Gentex Co. (NASDAQ:GNTX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Gentex Co. (NASDAQ:GNTX) have been assigned an average rating of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $32.31.

Several research analysts have recently issued reports on GNTX shares. JPMorgan Chase & Co. decreased their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. B. Riley reissued a “buy” rating and issued a $32.50 target price (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Guggenheim decreased their target price on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Robert W. Baird set a $31.00 target price on Gentex in a research report on Monday, February 3rd. Finally, UBS Group cut their price target on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd.

Institutional Trading of Gentex

Institutional investors have recently added to or reduced their stakes in the business. Midwest Capital Advisors LLC purchased a new stake in Gentex during the 4th quarter valued at $26,000. TD Private Client Wealth LLC boosted its stake in Gentex by 138.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 662 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in Gentex during the 4th quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Gentex by 32.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 593 shares during the last quarter. Finally, LRI Investments LLC boosted its stake in Gentex by 33.2% during the 4th quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company’s stock valued at $79,000 after purchasing an additional 686 shares during the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Price Performance

GNTX opened at $24.32 on Tuesday. The business has a 50 day simple moving average of $26.70 and a two-hundred day simple moving average of $28.90. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 0.84 and a beta of 0.91. Gentex has a one year low of $24.07 and a one year high of $37.58.

Gentex (NASDAQ:GNTX) last announced its 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 return on equity of 16.74% and a net margin of 17.49%. During the same period in the prior year, the business posted $0.50 earnings per share. As a group, sell-side analysts expect that Gentex will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.97%. Gentex’s payout ratio is currently 27.27%.

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.