Gentex Co. (NASDAQ:GNTX) Receives $35.65 Average Target Price from Analysts

Shares of Gentex Co. (NASDAQ:GNTX) have earned an average rating of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $35.65.

Several research analysts have commented on GNTX shares. The Goldman Sachs Group cut their price target on shares of Gentex from $32.00 to $30.00 and set a “sell” rating for the company in a report on Sunday, September 26th. Zacks Investment Research upgraded shares of Gentex from a “sell” rating to a “hold” rating and set a $38.00 target price on the stock in a research report on Wednesday, January 5th.

Shares of NASDAQ:GNTX opened at $35.63 on Wednesday. The firm has a fifty day moving average price of $35.39 and a two-hundred day moving average price of $33.96. Gentex has a one year low of $30.40 and a one year high of $37.90. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 1.34 and a beta of 0.95.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Thursday, October 21st. The auto parts company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.04). Gentex had a net margin of 22.81% and a return on equity of 21.73%. The firm had revenue of $399.60 million during the quarter, compared to the consensus estimate of $422.07 million. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was down 15.8% on a year-over-year basis. As a group, sell-side analysts forecast that Gentex will post 1.47 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 19th. Stockholders of record on Friday, January 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, January 6th. Gentex’s payout ratio is 27.91%.

In related news, General Counsel Scott P. Ryan sold 9,224 shares of the business’s stock in a transaction dated Monday, October 25th. The shares were sold at an average price of $34.27, for a total transaction of $316,106.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary F. Goode sold 7,800 shares of the business’s stock in a transaction dated Thursday, October 28th. The stock was sold at an average price of $35.71, for a total transaction of $278,538.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,224 shares of company stock worth $1,069,470 in the last ninety days. Insiders own 0.38% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Maj Invest Holding A S boosted its stake in Gentex by 0.8% during the third quarter. Maj Invest Holding A S now owns 7,594,279 shares of the auto parts company’s stock worth $250,461,000 after acquiring an additional 57,087 shares in the last quarter. State Street Corp raised its holdings in Gentex by 5.0% in the second quarter. State Street Corp now owns 6,433,099 shares of the auto parts company’s stock worth $212,871,000 after buying an additional 304,251 shares during the last quarter. Boston Partners raised its holdings in Gentex by 2.5% in the third quarter. Boston Partners now owns 5,159,941 shares of the auto parts company’s stock worth $170,199,000 after buying an additional 126,233 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in Gentex by 2.9% in the second quarter. Disciplined Growth Investors Inc. MN now owns 4,896,417 shares of the auto parts company’s stock worth $162,022,000 after buying an additional 137,538 shares during the last quarter. Finally, Cooke & Bieler LP raised its holdings in Gentex by 26.0% in the third quarter. Cooke & Bieler LP now owns 3,843,337 shares of the auto parts company’s stock worth $126,753,000 after buying an additional 792,293 shares during the last quarter. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Gentex Company Profile

Gentex Corp. is a technology company, which engages in the design, development, and manufacture and supply of digital vision, connected car, dimmable glass, and fire protection products. The firm operates through Automotive Products and Other segments. The Automotive Products segment operates in virtually all of the foregoing facilities.

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