Neil Boehm Sells 11,248 Shares of Gentex (NASDAQ:GNTX) Stock

Gentex Corporation (NASDAQ:GNTX) CTO Neil Boehm sold 11,248 shares of Gentex stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $24.82, for a total value of $279,175.36. Following the completion of the sale, the chief technology officer directly owned 58,951 shares in the company, valued at approximately $1,463,163.82. The trade was a 16.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gentex Price Performance

Shares of NASDAQ GNTX traded down $0.57 during midday trading on Thursday, reaching $23.97. 1,888,424 shares of the stock traded hands, compared to its average volume of 2,609,861. The company’s 50 day moving average is $23.91 and its 200 day moving average is $25.20. Gentex Corporation has a one year low of $20.28 and a one year high of $29.38. The stock has a market capitalization of $5.25 billion, a PE ratio of 13.78 and a beta of 0.78.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, January 30th. The auto parts company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $644.40 million for the quarter, compared to analysts’ expectations of $650.90 million. Gentex had a net margin of 15.19% and a return on equity of 16.05%. Gentex’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. As a group, equities analysts forecast that Gentex Corporation will post 2.04 EPS for the current year.

Gentex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, January 7th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, January 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.0%. Gentex’s dividend payout ratio (DPR) is presently 27.59%.

Hedge Funds Weigh In On Gentex

Institutional investors have recently added to or reduced their stakes in the company. Clearstead Advisors LLC grew its stake in shares of Gentex by 21.4% during the fourth quarter. Clearstead Advisors LLC now owns 2,479 shares of the auto parts company’s stock valued at $58,000 after acquiring an additional 437 shares in the last quarter. Gagnon Securities LLC boosted its holdings in Gentex by 0.8% in the fourth quarter. Gagnon Securities LLC now owns 55,672 shares of the auto parts company’s stock valued at $1,295,000 after purchasing an additional 458 shares during the last quarter. CWM LLC grew its stake in Gentex by 5.1% during the 3rd quarter. CWM LLC now owns 9,648 shares of the auto parts company’s stock valued at $273,000 after purchasing an additional 467 shares in the last quarter. Arizona State Retirement System increased its holdings in Gentex by 0.7% during the 3rd quarter. Arizona State Retirement System now owns 66,519 shares of the auto parts company’s stock worth $1,882,000 after purchasing an additional 487 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in shares of Gentex by 1.9% in the 4th quarter. First Citizens Bank & Trust Co. now owns 29,807 shares of the auto parts company’s stock valued at $694,000 after purchasing an additional 559 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GNTX shares. The Goldman Sachs Group set a $27.00 target price on Gentex and gave the company a “neutral” rating in a research report on Monday, October 27th. Robert W. Baird set a $26.00 price objective on shares of Gentex in a research note on Wednesday, January 14th. UBS Group set a $25.00 price objective on shares of Gentex in a research report on Monday, February 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Gentex in a research note on Thursday, January 22nd. Finally, B. Riley Financial dropped their price target on shares of Gentex from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.71.

Gentex Company Profile

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).