Brokerages Set Gentex Co. (NASDAQ:GNTX) PT at $31.81

Gentex Co. (NASDAQ:GNTX) has been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, 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 12-month price objective among brokers that have issued a report on the stock in the last year is $31.81.

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

Gentex Stock Performance

NASDAQ GNTX opened at $24.43 on Friday. Gentex has a fifty-two week low of $23.50 and a fifty-two week high of $36.46. The company has a market cap of $5.55 billion, a P/E ratio of 13.88, a P/E/G ratio of 0.84 and a beta of 0.90. The business’s 50 day moving average price is $25.47 and its 200-day moving average price is $28.20.

Gentex (NASDAQ:GNTX) last posted 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 net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the prior year, the company posted $0.50 EPS. As a group, equities analysts predict that Gentex will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.96%. Gentex’s payout ratio is currently 27.27%.

Institutional Trading of Gentex

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 111 Capital acquired a new stake in shares of Gentex in the fourth quarter valued at $744,000. Brooklyn FI LLC purchased a new position in Gentex during the 4th quarter valued at about $278,000. Forum Financial Management LP acquired a new position in Gentex in the 4th quarter valued at about $214,000. Public Employees Retirement System of Ohio grew its position in Gentex by 2.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 109,655 shares of the auto parts company’s stock valued at $3,150,000 after acquiring an additional 3,137 shares in the last quarter. Finally, Burgundy Asset Management Ltd. increased its stake in 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 period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

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.