Gentex Corporation $GNTX Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its position in Gentex Corporation (NASDAQ:GNTX) by 17.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,880 shares of the auto parts company’s stock after acquiring an additional 6,524 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Gentex were worth $943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in GNTX. GAMMA Investing LLC increased its position in shares of Gentex by 16.1% in the 1st quarter. GAMMA Investing LLC now owns 5,957 shares of the auto parts company’s stock valued at $139,000 after acquiring an additional 824 shares during the period. SG Americas Securities LLC acquired a new position in shares of Gentex in the 1st quarter valued at $456,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Gentex by 42.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 50,056 shares of the auto parts company’s stock valued at $1,166,000 after acquiring an additional 15,025 shares during the period. State of Alaska Department of Revenue increased its position in shares of Gentex by 0.7% in the 1st quarter. State of Alaska Department of Revenue now owns 104,185 shares of the auto parts company’s stock valued at $2,427,000 after acquiring an additional 713 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Gentex by 5.7% in the 1st quarter. Blue Trust Inc. now owns 12,783 shares of the auto parts company’s stock valued at $298,000 after acquiring an additional 686 shares during the period. 86.76% of the stock is owned by institutional investors and hedge funds.

Gentex Trading Down 0.7%

GNTX stock opened at $26.01 on Monday. The business’s 50-day moving average is $27.72 and its 200 day moving average is $24.41. Gentex Corporation has a 12-month low of $20.28 and a 12-month high of $31.48. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 14.69 and a beta of 0.84.

Gentex (NASDAQ:GNTX) last released its earnings results on Friday, July 25th. The auto parts company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. Gentex had a net margin of 16.82% and a return on equity of 16.86%. The business had revenue of $657.86 million for the quarter, compared to analyst estimates of $591.94 million. During the same period last year, the company posted $0.37 EPS. The business’s revenue was up 14.8% on a year-over-year basis. Gentex has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Gentex Corporation will post 2.04 EPS for the current fiscal year.

Gentex announced that its board has authorized a stock buyback plan on Wednesday, July 16th that authorizes the company to repurchase 40,000,000 shares. This repurchase authorization authorizes the auto parts company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Gentex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, October 8th. Gentex’s dividend payout ratio (DPR) is 27.12%.

Analyst Ratings Changes

Several equities research analysts have weighed in on GNTX shares. Wall Street Zen raised Gentex from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gentex in a research report on Wednesday, October 8th. Zacks Research downgraded Gentex from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. UBS Group reaffirmed a “neutral” rating and set a $29.00 price target (up from $28.00) on shares of Gentex in a research report on Monday, October 6th. Finally, Robert W. Baird increased their target price on shares of Gentex from $26.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Gentex presently has an average rating of “Hold” and an average price target of $29.14.

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.