Hantz Financial Services Inc. Purchases 3,687 Shares of Gentex Corporation $GNTX

Hantz Financial Services Inc. lifted its position in Gentex Corporation (NASDAQ:GNTX) by 328.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,811 shares of the auto parts company’s stock after purchasing an additional 3,687 shares during the quarter. Hantz Financial Services Inc.’s holdings in Gentex were worth $106,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GNTX. Fuller & Thaler Asset Management Inc. grew its position in Gentex by 487.7% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,447,651 shares of the auto parts company’s stock worth $80,330,000 after acquiring an additional 2,860,969 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Gentex by 142.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,589,585 shares of the auto parts company’s stock worth $106,937,000 after acquiring an additional 2,695,117 shares in the last quarter. American Century Companies Inc. grew its position in Gentex by 148.5% in the first quarter. American Century Companies Inc. now owns 4,119,232 shares of the auto parts company’s stock worth $95,978,000 after acquiring an additional 2,461,835 shares in the last quarter. JPMorgan Chase & Co. grew its position in Gentex by 46.2% in the first quarter. JPMorgan Chase & Co. now owns 7,673,701 shares of the auto parts company’s stock worth $178,797,000 after acquiring an additional 2,424,471 shares in the last quarter. Finally, Burgundy Asset Management Ltd. grew its position in Gentex by 40.1% in the first quarter. Burgundy Asset Management Ltd. now owns 7,728,209 shares of the auto parts company’s stock worth $180,067,000 after acquiring an additional 2,211,392 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

Gentex Price Performance

Shares of NASDAQ:GNTX opened at $23.29 on Tuesday. Gentex Corporation has a 1 year low of $20.28 and a 1 year high of $31.41. The business has a 50 day simple moving average of $27.08 and a two-hundred day simple moving average of $24.69. The firm has a market capitalization of $5.11 billion, a PE ratio of 13.70 and a beta of 0.84.

Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, October 24th. The auto parts company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $655.24 million for the quarter, compared to analysts’ expectations of $661.10 million. Gentex had a net margin of 15.61% and a return on equity of 15.86%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. Gentex has set its FY 2025 guidance at EPS. Equities research analysts expect that Gentex Corporation will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Wednesday, October 8th were issued a $0.12 dividend. The ex-dividend date was Wednesday, October 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.1%. Gentex’s payout ratio is presently 28.24%.

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

Analysts Set New Price Targets

Several research analysts recently commented on GNTX shares. Zacks Research lowered Gentex from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. JPMorgan Chase & Co. lifted their price target on Gentex from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. B. Riley lifted their price target on Gentex from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Robert W. Baird set a $29.00 price target on Gentex in a research report on Monday, October 27th. Finally, Industrial Alliance Securities set a $25.00 target price on Gentex in a research report on Friday, July 11th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.29.

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.