Gentex (NASDAQ:GNTX) Hits New 12-Month Low – What’s Next?

Shares of Gentex Co. (NASDAQ:GNTX) reached a new 52-week low on Tuesday . The company traded as low as $24.55 and last traded at $24.86, with a volume of 33031 shares. The stock had previously closed at $24.81.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GNTX shares. B. Riley restated a “buy” rating and set a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Guggenheim decreased their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. UBS Group cut their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, Robert W. Baird increased their price objective on Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $33.06.

Gentex Stock Performance

The firm has a market capitalization of $5.55 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91. The firm’s 50-day moving average is $28.05 and its 200 day moving average is $29.33.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the previous year, the company posted $0.50 earnings per share. As a group, equities analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Wednesday, January 8th. Gentex’s payout ratio is currently 27.27%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GNTX. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Gentex by 4.0% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,237,837 shares of the auto parts company’s stock valued at $35,563,000 after buying an additional 47,832 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Gentex in the 4th quarter worth approximately $1,195,000. Smith Moore & CO. raised its holdings in Gentex by 3.5% in the 4th quarter. Smith Moore & CO. now owns 18,666 shares of the auto parts company’s stock valued at $536,000 after acquiring an additional 632 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Gentex during the 4th quarter worth $644,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Gentex in the fourth quarter valued at $330,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

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.