Brokerages Set Gentex Co. (NASDAQ:GNTX) PT at $35.13

Shares of Gentex Co. (NASDAQ:GNTX) have been given an average rating of “Hold” by the eight research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $33.06.

A number of research firms recently commented on GNTX. Bank of America decreased their price target on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Guggenheim decreased their price target on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Robert W. Baird increased their price target on Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, UBS Group decreased their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday.

Gentex Trading Down 1.0 %

GNTX stock opened at $25.04 on Friday. Gentex has a 1-year low of $24.57 and a 1-year high of $37.58. The firm has a market cap of $5.69 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.86 and a beta of 0.91. The business’s 50 day moving average is $28.61 and its 200-day moving average is $29.60.

Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 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. Sell-side analysts forecast that Gentex will post 2.1 EPS for the current year.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Wednesday, January 8th. Gentex’s dividend payout ratio (DPR) is currently 27.27%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Inceptionr LLC acquired a new position in shares of Gentex in the 4th quarter valued at $1,134,000. Raymond James Financial Inc. acquired a new position in shares of Gentex in the 4th quarter valued at $24,479,000. Aigen Investment Management LP acquired a new position in shares of Gentex in the 4th quarter valued at $462,000. Proficio Capital Partners LLC acquired a new position in shares of Gentex in the 4th quarter valued at $892,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Gentex by 65.2% in the 4th quarter. Victory Capital Management Inc. now owns 73,936 shares of the auto parts company’s stock valued at $2,124,000 after purchasing an additional 29,168 shares during the period. Institutional investors and hedge funds 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.