Analysts Set Gentex Co. (NASDAQ:GNTX) PT at $39.40

Shares of Gentex Co. (NASDAQ:GNTX) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $39.40.

A number of brokerages have issued reports on GNTX. Robert W. Baird cut their target price on shares of Gentex from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, July 12th. StockNews.com cut shares of Gentex from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Finally, Guggenheim lifted their price target on shares of Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th.

Insider Buying and Selling at Gentex

In other Gentex news, Director Joseph B. Anderson, Jr. sold 4,716 shares of Gentex stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $34.46, for a total transaction of $162,513.36. Following the transaction, the director now directly owns 3,764 shares of the company’s stock, valued at $129,707.44. The sale was disclosed in a filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GNTX. Norges Bank acquired a new position in Gentex during the fourth quarter valued at approximately $89,843,000. First Trust Advisors LP lifted its position in shares of Gentex by 301.6% during the fourth quarter. First Trust Advisors LP now owns 2,568,775 shares of the auto parts company’s stock worth $83,896,000 after purchasing an additional 1,929,150 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Gentex by 27.9% during the fourth quarter. Wellington Management Group LLP now owns 8,728,378 shares of the auto parts company’s stock worth $285,069,000 after purchasing an additional 1,905,356 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Gentex by 41.2% during the first quarter. TD Asset Management Inc now owns 4,677,655 shares of the auto parts company’s stock worth $168,957,000 after purchasing an additional 1,363,898 shares in the last quarter. Finally, Motley Fool Asset Management LLC lifted its position in shares of Gentex by 287.7% during the first quarter. Motley Fool Asset Management LLC now owns 1,204,152 shares of the auto parts company’s stock worth $43,494,000 after purchasing an additional 893,552 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Gentex Stock Down 3.7 %

Shares of NASDAQ GNTX opened at $33.32 on Monday. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 0.94 and a beta of 0.93. The firm has a 50-day moving average price of $34.19 and a 200 day moving average price of $34.53. Gentex has a 52 week low of $27.86 and a 52 week high of $37.58.

Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, April 26th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $590.23 million for 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 was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. Equities research analysts expect that Gentex will post 2.11 EPS for the current fiscal year.

Gentex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, July 5th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was 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%.

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.