B. Riley Reiterates Buy Rating for Gentex (NASDAQ:GNTX)

B. Riley reaffirmed their buy rating on shares of Gentex (NASDAQ:GNTX - Free Report) in a research note released on Monday,Benzinga reports. B. Riley currently has a $32.50 price objective on the auto parts company's stock, down from their previous price objective of $37.00. B. Riley also issued estimates for Gentex's Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.45 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.89 EPS and FY2026 earnings at $2.04 EPS.

Other analysts have also issued research reports about the stock. Bank of America cut their target price on shares of Gentex from $39.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, October 14th. Guggenheim cut 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. Robert W. Baird raised their target price 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, JPMorgan Chase & Co. cut their target price on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Gentex has an average rating of "Hold" and a consensus target price of $33.06.

Gentex Stock Performance

Shares of NASDAQ GNTX traded down $0.26 during trading hours on Monday, hitting $25.04. 2,196,071 shares of the stock were exchanged, compared to its average volume of 1,953,653. The company has a market cap of $5.69 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91. The company's fifty day simple moving average is $28.61 and its two-hundred day simple moving average is $29.60. Gentex has a 1-year low of $24.57 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 last year, the business posted $0.50 EPS. As a group, sell-side analysts expect that Gentex will post 2.1 EPS for the current fiscal year.

Gentex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Wednesday, January 8th. Gentex's payout ratio is currently 27.27%.

Hedge Funds Weigh In On Gentex

Large investors have recently modified their holdings of the business. Midwest Capital Advisors LLC bought a new position in shares of Gentex during the fourth quarter valued at $26,000. Synergy Asset Management LLC bought a new position in shares of Gentex during the fourth quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Gentex by 227.8% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company's stock worth $54,000 after buying an additional 1,269 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Gentex during the third quarter worth $125,000. Finally, GAMMA Investing LLC raised its stake in Gentex by 159.1% during the fourth quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company's stock worth $147,000 after buying an additional 3,152 shares during the last quarter. Institutional investors own 86.76% of the company's stock.

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.