Gentex Co. (NASDAQ:GNTX) Stock Holdings Lifted by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Gentex Co. (NASDAQ:GNTX) by 32.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,419 shares of the auto parts company’s stock after acquiring an additional 593 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Gentex were worth $70,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Quest Partners LLC purchased a new stake in shares of Gentex in the 2nd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Gentex by 173.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 850 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Gentex in the third quarter worth $125,000. GAMMA Investing LLC grew its holdings in shares of Gentex by 159.1% during the fourth quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock valued at $147,000 after buying an additional 3,152 shares in the last quarter. Finally, KBC Group NV raised its position in Gentex by 13.3% during the third quarter. KBC Group NV now owns 5,664 shares of the auto parts company’s stock valued at $168,000 after buying an additional 667 shares during the period. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Gentex Trading Up 1.7 %

GNTX stock opened at $27.97 on Friday. The firm has a market cap of $6.36 billion, a PE ratio of 14.96, a PEG ratio of 0.83 and a beta of 0.91. Gentex Co. has a 1 year low of $26.58 and a 1 year high of $37.58. The company has a fifty day simple moving average of $29.37 and a 200 day simple moving average of $30.23.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, January 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.72%. Gentex’s dividend payout ratio (DPR) is presently 25.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Bank of America lowered their target price on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. The Goldman Sachs Group dropped their price objective on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Robert W. Baird lifted their target price on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Guggenheim dropped their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $35.13.

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.