Gentex Co. (NASDAQ:GNTX - Get Free Report)'s share price hit a new 52-week low on Wednesday . The stock traded as low as $24.27 and last traded at $24.28, with a volume of 765983 shares trading hands. The stock had previously closed at $24.77.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on GNTX. Robert W. Baird set a $31.00 target price on Gentex in a research report on Monday, February 3rd. B. Riley restated a "buy" rating and issued a $32.50 target price (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Guggenheim lowered their price target on Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, November 21st. Finally, UBS Group lowered their price target on Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $32.31.
Read Our Latest Research Report on GNTX
Gentex Stock Performance
The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 13.85, a P/E/G ratio of 0.84 and a beta of 0.91. The business has a 50 day simple moving average of $27.21 and a 200-day simple moving average of $29.05.
Gentex (NASDAQ:GNTX - Get Free Report) last issued its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 last year, the company earned $0.50 earnings per share. Equities analysts predict that Gentex Co. will post 2.04 earnings per share for the current fiscal year.
Gentex Dividend Announcement
The firm also recently announced 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 of this dividend was Wednesday, January 8th. This represents a $0.48 annualized dividend and a yield of 1.97%. Gentex's dividend payout ratio (DPR) is 27.27%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Lindenwold Advisors INC increased its position in shares of Gentex by 2.8% during the third quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company's stock worth $372,000 after acquiring an additional 347 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of Gentex by 5.8% during the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company's stock worth $221,000 after buying an additional 408 shares during the period. 180 Wealth Advisors LLC raised its holdings in 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 acquiring an additional 437 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Gentex by 6.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company's stock worth $214,000 after acquiring an additional 457 shares during the last quarter. Finally, Intellectus Partners LLC raised its holdings in shares of Gentex by 6.1% in the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company's stock valued at $251,000 after purchasing an additional 484 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.
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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