Gentex Co. (NASDAQ:GNTX) Receives Consensus Recommendation of "Hold" from Analysts

Gentex Co. (NASDAQ:GNTX - Get Free Report) has been assigned an average rating of "Hold" from the nine brokerages that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $29.06.

GNTX has been the topic of a number of research analyst reports. B. Riley restated a "buy" rating and set a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Robert W. Baird reaffirmed a "neutral" rating and set a $25.00 price objective (down from $31.00) on shares of Gentex in a research report on Tuesday. JPMorgan Chase & Co. decreased their price target on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Baird R W lowered Gentex from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Finally, UBS Group decreased their target price on Gentex from $29.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th.

Hedge Funds Weigh In On Gentex

A number of large investors have recently made changes to their positions in the company. Orion Portfolio Solutions LLC raised its stake in shares of Gentex by 7.3% during the third quarter. Orion Portfolio Solutions LLC now owns 11,556 shares of the auto parts company's stock valued at $343,000 after acquiring an additional 785 shares in the last quarter. Barclays PLC increased its holdings in Gentex by 54.4% in the 3rd quarter. Barclays PLC now owns 107,930 shares of the auto parts company's stock worth $3,205,000 after buying an additional 38,027 shares during the period. Coldstream Capital Management Inc. raised its position in Gentex by 5.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company's stock worth $221,000 after buying an additional 408 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Gentex by 1.6% in the 3rd quarter. Toronto Dominion Bank now owns 40,721 shares of the auto parts company's stock valued at $1,209,000 after acquiring an additional 650 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Gentex in the third quarter worth $326,000. 86.76% of the stock is owned by hedge funds and other institutional investors.

Gentex Stock Performance

Shares of GNTX traded up $0.49 on Wednesday, reaching $21.56. The stock had a trading volume of 2,276,125 shares, compared to its average volume of 1,695,370. The company has a 50-day simple moving average of $23.52 and a 200-day simple moving average of $27.14. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84. Gentex has a 12-month low of $20.28 and a 12-month high of $35.33.

Gentex (NASDAQ:GNTX - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share 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 in the prior year, the company earned $0.50 EPS. On average, analysts expect that Gentex will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 2.23%. Gentex's dividend payout ratio (DPR) is presently 27.27%.

Gentex Company Profile

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.