Gentex Co. (NASDAQ:GNTX) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Gentex Co. (NASDAQ:GNTX) have been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $31.81.

GNTX has been the subject of a number of recent analyst reports. UBS Group reduced their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. B. Riley restated a “buy” rating and set a $32.50 target price (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Guggenheim set a $30.00 price target on shares of Gentex in a research report on Wednesday, March 5th. Finally, Robert W. Baird set a $31.00 price target on Gentex in a research note on Monday, February 3rd.

Institutional Investors Weigh In On Gentex

A number of institutional investors and hedge funds have recently bought and sold shares of GNTX. Midwest Capital Advisors LLC purchased a new position in Gentex during the fourth quarter worth $26,000. TD Private Client Wealth LLC boosted its stake in shares of Gentex by 138.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock valued at $33,000 after acquiring an additional 662 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in Gentex during the 4th quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Gentex by 32.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 593 shares during the last quarter. Finally, LRI Investments LLC lifted its holdings in Gentex by 33.2% in the 4th quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company’s stock valued at $79,000 after purchasing an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Gentex Stock Down 2.0 %

NASDAQ GNTX opened at $23.40 on Friday. The stock has a market capitalization of $5.32 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.84 and a beta of 0.90. Gentex has a 52-week low of $23.27 and a 52-week high of $36.46. The firm has a 50-day moving average price of $25.20 and a 200 day moving average price of $28.06.

Gentex (NASDAQ:GNTX) last issued its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (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 previous year, the company earned $0.50 EPS. On average, equities research analysts expect that Gentex will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.05%. Gentex’s dividend payout ratio (DPR) is 27.27%.

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.