B. Riley Reaffirms Buy Rating for Gentex (NASDAQ:GNTX)

Gentex (NASDAQ:GNTX)‘s stock had its “buy” rating reiterated by research analysts at B. Riley in a note issued to investors on Monday,Benzinga reports. They currently have a $32.50 price target on the auto parts company’s stock, down from their previous price target of $37.00. B. Riley’s price target indicates a potential upside of 26.36% from the company’s previous close. B. Riley also issued estimates for Gentex’s Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.45 EPS, Q3 2025 earnings at $0.54 EPS and Q4 2025 earnings at $0.45 EPS.

Several other research analysts also recently commented on GNTX. Guggenheim reduced their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Robert W. Baird raised their price target on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Bank of America reduced their price target on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. dropped their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $33.06.

Gentex Stock Up 2.2 %

NASDAQ GNTX opened at $25.72 on Monday. Gentex has a 52 week low of $24.57 and a 52 week high of $37.58. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 0.86 and a beta of 0.91. The company has a fifty day moving average of $28.82 and a two-hundred day moving average of $29.68.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the business earned $0.50 EPS. Equities research analysts anticipate that Gentex will post 2.1 EPS for the current year.

Institutional Trading of Gentex

Several large investors have recently made changes to their positions in GNTX. Bank of New York Mellon Corp lifted its stake in shares of Gentex by 16.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company’s stock valued at $80,079,000 after purchasing an additional 386,461 shares during the period. Midwest Capital Advisors LLC acquired a new position in Gentex in the 4th quarter worth about $26,000. Y Intercept Hong Kong Ltd purchased a new position in Gentex during the fourth quarter worth approximately $670,000. BCGM Wealth Management LLC grew its holdings in Gentex by 64.2% in the fourth quarter. BCGM Wealth Management LLC now owns 56,743 shares of the auto parts company’s stock valued at $1,630,000 after purchasing an additional 22,180 shares during the period. Finally, South Dakota Investment Council grew its stake in Gentex by 2.3% in the 4th quarter. South Dakota Investment Council now owns 124,056 shares of the auto parts company’s stock valued at $3,564,000 after acquiring an additional 2,819 shares during the period. 86.76% of the stock is owned by hedge funds and other institutional investors.

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.