Leeward Investments LLC MA Makes New Investment in Gentex Co. (NASDAQ:GNTX)

Leeward Investments LLC MA acquired a new stake in Gentex Co. (NASDAQ:GNTX) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 783,198 shares of the auto parts company’s stock, valued at approximately $28,289,000. Gentex makes up approximately 1.3% of Leeward Investments LLC MA’s investment portfolio, making the stock its 12th largest position. Leeward Investments LLC MA owned approximately 0.34% of Gentex as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GNTX. Marshall Financial Group LLC increased its holdings in Gentex by 9.2% during the 1st quarter. Marshall Financial Group LLC now owns 29,314 shares of the auto parts company’s stock valued at $1,059,000 after purchasing an additional 2,478 shares during the period. State of Michigan Retirement System increased its position in shares of Gentex by 2.3% during the first quarter. State of Michigan Retirement System now owns 57,240 shares of the auto parts company’s stock valued at $2,068,000 after acquiring an additional 1,300 shares in the last quarter. Oak Thistle LLC purchased a new position in Gentex in the 1st quarter worth approximately $446,000. Diversified Trust Co lifted its position in Gentex by 15.6% in the 1st quarter. Diversified Trust Co now owns 86,842 shares of the auto parts company’s stock valued at $3,137,000 after acquiring an additional 11,743 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Gentex by 65.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 41,993 shares of the auto parts company’s stock valued at $1,517,000 after purchasing an additional 16,540 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Insider Activity

In other news, Director Joseph B. Anderson, Jr. sold 4,716 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 3,764 shares of the company’s stock, valued at approximately $129,707.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Gentex Trading Down 0.1 %

GNTX traded down $0.03 during trading hours on Thursday, hitting $33.77. The company’s stock had a trading volume of 842,836 shares, compared to its average volume of 1,581,716. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 17.87, a P/E/G ratio of 0.95 and a beta of 0.93. The business’s 50-day moving average price is $34.32 and its 200-day moving average price is $34.38. Gentex Co. has a 12 month low of $27.86 and a 12 month high of $37.58.

Gentex (NASDAQ:GNTX) last posted 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 business had revenue of $590.23 million during the quarter, compared to the consensus estimate of $600.38 million. Gentex had a return on equity of 19.19% and a net margin of 18.77%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. On average, analysts forecast that Gentex Co. will post 2.11 earnings per share for the current year.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, July 5th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, July 5th. This represents a $0.48 dividend on an annualized basis and a yield of 1.42%. Gentex’s dividend payout ratio (DPR) is presently 25.40%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GNTX shares. Guggenheim increased their price objective on shares of Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. StockNews.com lowered shares of Gentex from a “buy” rating to a “hold” rating in a report on Thursday. Finally, B. Riley boosted their price objective on Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Gentex has a consensus rating of “Hold” and a consensus target price of $37.83.

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.