Gentex Co. (NASDAQ:GNTX) Receives $31.81 Average PT from Brokerages

Gentex Co. (NASDAQ:GNTX - Get Free Report) has earned an average rating of "Hold" from the eight brokerages that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $31.81.

GNTX has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Robert W. Baird set a $31.00 price target on shares of Gentex in a research report on Monday, February 3rd. UBS Group reduced their price objective on shares of Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Guggenheim set a $30.00 target price on shares of Gentex in a research report on Wednesday, March 5th. Finally, B. Riley reaffirmed a "buy" rating and set a $32.50 price target (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd.

Institutional Investors Weigh In On Gentex

Several large investors have recently made changes to their positions in GNTX. Empowered Funds LLC increased its holdings in shares of Gentex by 42.7% during the third quarter. Empowered Funds LLC now owns 21,748 shares of the auto parts company's stock valued at $646,000 after purchasing an additional 6,505 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Gentex by 10.1% in the third quarter. Thrivent Financial for Lutherans now owns 392,445 shares of the auto parts company's stock valued at $11,651,000 after acquiring an additional 36,134 shares in the last quarter. Commerce Bank raised its holdings in Gentex by 20.7% during the third quarter. Commerce Bank now owns 16,468 shares of the auto parts company's stock worth $489,000 after purchasing an additional 2,827 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Gentex by 155.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,020 shares of the auto parts company's stock valued at $4,038,000 after purchasing an additional 82,701 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Gentex by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,554,823 shares of the auto parts company's stock valued at $46,163,000 after purchasing an additional 6,106 shares during the period. Institutional investors and hedge funds own 86.76% of the company's stock.

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Gentex Stock Performance

Shares of GNTX stock traded up $0.09 during trading hours on Friday, reaching $24.52. The company had a trading volume of 1,780,537 shares, compared to its average volume of 1,543,262. The company has a market capitalization of $5.57 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. Gentex has a twelve month low of $23.50 and a twelve month high of $36.46. The stock's fifty day simple moving average is $25.47 and its 200 day simple moving average is $28.20.

Gentex (NASDAQ:GNTX - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates 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 quarter last year, the business earned $0.50 EPS. As a group, equities analysts expect that Gentex will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Wednesday, April 9th. Gentex's dividend payout ratio (DPR) is 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.