Gentex Co. (NASDAQ:GNTX) Given Consensus Recommendation of "Hold" by Analysts

Shares of Gentex Co. (NASDAQ:GNTX - Get Free Report) have received an average recommendation of "Hold" from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $36.13.

GNTX has been the topic of a number of analyst reports. UBS Group started coverage on Gentex in a research note on Wednesday, September 4th. They set a "neutral" rating and a $34.00 price objective on the stock. Robert W. Baird cut their price objective on shares of Gentex from $40.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, July 29th. B. Riley decreased their target price on shares of Gentex from $44.00 to $41.00 and set a "buy" rating on the stock in a research report on Monday, July 29th. BNP Paribas downgraded Gentex from an "outperform" rating to a "neutral" rating and set a $34.00 price target for the company. in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group decreased their price objective on Gentex from $33.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, October 1st.

Insider Buying and Selling at Gentex

In other news, major shareholder Corp Gentex acquired 3,152,500 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were bought at an average cost of $5.00 per share, for a total transaction of $15,762,500.00. Following the acquisition, the insider now directly owns 6,463,808 shares in the company, valued at $32,319,040. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gentex

Several large investors have recently made changes to their positions in GNTX. Boston Partners increased its holdings in Gentex by 4.2% in the 1st quarter. Boston Partners now owns 5,706,411 shares of the auto parts company's stock valued at $206,095,000 after purchasing an additional 230,873 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Gentex by 41.2% in the first quarter. TD Asset Management Inc now owns 4,677,655 shares of the auto parts company's stock valued at $168,957,000 after buying an additional 1,363,898 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in shares of Gentex by 3.0% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,343,880 shares of the auto parts company's stock valued at $146,432,000 after buying an additional 126,416 shares during the period. Disciplined Growth Investors Inc. MN lifted its position in Gentex by 1.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,259,831 shares of the auto parts company's stock worth $143,599,000 after acquiring an additional 43,457 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Gentex by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,989,248 shares of the auto parts company's stock worth $134,475,000 after acquiring an additional 489,689 shares during the period. Institutional investors and hedge funds own 86.76% of the company's stock.

Gentex Stock Performance

NASDAQ GNTX traded up $0.15 during trading hours on Wednesday, reaching $29.52. The company's stock had a trading volume of 1,467,880 shares, compared to its average volume of 1,444,998. The company's 50-day moving average is $29.90 and its two-hundred day moving average is $32.27. Gentex has a fifty-two week low of $27.86 and a fifty-two week high of $37.58. The stock has a market cap of $6.82 billion, a PE ratio of 15.62, a PEG ratio of 0.95 and a beta of 0.92.

Gentex (NASDAQ:GNTX - Get Free Report) last issued its quarterly earnings data on Friday, July 26th. The auto parts company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.15). Gentex had a return on equity of 17.78% and a net margin of 17.87%. The business had revenue of $572.93 million for the quarter, compared to analysts' expectations of $623.28 million. Equities analysts expect that Gentex will post 1.96 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Wednesday, October 9th. Gentex's payout ratio is currently 25.40%.

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.