Gentex Co. (NASDAQ:GNTX) Given Average Recommendation of "Hold" by Analysts

Shares of Gentex Co. (NASDAQ:GNTX - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight brokerages that are covering the firm, Marketbeat reports. Five 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 analysts that have covered the stock in the last year is $35.13.

Several equities research analysts have recently issued reports on GNTX shares. Robert W. Baird raised their target price on shares of Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Bank of America decreased their price target on Gentex from $39.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. The Goldman Sachs Group reduced their target price on Gentex from $33.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 1st. Finally, Guggenheim lowered their target price on shares of Gentex from $35.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, November 21st.

Gentex Stock Performance

GNTX stock traded down $0.04 during midday trading on Monday, reaching $28.00. 1,863,611 shares of the company traded hands, compared to its average volume of 1,583,004. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.08 and a beta of 0.91. The business has a 50 day moving average of $30.02 and a 200-day moving average of $30.63. Gentex has a 52-week low of $27.83 and a 52-week high of $37.58.

Gentex Announces Dividend

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 issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.71%. Gentex's payout ratio is currently 25.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new stake in shares of Gentex in the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC lifted its holdings in Gentex by 173.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company's stock worth $42,000 after buying an additional 850 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company's stock valued at $54,000 after acquiring an additional 1,269 shares in the last quarter. HHM Wealth Advisors LLC purchased a new position in shares of Gentex in the 2nd quarter valued at $67,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Gentex in the 3rd quarter worth $125,000. 86.76% of the stock is currently owned by institutional investors.

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.