Gentex Corporation (NASDAQ:GNTX) Given Average Rating of “Hold” by Brokerages

Shares of Gentex Corporation (NASDAQ:GNTX) have earned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $26.7143.

GNTX has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gentex in a research report on Thursday, January 22nd. Robert W. Baird set a $26.00 target price on shares of Gentex in a research note on Wednesday, January 14th. UBS Group set a $25.00 price target on shares of Gentex in a research report on Monday, February 2nd. The Goldman Sachs Group set a $27.00 price objective on Gentex and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. lifted their target price on Gentex from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, October 20th.

Gentex Trading Down 1.6%

Shares of GNTX stock opened at $23.74 on Tuesday. The company’s 50-day moving average price is $23.72 and its 200-day moving average price is $25.31. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 13.64 and a beta of 0.78. Gentex has a twelve month low of $20.28 and a twelve month high of $29.38.

Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, January 30th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $644.40 million during the quarter, compared to analysts’ expectations of $650.90 million. Gentex had a net margin of 15.19% and a return on equity of 16.05%. Gentex’s revenue was up 19.0% compared to the same quarter last year. During the same period last year, the business earned $0.39 earnings per share. As a group, equities research analysts predict that Gentex will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, January 7th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, January 7th. Gentex’s dividend payout ratio (DPR) is presently 27.59%.

Institutional Trading of Gentex

Several hedge funds have recently added to or reduced their stakes in the company. Addison Advisors LLC purchased a new stake in shares of Gentex in the second quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Gentex during the third quarter worth $38,000. Employees Retirement System of Texas purchased a new position in Gentex in the 4th quarter valued at $56,000. Clearstead Advisors LLC increased its stake in Gentex by 82.3% in the 3rd quarter. Clearstead Advisors LLC now owns 2,042 shares of the auto parts company’s stock valued at $58,000 after buying an additional 922 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in Gentex by 2,420.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,067 shares of the auto parts company’s stock valued at $58,000 after buying an additional 1,985 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

About Gentex

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).