Gentex Co. (GNTX) Receives Average Rating of “Buy” from Analysts

Gentex Co. (NASDAQ:GNTX) has been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $22.69.

GNTX has been the subject of several recent research reports. KeyCorp reissued a “buy” rating and set a $25.00 price objective on shares of Gentex in a report on Sunday, October 15th. Zacks Investment Research raised Gentex from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, October 17th. FBR & Co reissued a “buy” rating and set a $25.00 price objective on shares of Gentex in a report on Wednesday, October 18th. Robert W. Baird dropped their price objective on Gentex from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, October 23rd. Finally, B. Riley reissued a “buy” rating on shares of Gentex in a report on Wednesday, November 1st.

Shares of Gentex (NASDAQ GNTX) opened at $22.78 on Tuesday. The firm has a market capitalization of $6,470.00, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.65 and a beta of 1.22. Gentex has a twelve month low of $16.59 and a twelve month high of $23.14.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Friday, January 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.76%. Gentex’s payout ratio is currently 31.75%.

Institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Gentex during the 3rd quarter worth about $105,000. Ffcm LLC acquired a new position in shares of Gentex during the 3rd quarter worth about $174,000. Verition Fund Management LLC acquired a new position in shares of Gentex during the 2nd quarter worth about $195,000. Hikari Power Ltd acquired a new position in shares of Gentex during the 4th quarter worth about $203,000. Finally, Columbia Asset Management acquired a new position in shares of Gentex during the 3rd quarter worth about $208,000. Institutional investors own 81.65% of the company’s stock.

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Gentex Company Profile

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.

Analyst Recommendations for Gentex (NASDAQ:GNTX)

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