Gentex Co. (NASDAQ:GNTX - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $24.10 and last traded at $24.50, with a volume of 2010556 shares changing hands. The stock had previously closed at $24.37.
Wall Street Analyst Weigh In
Several brokerages have weighed in on GNTX. B. Riley reaffirmed a "buy" rating and issued a $32.50 target price (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on shares of Gentex in a research report on Monday, February 3rd. Guggenheim dropped their price target on shares of Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, November 21st. JPMorgan Chase & Co. cut their price target on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Finally, UBS Group lowered their target price on Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $32.31.
Check Out Our Latest Report on Gentex
Gentex Stock Performance
The firm has a 50-day moving average price of $26.80 and a 200-day moving average price of $28.92. The company has a market capitalization 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 (NASDAQ:GNTX - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 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 prior year, the firm earned $0.50 earnings per share. Equities research analysts predict that Gentex Co. will post 2.04 EPS for the current fiscal year.
Gentex Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders 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 yield of 1.97%. Gentex's dividend payout ratio (DPR) is 27.27%.
Institutional Investors Weigh In On Gentex
Large investors have recently modified their holdings of the stock. Midwest Capital Advisors LLC purchased a new stake in shares of Gentex during the fourth quarter valued at $26,000. TD Private Client Wealth LLC boosted its holdings in shares of 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 worth $33,000 after buying an additional 662 shares during the period. Synergy Asset Management LLC acquired a new position in shares of Gentex in the fourth quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Gentex by 32.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock valued at $70,000 after acquiring an additional 593 shares during the period. Finally, LRI Investments LLC lifted its position 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 valued at $79,000 after acquiring an additional 686 shares in the last quarter. 86.76% of the stock is owned by 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
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