Windsor Advisory Group LLC Invests $788,000 in Gentex Corporation $GNTX

Windsor Advisory Group LLC bought a new position in shares of Gentex Corporation (NASDAQ:GNTX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,171 shares of the auto parts company’s stock, valued at approximately $788,000. Gentex accounts for approximately 0.6% of Windsor Advisory Group LLC’s portfolio, making the stock its 25th largest holding.

Several other institutional investors also recently bought and sold shares of the stock. Anchor Investment Management LLC acquired a new stake in shares of Gentex during the 1st quarter worth approximately $26,000. AdvisorNet Financial Inc increased its holdings in shares of Gentex by 2,299.0% during the 1st quarter. AdvisorNet Financial Inc now owns 2,399 shares of the auto parts company’s stock valued at $52,000 after purchasing an additional 2,299 shares in the last quarter. Arax Advisory Partners acquired a new position in shares of Gentex in the 4th quarter valued at $52,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Gentex in the 2nd quarter valued at $54,000. Finally, Employees Retirement System of Texas purchased a new stake in Gentex during the fourth quarter worth $56,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Stock Performance

Gentex stock opened at $23.87 on Thursday. Gentex Corporation has a fifty-two week low of $20.48 and a fifty-two week high of $29.38. The firm has a 50 day moving average price of $24.16 and a 200 day moving average price of $23.48. The company has a market capitalization of $5.08 billion, a PE ratio of 12.63 and a beta of 0.79.

Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, July 24th. The auto parts company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Gentex had a return on equity of 16.78% and a net margin of 15.50%.The company had revenue of $651.30 million for the quarter, compared to analyst estimates of $669.65 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, equities research analysts forecast that Gentex Corporation will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, July 8th. Gentex’s payout ratio is currently 25.40%.

Analysts Set New Price Targets

A number of research firms have recently commented on GNTX. JPMorgan Chase & Co. dropped their target price on Gentex from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Weiss Ratings upgraded Gentex from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Freedom Capital cut Gentex from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Wall Street Zen lowered shares of Gentex from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $25.00 target price (down from $26.00) on shares of Gentex in a research report on Thursday, July 9th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gentex presently has an average rating of “Hold” and an average price target of $26.80.

About Gentex

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).