after buying an additional 850 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew 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 buying an additional 1,269 shares during the last quarter. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Gentex during the 2nd quarter valued at about $67,000. Institutional investors own 86.76% of the company’s stock.

Gentex Trading Up 5.4 %

NASDAQ:GNTX opened at $31.25 on Wednesday. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 0.95 and a beta of 0.92. The firm’s fifty day simple moving average is $29.90 and its 200 day simple moving average is $32.25. Gentex has a twelve month low of $27.86 and a twelve month high of $37.58.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, July 26th. The auto parts company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.15). The business had revenue of $572.93 million for the quarter, compared to analyst estimates of $623.28 million. Gentex had a net margin of 17.87% and a return on equity of 17.78%. On average, analysts predict that Gentex will post 1.96 earnings per share for the current year.

Gentex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Wednesday, October 9th. Gentex’s payout ratio is currently 25.40%.

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.