Gentex SVP Sells $100,674 in Stock (GNTX)
Gentex (NASDAQ:GNTX) SVP Bruce A. Los sold 3,400 shares of the stock on the open market in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.61, for a total value of $100,674.00. Following the sale, the senior vice president now directly owns 15,194 shares of the company’s stock, valued at approximately $449,894. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Gentex (NASDAQ:GNTX) traded down 0.91% during mid-day trading on Monday, hitting $29.34. 651,923 shares of the company’s stock traded hands. Gentex has a 52 week low of $21.29 and a 52 week high of $34.41. The stock’s 50-day moving average is $29.2 and its 200-day moving average is $30.79. The company has a market cap of $4.281 billion and a P/E ratio of 17.42.
Gentex (NASDAQ:GNTX) last announced its earnings results on Wednesday, April 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. The company had revenue of $335.70 million for the quarter, compared to the consensus estimate of $324.20 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, analysts predict that Gentex will post $1.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 18th. Stockholders of record on Tuesday, July 8th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, July 3rd. This is a boost from Gentex’s previous quarterly dividend of $0.14.
A number of analysts have recently weighed in on GNTX shares. Analysts at FBR Capital Markets initiated coverage on shares of Gentex in a research note on Friday, May 2nd. They set an “outperform” rating and a $39.00 price target on the stock. Separately, analysts at Pacific Crest initiated coverage on shares of Gentex in a research note on Tuesday, April 29th. They set a “sector perform” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Gentex from $42.00 to $45.00 in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $35.71.
Gentex Corporation is a supplier of automatic-dimming (NASDAQ:GNTX) rear-view mirrors and camera-based lighting-assist features to the global automotive industry.
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