Gentex (NASDAQ:GNTX) Reaches New 1-Year Low - What's Next?

Gentex Co. (NASDAQ:GNTX - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $24.55 and last traded at $24.86, with a volume of 33031 shares. The stock had previously closed at $24.81.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GNTX shares. B. Riley reiterated a "buy" rating and set a $32.50 price target (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Guggenheim lowered their price target 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 lowered 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. JPMorgan Chase & Co. lowered 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 boosted their target price on shares of Gentex from $35.00 to $37.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Gentex has a consensus rating of "Hold" and an average price target of $33.06.

Gentex Stock Up 0.3 %

The firm's 50 day simple moving average is $27.94 and its 200-day simple moving average is $29.29. The company has a market capitalization of $5.56 billion, a PE ratio of 13.86, a P/E/G ratio of 0.86 and a beta of 0.91.

Gentex (NASDAQ:GNTX - Get Free Report) last released its quarterly earnings data 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 company earned $0.50 EPS. As a group, sell-side analysts anticipate that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, January 8th. This represents a $0.48 annualized dividend and a yield of 1.96%. Gentex's dividend payout ratio is currently 27.27%.

Institutional Investors Weigh In On Gentex

Institutional investors have recently bought and sold shares of the business. Midwest Capital Advisors LLC acquired a new position in shares of Gentex during the fourth quarter worth $26,000. TD Private Client Wealth LLC lifted its position in shares of Gentex by 138.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company's stock worth $33,000 after purchasing an additional 662 shares in the last quarter. Synergy Asset Management LLC acquired a new position in shares of Gentex during the fourth quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its position 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 worth $70,000 after purchasing an additional 593 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Gentex during the fourth quarter worth $96,000. 86.76% of the stock is currently owned by hedge funds and other 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.