Gentex Co. (NASDAQ:GNTX) Stake Boosted by BCGM Wealth Management LLC

BCGM Wealth Management LLC raised its position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 64.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,743 shares of the auto parts company's stock after acquiring an additional 22,180 shares during the period. BCGM Wealth Management LLC's holdings in Gentex were worth $1,630,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. South Dakota Investment Council grew its position in Gentex by 2.3% during the fourth quarter. South Dakota Investment Council now owns 124,056 shares of the auto parts company's stock valued at $3,564,000 after acquiring an additional 2,819 shares during the period. Eubel Brady & Suttman Asset Management Inc. lifted its stake in shares of Gentex by 0.7% during the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 559,239 shares of the auto parts company's stock worth $16,067,000 after purchasing an additional 3,887 shares in the last quarter. Rice Hall James & Associates LLC lifted its stake in shares of Gentex by 59.4% during the fourth quarter. Rice Hall James & Associates LLC now owns 454,883 shares of the auto parts company's stock worth $13,069,000 after purchasing an additional 169,586 shares in the last quarter. Cardinal Capital Management lifted its stake in shares of Gentex by 3.8% during the fourth quarter. Cardinal Capital Management now owns 65,730 shares of the auto parts company's stock worth $1,888,000 after purchasing an additional 2,432 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of Gentex by 6.0% during the fourth quarter. Sanctuary Advisors LLC now owns 12,994 shares of the auto parts company's stock worth $367,000 after purchasing an additional 731 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Guggenheim reduced their price objective on Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, November 21st. JPMorgan Chase & Co. reduced their price objective on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on Gentex in a research note on Monday, February 3rd. B. Riley reiterated a "buy" rating and issued a $32.50 price target (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Finally, UBS Group cut their price target on Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $32.31.

Gentex Trading Down 0.8 %

NASDAQ GNTX traded down $0.20 on Thursday, hitting $24.32. 1,658,636 shares of the stock traded hands, compared to its average volume of 1,916,864. The stock has a 50-day moving average of $26.90 and a 200 day moving average of $28.96. Gentex Co. has a twelve month low of $24.10 and a twelve month high of $37.58. The company has a market capitalization of $5.53 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 0.84 and a beta of 0.91.

Gentex (NASDAQ:GNTX - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a net margin of 17.49% and a return on equity of 16.74%. During the same period last year, the firm posted $0.50 EPS. As a group, equities research analysts expect that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.97%. Gentex's dividend payout ratio (DPR) is presently 27.27%.

About Gentex

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.