Gentex Co. (NASDAQ:GNTX) Receives $35.13 Average Target Price from Brokerages

Gentex Co. (NASDAQ:GNTX - Get Free Report) has been given a consensus rating of "Hold" by the eight analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $35.13.

Several equities analysts have commented on the stock. UBS Group assumed coverage on shares of Gentex in a research report on Wednesday, September 4th. They set a "neutral" rating and a $34.00 target price on the stock. The Goldman Sachs Group dropped their price target on Gentex from $33.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, October 1st. Bank of America reduced their price objective on Gentex from $39.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. Guggenheim decreased their target price on Gentex from $35.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, November 21st. Finally, Robert W. Baird boosted their price target on shares of Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, October 28th.

Hedge Funds Weigh In On Gentex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GNTX. Quest Partners LLC bought a new position in shares of Gentex in the second quarter worth $31,000. Gladius Capital Management LP bought a new position in Gentex in the 2nd quarter worth about $34,000. EverSource Wealth Advisors LLC grew its holdings in Gentex by 173.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company's stock valued at $42,000 after buying an additional 850 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Gentex by 227.8% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company's stock valued at $54,000 after buying an additional 1,269 shares during the period. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Gentex in the second quarter worth about $67,000. Institutional investors own 86.76% of the company's stock.

Gentex Trading Down 1.1 %

Shares of GNTX traded down $0.33 during trading hours on Thursday, reaching $30.58. 929,887 shares of the stock traded hands, compared to its average volume of 1,441,682. Gentex has a 52 week low of $28.30 and a 52 week high of $37.58. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.05 and a beta of 0.91. The stock has a fifty day simple moving average of $30.07 and a 200 day simple moving average of $31.26.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex's dividend payout ratio is currently 25.67%.

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.