Gentex (NASDAQ:GNTX) Hits New 52-Week Low - Should You Sell?

Gentex Co. (NASDAQ:GNTX - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $23.50 and last traded at $23.91, with a volume of 72023 shares. The stock had previously closed at $23.79.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Robert W. Baird set a $31.00 price target on shares of Gentex in a research report on Monday, February 3rd. Guggenheim set a $30.00 price objective on Gentex in a research report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price objective 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. B. Riley reiterated a "buy" rating and issued a $32.50 price target (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Finally, UBS Group lowered their price target 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. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $31.81.

Gentex Price Performance

The company has a fifty day moving average price of $25.53 and a 200 day moving average price of $28.24. The stock has a market cap of $5.52 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.84 and a beta of 0.90.

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 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 company posted $0.50 EPS. As a group, sell-side analysts expect that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

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Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 1.98%. Gentex's dividend payout ratio (DPR) is currently 27.27%.

Institutional Trading of Gentex

Several institutional investors and hedge funds have recently modified their holdings of the stock. Midwest Capital Advisors LLC bought a new stake in Gentex during the fourth quarter worth $26,000. TD Private Client Wealth LLC boosted its holdings in Gentex by 138.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company's stock worth $33,000 after acquiring an additional 662 shares during the last quarter. Synergy Asset Management LLC purchased 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 purchasing an additional 593 shares during the last quarter. Finally, LRI Investments LLC lifted its position in shares of Gentex by 33.2% during the fourth quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company's stock valued at $79,000 after purchasing an additional 686 shares in the last quarter. 86.76% of the stock is 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.