Gentex Corporation (NASDAQ:GNTX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Gentex Corporation (NASDAQ:GNTX) have been given an average rating of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $28.2857.

Several equities research analysts have issued reports on GNTX shares. JPMorgan Chase & Co. increased their price target on Gentex from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. The Goldman Sachs Group set a $27.00 price objective on Gentex and gave the company a “neutral” rating in a research report on Monday, October 27th. Robert W. Baird set a $29.00 price target on shares of Gentex in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gentex in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded Gentex from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th.

Gentex Stock Down 0.4%

Shares of NASDAQ GNTX opened at $23.57 on Monday. Gentex has a twelve month low of $20.28 and a twelve month high of $29.53. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 13.86 and a beta of 0.78. The company’s fifty day moving average is $23.72 and its 200-day moving average is $24.96.

Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, October 24th. The auto parts company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm had revenue of $570.32 million during the quarter, compared to the consensus estimate of $661.10 million. Gentex had a net margin of 15.61% and a return on equity of 15.86%. Gentex’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. On average, research analysts anticipate that Gentex will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Wednesday, January 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, January 7th. This represents a $0.48 dividend on an annualized basis and a yield of 2.0%. Gentex’s dividend payout ratio is 28.24%.

Institutional Trading of Gentex

A number of institutional investors have recently made changes to their positions in the business. Hudson Bay Capital Management LP bought a new stake in shares of Gentex in the third quarter worth $3,613,000. Swiss Life Asset Management Ltd acquired a new stake in Gentex in the 3rd quarter valued at $301,000. CIBC Private Wealth Group LLC lifted its position in Gentex by 2,420.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,067 shares of the auto parts company’s stock worth $58,000 after buying an additional 1,985 shares in the last quarter. Coldstream Capital Management Inc. acquired a new position in shares of Gentex during the 3rd quarter worth about $202,000. Finally, Danske Bank A S acquired a new position in shares of Gentex during the 3rd quarter worth about $11,149,000. Institutional investors own 86.76% of the company’s stock.

Gentex Company Profile

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).