Gentex Co. (NASDAQ:GNTX) declared a quarterly dividend on Monday, March 12th, Wall Street Journal reports. Shareholders of record on Friday, April 6th will be given a dividend of 0.11 per share by the auto parts company on Wednesday, April 18th. This represents a $0.44 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, April 5th. This is an increase from Gentex’s previous quarterly dividend of $0.10.
Gentex (NASDAQ:GNTX) traded up $0.11 during trading hours on Monday, hitting $23.36. 3,341,200 shares of the company’s stock traded hands, compared to its average volume of 2,667,690. Gentex has a 12-month low of $16.59 and a 12-month high of $24.07. The firm has a market capitalization of $6,380.29, a P/E ratio of 16.49, a P/E/G ratio of 1.49 and a beta of 1.31.
Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, January 26th. The auto parts company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Gentex had a net margin of 22.66% and a return on equity of 18.35%. The firm had revenue of $459.57 million for the quarter, compared to the consensus estimate of $449.43 million. During the same period in the previous year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. analysts anticipate that Gentex will post 1.62 earnings per share for the current year.
In related news, Director James H. Wallace sold 12,000 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $23.40, for a total transaction of $280,800.00. Following the completion of the sale, the director now owns 48,304 shares of the company’s stock, valued at $1,130,313.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Scott P. Ryan sold 7,220 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $23.66, for a total transaction of $170,825.20. Following the sale, the general counsel now directly owns 21,329 shares of the company’s stock, valued at approximately $504,644.14. The disclosure for this sale can be found here. Insiders have sold 28,154 shares of company stock valued at $659,737 in the last ninety days. 2.50% of the stock is currently owned by company insiders.
Several equities analysts have commented on GNTX shares. ValuEngine upgraded shares of Gentex from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Robert W. Baird reissued a “hold” rating and issued a $23.00 target price on shares of Gentex in a research report on Friday, January 26th. Zacks Investment Research cut shares of Gentex from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. BidaskClub raised shares of Gentex from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Finally, B. Riley boosted their target price on shares of Gentex from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Gentex currently has a consensus rating of “Buy” and a consensus price target of $25.50.
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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.
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