Gentex Co. (NASDAQ:GNTX) Given Consensus Recommendation of "Hold" by Brokerages

Gentex Co. (NASDAQ:GNTX - Get Free Report) has been given a consensus rating of "Hold" by the eight research firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $32.31.

A number of research analysts recently weighed in on GNTX shares. Robert W. Baird set a $31.00 price objective on Gentex in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Guggenheim lowered their target price on shares of Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, November 21st. B. Riley reissued a "buy" rating and set a $32.50 price target (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Finally, UBS Group dropped their price objective on Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd.

Hedge Funds Weigh In On Gentex

A number of large investors have recently bought and sold shares of GNTX. Creative Planning raised its holdings in shares of Gentex by 27.7% in the 3rd quarter. Creative Planning now owns 77,519 shares of the auto parts company's stock worth $2,302,000 after purchasing an additional 16,834 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Gentex by 24.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 76,016 shares of the auto parts company's stock valued at $2,257,000 after acquiring an additional 15,145 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Gentex by 1.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 104,287 shares of the auto parts company's stock valued at $3,096,000 after acquiring an additional 1,440 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in Gentex by 2.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 72,585 shares of the auto parts company's stock worth $2,371,000 after purchasing an additional 1,525 shares during the period. Finally, S.A. Mason LLC increased its holdings in Gentex by 3.2% in the 3rd quarter. S.A. Mason LLC now owns 26,037 shares of the auto parts company's stock valued at $773,000 after purchasing an additional 801 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company's stock.

Gentex Stock Performance

GNTX stock remained flat at $24.32 during trading on Tuesday. The company had a trading volume of 2,522,123 shares, compared to its average volume of 1,932,383. The company has a fifty day simple moving average of $26.80 and a 200-day simple moving average of $28.92. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 0.84 and a beta of 0.91. Gentex has a 1 year low of $24.07 and a 1 year high of $37.58.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a return on equity of 16.74% and a net margin of 17.49%. During the same quarter in the previous year, the firm earned $0.50 EPS. As a group, research analysts forecast that Gentex will post 2.04 EPS for the current year.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.97%. Gentex's dividend payout ratio 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.