Gentex Co. (NASDAQ:GNTX) Declares Quarterly Dividend of $0.12

Gentex Co. (NASDAQ:GNTX) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Wednesday, April 9th will be paid a dividend of 0.12 per share by the auto parts company on Wednesday, April 23rd. This represents a $0.48 annualized dividend and a dividend yield of 1.96%.

Gentex has a dividend payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Gentex to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 22.3%.

Gentex Price Performance

Shares of NASDAQ GNTX opened at $24.52 on Thursday. The stock has a market cap of $5.58 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 0.84 and a beta of 0.91. Gentex has a 1 year low of $24.10 and a 1 year high of $37.58. The firm has a 50-day moving average of $26.90 and a 200 day moving average of $28.96.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.10). Gentex had a return on equity of 16.74% and a net margin of 17.49%. During the same period in the prior year, the firm earned $0.50 earnings per share. Research analysts expect that Gentex will post 2.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GNTX. Robert W. Baird set a $31.00 price target on shares of Gentex in a report on Monday, February 3rd. B. Riley reissued a “buy” rating and set a $32.50 price objective (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. UBS Group dropped their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Guggenheim lowered their target price 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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Gentex presently has an average rating of “Hold” and a consensus target price of $32.31.

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.