Seaport Res Ptn Predicts Gentex FY2024 Earnings

Gentex Co. (NASDAQ:GNTX - Free Report) - Equities researchers at Seaport Res Ptn issued their FY2024 EPS estimates for shares of Gentex in a note issued to investors on Monday, October 28th. Seaport Res Ptn analyst G. Chin forecasts that the auto parts company will post earnings of $1.85 per share for the year. The consensus estimate for Gentex's current full-year earnings is $1.94 per share. Seaport Res Ptn also issued estimates for Gentex's Q4 2024 earnings at $0.48 EPS and FY2025 earnings at $2.04 EPS.

A number of other research firms have also weighed in on GNTX. JPMorgan Chase & Co. reduced their target price on shares of Gentex from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, July 22nd. BNP Paribas lowered shares of Gentex from an "outperform" rating to a "neutral" rating and set a $34.00 target price on the stock. in a report on Tuesday, July 30th. Robert W. Baird boosted their target price on shares of Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday. StockNews.com lowered shares of Gentex from a "buy" rating to a "hold" rating in a report on Thursday, July 4th. Finally, B. Riley reduced their target price on shares of Gentex from $44.00 to $41.00 and set a "buy" rating on the stock in a report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $36.00.

Gentex Stock Performance

Shares of Gentex stock traded down $0.80 during midday trading on Thursday, hitting $30.31. 1,498,607 shares of the company traded hands, compared to its average volume of 1,464,378. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.91 and a beta of 0.92. The firm's fifty day moving average price is $29.98 and its 200-day moving average price is $32.11. Gentex has a 12 month low of $28.25 and a 12 month high of $37.58.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were given a $0.12 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.58%. Gentex's dividend payout ratio (DPR) is currently 25.67%.

Insider Transactions at Gentex

In other news, major shareholder Corp Gentex purchased 3,152,500 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $5.00 per share, for a total transaction of $15,762,500.00. Following the transaction, the insider now owns 6,463,808 shares of the company's stock, valued at approximately $32,319,040. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new position in shares of Gentex during the 2nd quarter valued at $31,000. Gladius Capital Management LP acquired a new position in shares of Gentex during the 2nd quarter valued at $34,000. EverSource Wealth Advisors LLC lifted its position in shares of Gentex by 173.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company's stock valued at $42,000 after acquiring an additional 850 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company's stock valued at $54,000 after acquiring an additional 1,269 shares during the period. Finally, HHM Wealth Advisors LLC acquired a new position in Gentex during the second quarter worth $67,000. Institutional investors and hedge funds 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.