Gentex Co. (NASDAQ:GNTX) Receives $35.13 Average Target Price from Analysts

Gentex Co. (NASDAQ:GNTX) has been assigned an average recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $35.13.

Several equities analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Guggenheim dropped their target price on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. UBS Group initiated coverage on Gentex in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $34.00 price target for the company. Bank of America lowered their price target on Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Finally, The Goldman Sachs Group cut their price objective on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st.

Gentex Stock Up 0.0 %

Shares of Gentex stock opened at $30.59 on Thursday. Gentex has a 52-week low of $28.30 and a 52-week high of $37.58. The firm’s 50 day moving average price is $30.13 and its 200-day moving average price is $31.21. The company has a market cap of $6.96 billion, a P/E ratio of 16.36, a PEG ratio of 1.09 and a beta of 0.91.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex’s payout ratio is 25.67%.

Institutional Trading of Gentex

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quest Partners LLC acquired a new position in Gentex during the second quarter valued at $31,000. Gladius Capital Management LP acquired a new position in shares of Gentex in the 2nd quarter valued at about $34,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Gentex by 173.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock valued at $42,000 after buying an additional 850 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Gentex by 227.8% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock worth $54,000 after buying an additional 1,269 shares during the last quarter. Finally, HHM Wealth Advisors LLC acquired a new stake in Gentex during the second quarter worth about $67,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

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.