Gentex (NASDAQ:GNTX) Hits New 52-Week Low - Time to Sell?

Gentex Co. (NASDAQ:GNTX - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The company traded as low as $20.28 and last traded at $20.78, with a volume of 155717 shares. The stock had previously closed at $20.71.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GNTX shares. Guggenheim set a $30.00 target price on shares of Gentex in a research report on Wednesday, March 5th. UBS Group lowered their price objective on Gentex from $29.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday. Robert W. Baird set a $31.00 target price on Gentex in a report on Monday, February 3rd. B. Riley reaffirmed a "buy" rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group reduced their price objective on Gentex from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $29.81.

Gentex Trading Up 0.0 %

The company has a fifty day simple moving average of $23.89 and a 200-day simple moving average of $27.40. The company has a market capitalization of $4.79 billion, a PE ratio of 12.03, a PEG ratio of 0.84 and a beta of 0.84.

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 last year, the firm earned $0.50 EPS. On average, equities analysts predict 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 will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Wednesday, April 9th. Gentex's dividend payout ratio is presently 27.27%.

Institutional Investors Weigh In On Gentex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantinno Capital Management LP increased its position in shares of Gentex by 17.8% during the 3rd quarter. Quantinno Capital Management LP now owns 20,028 shares of the auto parts company's stock worth $595,000 after purchasing an additional 3,026 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Gentex by 7.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,556 shares of the auto parts company's stock valued at $343,000 after acquiring an additional 785 shares during the period. Barclays PLC boosted its position in shares of Gentex by 54.4% during the 3rd quarter. Barclays PLC now owns 107,930 shares of the auto parts company's stock worth $3,205,000 after purchasing an additional 38,027 shares during the period. Geode Capital Management LLC increased its holdings in Gentex by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company's stock valued at $159,406,000 after purchasing an additional 285,802 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its position in Gentex by 5.8% in the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company's stock valued at $221,000 after purchasing an additional 408 shares during the period. Hedge funds and other institutional investors own 86.76% of the company's stock.

Gentex Company Profile

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.