Gentex Co. (NASDAQ:GNTX - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $22.83 and last traded at $22.91, with a volume of 135899 shares. The stock had previously closed at $23.52.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 target price on shares of Gentex in a research note on Monday, February 3rd. UBS Group decreased their target price on Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Guggenheim set a $30.00 price target on shares of Gentex in a research note on Wednesday, March 5th. Finally, B. Riley reaffirmed a "buy" rating and issued a $32.50 price objective (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.81.
Get Our Latest Stock Analysis on Gentex
Gentex Stock Down 3.4 %
The stock has a market capitalization of $4.86 billion, a P/E ratio of 12.15, a P/E/G ratio of 0.84 and a beta of 0.84. The stock has a 50 day simple moving average of $24.70 and a two-hundred day simple moving average of $27.83.
Gentex (NASDAQ:GNTX - Get Free Report) last announced its quarterly earnings results 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 last year, the firm posted $0.50 earnings per share. Sell-side analysts predict that Gentex Co. will post 2.04 earnings per share 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 paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 2.25%. Gentex's dividend payout ratio is currently 27.27%.
Hedge Funds Weigh In On Gentex
Several institutional investors and hedge funds have recently modified their holdings of GNTX. Coldstream Capital Management Inc. grew its stake in Gentex by 5.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company's stock valued at $221,000 after buying an additional 408 shares during the last quarter. 180 Wealth Advisors LLC grew its position in shares of Gentex by 0.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company's stock valued at $1,891,000 after purchasing an additional 437 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Gentex by 6.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company's stock worth $214,000 after purchasing an additional 457 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted 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 valued at $70,000 after purchasing an additional 593 shares during the period. Finally, ProShare Advisors LLC grew its holdings in Gentex by 6.0% in the 4th quarter. ProShare Advisors LLC now owns 10,641 shares of the auto parts company's stock valued at $306,000 after buying an additional 605 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.
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.
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