Gentex Corp. (NASDAQ:GNTX) General Counsel Scott P. Ryan sold 5,132 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $17.77, for a total value of $91,195.64. Following the transaction, the general counsel now owns 14,446 shares of the company’s stock, valued at approximately $256,705.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of equities analysts recently commented on GNTX shares. Zacks Investment Research upgraded Gentex Corp. from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Friday, June 24th. FBR & Co restated a “buy” rating on shares of Gentex Corp. in a report on Saturday, June 18th.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 20th. Shareholders of record on Thursday, July 7th were paid a $0.09 dividend. This is a positive change from Gentex Corp.’s previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Tuesday, July 5th.
Gentex Corp. (NASDAQ:GNTX) traded up 2.19% during trading on Wednesday, reaching $18.19. The company’s stock had a trading volume of 4,875,933 shares. Gentex Corp. has a 12-month low of $12.93 and a 12-month high of $18.25. The firm’s 50-day moving average price is $15.94 and its 200 day moving average price is $15.36. The company has a market capitalization of $5.25 billion and a P/E ratio of 15.96.
Gentex Corp. (NASDAQ:GNTX) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The firm earned $423.80 million during the quarter, compared to the consensus estimate of $416.99 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Gentex Corp. will post $1.19 earnings per share for the current fiscal year.
Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s segments include Automotive Products and Other, which includes Fire Protection Products and Dimmable Aircraft Windows.
