Gentex Co. (NASDAQ:GNTX) Given Average Rating of “Hold” by Brokerages

Shares of Gentex Co. (NASDAQ:GNTX) have earned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $29.06.

A number of equities analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $32.50 target price (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. UBS Group reduced their target price on shares of Gentex from $29.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Guggenheim set a $30.00 target price on shares of Gentex in a research report on Wednesday, March 5th. The Goldman Sachs Group reduced their price target on shares of Gentex from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd.

Gentex Price Performance

Shares of Gentex stock opened at $21.17 on Wednesday. The company’s fifty day moving average price is $23.73 and its two-hundred day moving average price is $27.29. The firm has a market capitalization of $4.79 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84. Gentex has a 52-week low of $20.28 and a 52-week high of $35.33.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm posted $0.50 earnings per share. Analysts predict that Gentex will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.27%. The ex-dividend date is Wednesday, April 9th. Gentex’s payout ratio is presently 27.27%.

Hedge Funds Weigh In On Gentex

A number of institutional investors have recently modified their holdings of the stock. Midwest Capital Advisors LLC acquired a new stake in shares of Gentex in the fourth quarter valued at approximately $26,000. TD Private Client Wealth LLC boosted its position in Gentex by 138.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock valued at $33,000 after buying an additional 662 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Gentex in the 4th quarter valued at $34,000. Harbor Investment Advisory LLC raised its position in shares of Gentex by 208.2% during the first quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 1,093 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Gentex by 103.3% during the first quarter. UMB Bank n.a. now owns 2,124 shares of the auto parts company’s stock valued at $49,000 after acquiring an additional 1,079 shares during the period. 86.76% of the stock is owned by institutional investors.

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.