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

Shares of Gentex Co. (NASDAQ:GNTX) have received a consensus rating of “Hold” from the eight ratings firms that are covering the company, 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 1-year price target among brokers that have covered the stock in the last year is $31.81.

Several equities analysts recently commented on GNTX shares. Robert W. Baird set a $31.00 target price on Gentex in a report on Monday, February 3rd. Guggenheim set a $30.00 target price on Gentex in a research report on Wednesday, March 5th. UBS Group decreased their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. B. Riley reiterated a “buy” rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Midwest Capital Advisors LLC acquired a new stake in shares of Gentex during the fourth quarter worth about $26,000. TD Private Client Wealth LLC lifted its position in Gentex by 138.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock worth $33,000 after acquiring an additional 662 shares during the period. Synergy Asset Management LLC purchased a new position in shares of Gentex in the 4th quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Gentex by 32.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 593 shares during the period. Finally, LRI Investments LLC increased its holdings in shares of Gentex by 33.2% in the fourth quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company’s stock valued at $79,000 after purchasing an additional 686 shares during the period. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Gentex Stock Performance

Shares of GNTX opened at $23.40 on Friday. Gentex has a 1 year low of $23.27 and a 1 year high of $36.46. The stock has a market capitalization of $5.32 billion, a PE ratio of 13.30, a PEG ratio of 0.84 and a beta of 0.90. The stock has a 50-day simple moving average of $25.20 and a 200-day simple moving average of $28.06.

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 quarter in the previous year, the company posted $0.50 earnings per share. Analysts predict that Gentex will post 2.04 EPS for the current year.

Gentex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s dividend payout ratio is currently 27.27%.

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.