Gentex Co. (NASDAQ:GNTX) Given Consensus Rating of “Moderate Buy” by Analysts

Gentex Co. (NASDAQ:GNTX) has received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $37.83.

A number of research firms have issued reports on GNTX. StockNews.com raised shares of Gentex from a “hold” rating to a “buy” rating in a report on Tuesday. Guggenheim upped their price objective on shares of Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. The Goldman Sachs Group lifted their target price on shares of Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. B. Riley upped their target price on Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. lifted their price target on Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th.

Insider Activity

In related news, CFO Kevin C. Nash sold 13,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total value of $446,040.00. Following the sale, the chief financial officer now directly owns 44,321 shares in the company, valued at approximately $1,464,365.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Neo Ivy Capital Management bought a new position in shares of Gentex in the fourth quarter worth $29,000. National Bank of Canada FI grew its holdings in Gentex by 159.1% during the 4th quarter. National Bank of Canada FI now owns 930 shares of the auto parts company’s stock valued at $30,000 after buying an additional 571 shares in the last quarter. VisionPoint Advisory Group LLC increased its position in shares of Gentex by 123.6% during the third quarter. VisionPoint Advisory Group LLC now owns 1,203 shares of the auto parts company’s stock valued at $39,000 after buying an additional 665 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Gentex in the fourth quarter worth about $46,000. Finally, Global Retirement Partners LLC boosted its position in shares of Gentex by 371.3% in the fourth quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company’s stock valued at $89,000 after acquiring an additional 2,157 shares during the period. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Price Performance

Shares of NASDAQ GNTX opened at $34.66 on Wednesday. Gentex has a 1 year low of $25.86 and a 1 year high of $37.58. The stock has a market capitalization of $8.02 billion, a P/E ratio of 18.34, a P/E/G ratio of 0.75 and a beta of 0.98. The company has a 50-day moving average price of $35.49 and a 200-day moving average price of $33.27.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, April 26th. The auto parts company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $590.23 million for the quarter, compared to the consensus estimate of $600.38 million. Gentex had a return on equity of 19.19% and a net margin of 18.77%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. As a group, equities research analysts anticipate that Gentex will post 2.11 earnings per share for the current fiscal year.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, April 5th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, April 4th. Gentex’s dividend payout ratio is currently 25.40%.

About Gentex

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.