Gentex Co. (GNTX) Declares Quarterly Dividend of $0.16
Gentex (NASDAQ:GNTX) declared a quarterly dividend on Friday, August 29th, AnalystRatings.NET reports. Shareholders of record on Tuesday, October 7th will be given a dividend of 0.16 per share on Friday, October 17th. This represents a $0.64 dividend on an annualized basis and a yield of 2.17%.
On a related note, analysts at Wellington Shields raised their price target on shares of Gentex from $40.00 to $43.00 in a research note on Friday, July 25th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $36.71.
Gentex (NASDAQ:GNTX) traded down 0.71% during mid-day trading on Friday, hitting $29.34. 24,475 shares of the company’s stock traded hands. Gentex has a 52 week low of $22.44 and a 52 week high of $34.41. The stock has a 50-day moving average of $29.11 and a 200-day moving average of $29.73. The company has a market cap of $4.290 billion and a price-to-earnings ratio of 15.89. Gentex also was the target of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 3,254,435 shares, a growth of 33.1% from the July 31st total of 2,444,440 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily volume of 731,106 shares, the short-interest ratio is currently 4.5 days.
In other Gentex news, Director John A. Mulder sold 4,256 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $29.57, for a total value of $125,849.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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