Shares of Gentex Co. (NASDAQ:GNTX - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $23.41 and last traded at $23.51, with a volume of 631780 shares traded. The stock had previously closed at $23.88.
Analysts Set New Price Targets
Several brokerages have recently issued reports on GNTX. Guggenheim set a $30.00 target price on Gentex in a research report on Wednesday, March 5th. B. Riley reaffirmed a "buy" rating and issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price target on shares of Gentex in a research note on Monday, February 3rd. UBS Group dropped their price objective on Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their target price on Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $31.81.
Read Our Latest Stock Report on Gentex
Gentex Trading Down 0.4 %
The firm has a market cap of $5.29 billion, a PE ratio of 13.24, a PEG ratio of 0.84 and a beta of 0.90. The business has a fifty day moving average of $25.11 and a 200-day moving average of $28.01.
Gentex (NASDAQ:GNTX - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 EPS 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 in the prior year, the business earned $0.50 earnings per share. On average, equities analysts forecast that Gentex Co. will post 2.04 EPS for the current year.
Gentex Announces Dividend
The firm also recently disclosed 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 is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.06%. Gentex's dividend payout ratio (DPR) is presently 27.27%.
Hedge Funds Weigh In On Gentex
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Midwest Capital Advisors LLC bought a new stake in shares of Gentex during the 4th quarter valued at about $26,000. TD Private Client Wealth LLC raised its stake in Gentex by 138.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company's stock valued at $33,000 after purchasing an additional 662 shares in the last quarter. Synergy Asset Management LLC bought a new stake in Gentex during the fourth quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Gentex by 32.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock worth $70,000 after buying an additional 593 shares in the last quarter. Finally, LRI Investments LLC increased its holdings in shares of Gentex by 33.2% in the 4th quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company's stock worth $79,000 after buying an additional 686 shares during the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.
Gentex Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Gentex, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gentex wasn't on the list.
While Gentex currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
