Gentex (NASDAQ:GNTX) Hits New 1-Year Low - Time to Sell?

Shares of Gentex Co. (NASDAQ:GNTX - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $23.75 and last traded at $23.79, with a volume of 26464 shares changing hands. The stock had previously closed at $24.19.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Guggenheim cut their target price on shares of Gentex from $35.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, November 21st. UBS Group cut their target price on shares of Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. B. Riley reissued a "buy" rating and issued a $32.50 target price (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Finally, Robert W. Baird set a $31.00 target price on shares of Gentex in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $32.31.

Gentex Stock Up 1.2 %

The firm's 50 day simple moving average is $26.25 and its 200 day simple moving average is $28.73. The company has a market capitalization of $5.77 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90.

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Gentex (NASDAQ:GNTX - Get Free Report) last released its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share 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 period in the prior year, the company earned $0.50 EPS. As a group, sell-side analysts predict that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.89%. Gentex's dividend payout ratio (DPR) is 27.27%.

Institutional Trading of Gentex

Institutional investors and hedge funds have recently made changes to their positions in the business. Midwest Capital Advisors LLC bought a new stake in shares of Gentex during the fourth quarter worth $26,000. TD Private Client Wealth LLC raised 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 valued at $33,000 after acquiring an additional 662 shares in the last quarter. Synergy Asset Management LLC bought a new stake in shares of Gentex in the fourth quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Gentex by 32.5% in 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 in the last quarter. Finally, LRI Investments LLC raised its holdings in shares of Gentex by 33.2% in the fourth 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 currently owned by 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.