Gentex Co. (NASDAQ:GNTX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Gentex Co. (NASDAQ:GNTX) have earned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $35.13.

A number of analysts recently issued reports on the company. The Goldman Sachs Group dropped 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. Robert W. Baird increased their target price on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Guggenheim dropped their target price on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, Bank of America reduced their price target on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, October 14th.

Gentex Stock Down 0.2 %

NASDAQ GNTX opened at $28.04 on Monday. The company has a market cap of $6.38 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91. The firm’s 50-day simple moving average is $30.02 and its two-hundred day simple moving average is $30.65. Gentex has a 52 week low of $27.83 and a 52 week high of $37.58.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.71%. Gentex’s dividend payout ratio (DPR) is 25.67%.

Institutional Trading of Gentex

A number of hedge funds have recently modified their holdings of the business. Arizona State Retirement System boosted its stake in Gentex by 1.1% during the second quarter. Arizona State Retirement System now owns 64,807 shares of the auto parts company’s stock worth $2,185,000 after acquiring an additional 704 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Gentex by 46.4% during the second quarter. Private Advisor Group LLC now owns 28,939 shares of the auto parts company’s stock valued at $976,000 after purchasing an additional 9,171 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Gentex in the 2nd quarter worth approximately $31,000. Choreo LLC purchased a new stake in shares of Gentex in the 2nd quarter worth approximately $370,000. Finally, United Services Automobile Association increased its position in Gentex by 2.5% during the 2nd quarter. United Services Automobile Association now owns 17,447 shares of the auto parts company’s stock valued at $588,000 after buying an additional 427 shares in the last quarter. Institutional investors 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.