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

Gentex Co. (NASDAQ:GNTX) has earned an average rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $31.81.

GNTX has been the subject of a number of research reports. UBS Group cut their price target on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Guggenheim set a $30.00 target price on shares of Gentex in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price target on Gentex in a research note on Monday, February 3rd. Finally, B. Riley reissued a “buy” rating and set a $32.50 price objective (down from $37.00) on shares of Gentex in a report on Monday, February 3rd.

Gentex Trading Down 0.7 %

GNTX opened at $23.91 on Friday. Gentex has a 1-year low of $23.50 and a 1-year high of $36.49. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.84 and a beta of 0.90. The company’s fifty day moving average price is $25.53 and its two-hundred day moving average price is $28.27.

Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing the consensus estimate 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 quarter in the previous year, the firm earned $0.50 EPS. As a group, equities analysts forecast that Gentex will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 2.01%. Gentex’s dividend payout ratio (DPR) is 27.27%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GNTX. 111 Capital purchased a new stake in shares of Gentex in the fourth quarter worth approximately $744,000. Brooklyn FI LLC bought a new position in Gentex in the 4th quarter valued at $278,000. Forum Financial Management LP purchased a new stake in Gentex in the fourth quarter worth $214,000. Public Employees Retirement System of Ohio increased its stake in Gentex by 2.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 109,655 shares of the auto parts company’s stock worth $3,150,000 after purchasing an additional 3,137 shares during the period. Finally, Burgundy Asset Management Ltd. lifted its position in shares of Gentex by 1.6% during the fourth quarter. Burgundy Asset Management Ltd. now owns 5,516,817 shares of the auto parts company’s stock worth $158,498,000 after purchasing an additional 86,929 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

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.