Hennion & Walsh Asset Management Inc. lifted its position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 16.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 67,796 shares of the auto parts company's stock after purchasing an additional 9,354 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Gentex were worth $1,948,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Gentex by 20.1% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,936 shares of the auto parts company's stock worth $257,000 after buying an additional 1,493 shares during the period. Oak Thistle LLC acquired a new stake in shares of Gentex in the fourth quarter valued at about $988,000. 180 Wealth Advisors LLC raised its holdings in shares of Gentex by 0.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company's stock valued at $1,891,000 after buying an additional 437 shares during the period. Finally, Reinhart Partners LLC. lifted its position in Gentex by 1.9% during the 4th quarter. Reinhart Partners LLC. now owns 1,124,403 shares of the auto parts company's stock worth $32,304,000 after acquiring an additional 20,624 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.
Gentex Stock Performance
Shares of Gentex stock traded up $0.47 during trading on Friday, reaching $27.97. The company had a trading volume of 1,410,717 shares, compared to its average volume of 1,286,627. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 0.83 and a beta of 0.91. Gentex Co. has a fifty-two week low of $26.58 and a fifty-two week high of $37.58. The firm's fifty day moving average is $29.37 and its 200-day moving average is $30.21.
Gentex Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex's dividend payout ratio is presently 25.67%.
Wall Street Analyst Weigh In
GNTX has been the subject of several recent research reports. Robert W. Baird increased their price objective on shares of Gentex from $35.00 to $37.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. The Goldman Sachs Group lowered their price target on shares of Gentex from $33.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, October 1st. Guggenheim cut their price objective on shares of Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, November 21st. Finally, Bank of America lowered their target price on Gentex from $39.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $35.13.
View Our Latest Stock Report on GNTX
Gentex Company Profile
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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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