Thrivent Financial for Lutherans Has $8.94 Million Stake in Gentex Co. (NASDAQ:GNTX)

Thrivent Financial for Lutherans trimmed its position in Gentex Co. (NASDAQ:GNTX) by 20.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 311,072 shares of the auto parts company’s stock after selling 81,373 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Gentex were worth $8,937,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Jensen Investment Management Inc. lifted its holdings in shares of Gentex by 4.0% in the fourth quarter. Jensen Investment Management Inc. now owns 178,920 shares of the auto parts company’s stock valued at $5,140,000 after purchasing an additional 6,800 shares in the last quarter. Centurion Wealth Management LLC lifted its holdings in shares of Gentex by 7.8% in the fourth quarter. Centurion Wealth Management LLC now owns 9,011 shares of the auto parts company’s stock valued at $259,000 after purchasing an additional 652 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Gentex by 4.8% in the fourth quarter. Royce & Associates LP now owns 351,285 shares of the auto parts company’s stock valued at $10,092,000 after purchasing an additional 16,085 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Gentex by 10.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,634 shares of the auto parts company’s stock valued at $334,000 after purchasing an additional 1,090 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Gentex by 4.3% in the fourth quarter. Natixis Advisors LLC now owns 433,446 shares of the auto parts company’s stock valued at $12,453,000 after purchasing an additional 18,067 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors.

Gentex Stock Down 0.7 %

NASDAQ:GNTX opened at $23.91 on Friday. The stock’s 50 day moving average price is $25.53 and its two-hundred day moving average price is $28.26. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 0.84 and a beta of 0.90. Gentex Co. has a 12-month low of $23.50 and a 12-month high of $36.46.

Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a net margin of 17.49% and a return on equity of 16.74%. During the same period in the prior year, the business posted $0.50 earnings per share. Equities research analysts expect that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

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

Wall Street Analyst Weigh In

GNTX has been the topic of a number of research reports. Robert W. Baird set a $31.00 price target on Gentex in a report on Monday, February 3rd. 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 report on Monday, February 3rd. B. Riley reiterated a “buy” rating and set a $32.50 target price (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. UBS Group dropped their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, Guggenheim set a $30.00 target price on Gentex in a report on Wednesday, March 5th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.81.

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.