Gentex Co. (NASDAQ:GNTX) Shares Bought by S.A. Mason LLC

S.A. Mason LLC grew its stake in shares of Gentex Co. (NASDAQ:GNTX) by 29.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,536 shares of the auto parts company’s stock after purchasing an additional 4,904 shares during the quarter. S.A. Mason LLC’s holdings in Gentex were worth $778,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Neo Ivy Capital Management purchased a new stake in shares of Gentex during the fourth quarter worth about $29,000. National Bank of Canada FI increased its position in shares of Gentex by 159.1% during the fourth quarter. National Bank of Canada FI now owns 930 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 571 shares during the last quarter. VisionPoint Advisory Group LLC increased its position in shares of Gentex by 123.6% during the third quarter. VisionPoint Advisory Group LLC now owns 1,203 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 665 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Gentex during the fourth quarter worth about $46,000. Finally, Global Retirement Partners LLC increased its position in shares of Gentex by 371.3% during the fourth quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company’s stock worth $89,000 after acquiring an additional 2,157 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Stock Down 0.4 %

GNTX traded down $0.15 during trading on Thursday, reaching $33.37. The stock had a trading volume of 55,976 shares, compared to its average volume of 1,392,527. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 0.95 and a beta of 0.97. Gentex Co. has a 1-year low of $27.86 and a 1-year high of $37.58. The stock has a 50 day moving average of $34.39 and a two-hundred day moving average of $34.31.

Gentex (NASDAQ:GNTX) last released its earnings results on Friday, April 26th. The auto parts company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $590.23 million during the quarter, compared to analyst estimates of $600.38 million. Gentex had a return on equity of 19.19% and a net margin of 18.77%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. On average, research analysts forecast that Gentex Co. will post 2.11 EPS for the current fiscal year.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, July 5th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.48 dividend on an annualized basis and a yield of 1.44%. Gentex’s dividend payout ratio (DPR) is 25.40%.

Insiders Place Their Bets

In other news, Director Joseph B. Anderson, Jr. sold 4,716 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $34.46, for a total transaction of $162,513.36. Following the completion of the sale, the director now owns 3,764 shares in the company, valued at approximately $129,707.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GNTX shares. StockNews.com raised Gentex from a “hold” rating to a “buy” rating in a report on Sunday, June 16th. Guggenheim upped their target price on Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, B. Riley upped their target price on Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.83.

Gentex 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.