Twin Capital Management Inc. Has $1.82 Million Stock Holdings in Gentex Corporation $GNTX

Twin Capital Management Inc. grew its holdings in Gentex Corporation (NASDAQ:GNTX) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 82,717 shares of the auto parts company’s stock after purchasing an additional 2,221 shares during the period. Twin Capital Management Inc.’s holdings in Gentex were worth $1,819,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in Gentex by 4.1% during the first quarter. Vanguard Group Inc. now owns 22,581,938 shares of the auto parts company’s stock worth $526,159,000 after acquiring an additional 886,785 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of Gentex by 40.1% during the first quarter. Burgundy Asset Management Ltd. now owns 7,728,209 shares of the auto parts company’s stock worth $180,067,000 after buying an additional 2,211,392 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Gentex by 46.2% in the 1st quarter. JPMorgan Chase & Co. now owns 7,673,701 shares of the auto parts company’s stock valued at $178,797,000 after acquiring an additional 2,424,471 shares during the last quarter. Ariel Investments LLC boosted its holdings in shares of Gentex by 10.7% during the 1st quarter. Ariel Investments LLC now owns 7,082,055 shares of the auto parts company’s stock valued at $165,012,000 after acquiring an additional 687,329 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Gentex by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,655,948 shares of the auto parts company’s stock worth $108,482,000 after purchasing an additional 160,432 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors.

Gentex Price Performance

Shares of Gentex stock opened at $23.06 on Friday. The stock’s 50-day moving average is $26.78 and its 200 day moving average is $24.68. Gentex Corporation has a one year low of $20.28 and a one year high of $31.41. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 13.56 and a beta of 0.87.

Gentex (NASDAQ:GNTX) last issued its earnings results on Friday, October 24th. The auto parts company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The business had revenue of $570.32 million during the quarter, compared to the consensus estimate of $661.10 million. Gentex had a return on equity of 15.86% and a net margin of 15.61%.The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Gentex has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Gentex Corporation will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Wednesday, October 8th. Gentex’s dividend payout ratio (DPR) is presently 28.24%.

Gentex declared that its board has initiated a share buyback program on Wednesday, July 16th that authorizes the company to buyback 40,000,000 outstanding shares. This buyback authorization authorizes the auto parts company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Gentex from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gentex in a report on Wednesday, October 8th. Robert W. Baird set a $29.00 price target on Gentex in a research report on Monday, October 27th. Industrial Alliance Securities set a $25.00 price objective on Gentex in a research note on Friday, July 11th. Finally, Wall Street Zen raised shares of Gentex from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Gentex has a consensus rating of “Hold” and a consensus target price of $28.29.

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.