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

Gentex Co. (NASDAQ:GNTX - Get Free Report) has received a consensus rating of "Hold" from the eight analysts that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $35.13.

A number of brokerages have recently issued reports on GNTX. Bank of America lowered their price target on shares of Gentex from $39.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, October 14th. Robert W. Baird boosted their price target on shares of Gentex from $35.00 to $37.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Finally, Guggenheim decreased their price target on shares of Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, November 21st.

Gentex Stock Performance

GNTX stock traded down $2.30 during midday trading on Friday, reaching $25.92. 5,024,365 shares of the company's stock traded hands, compared to its average volume of 1,773,118. Gentex has a 52 week low of $25.10 and a 52 week high of $37.58. The company has a 50-day moving average price of $29.03 and a two-hundred day moving average price of $29.88. The firm has a market capitalization of $5.89 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.92 and a beta of 0.91.

Gentex (NASDAQ:GNTX - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.10). Gentex had a net margin of 18.37% and a return on equity of 18.25%. During the same period in the prior year, the business earned $0.50 EPS. As a group, analysts predict that Gentex will post 1.86 EPS for the current fiscal year.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.85%. The ex-dividend date was Wednesday, January 8th. Gentex's dividend payout ratio (DPR) is currently 25.67%.

Hedge Funds Weigh In On Gentex

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lindenwold Advisors INC lifted its position in Gentex by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company's stock worth $372,000 after buying an additional 347 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Gentex by 5.8% during the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company's stock worth $221,000 after acquiring an additional 408 shares in the last quarter. 180 Wealth Advisors LLC lifted its holdings in shares of Gentex by 0.7% in the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company's stock worth $1,891,000 after acquiring an additional 437 shares during the last quarter. Intellectus Partners LLC boosted its stake in shares of Gentex by 6.1% in the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company's stock valued at $251,000 after purchasing an additional 484 shares in the last quarter. Finally, JLB & Associates Inc. grew its holdings in shares of Gentex by 2.1% during the 3rd quarter. JLB & Associates Inc. now owns 24,031 shares of the auto parts company's stock valued at $713,000 after purchasing an additional 490 shares during the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

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.