Gentex Co. (NASDAQ:GNTX - Get Free Report) announced a quarterly dividend on Tuesday, November 26th,RTT News reports. Investors of record on Wednesday, January 8th will be given a dividend of 0.12 per share by the auto parts company on Wednesday, January 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 1.55%.
Gentex has increased its dividend payment by an average of 0.4% per year over the last three years. Gentex has a dividend payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Gentex to earn $2.12 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 22.6%.
Gentex Stock Performance
GNTX stock traded down $0.20 during midday trading on Tuesday, hitting $30.88. 1,371,436 shares of the company's stock were exchanged, compared to its average volume of 1,453,356. Gentex has a one year low of $28.30 and a one year high of $37.58. The stock's fifty day moving average price is $29.96 and its 200-day moving average price is $31.58. The company has a market cap of $7.02 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.07 and a beta of 0.91.
Analyst Ratings Changes
Several research firms have issued reports on GNTX. Robert W. Baird upped their price target on shares of Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. BNP Paribas cut Gentex from an "outperform" rating to a "neutral" rating and set a $34.00 price target for the company. in a report on Tuesday, July 30th. Guggenheim lowered their price target on Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, November 21st. Bank of America dropped their price objective on Gentex from $39.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, October 14th. Finally, B. Riley reduced their target price on Gentex from $44.00 to $41.00 and set a "buy" rating for the company in a research note on Monday, July 29th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $35.13.
Check Out Our Latest Analysis on GNTX
About Gentex
(
Get Free Report)
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.
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