Gentex Co. (NASDAQ:GNTX) Receives Consensus Rating of “Moderate Buy” from Analysts

Gentex Co. (NASDAQ:GNTXGet Free Report) has been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $37.83.

A number of analysts have recently weighed in on the stock. B. Riley increased their target price on shares of Gentex from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Guggenheim increased their target price on shares of Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, StockNews.com upgraded shares of Gentex from a “hold” rating to a “buy” rating in a report on Sunday, June 16th.

Check Out Our Latest Stock Report on Gentex

Insider Buying and Selling

In other Gentex news, Director Joseph B. Anderson, Jr. sold 4,716 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $34.46, for a total transaction of $162,513.36. Following the completion of the transaction, the director now owns 3,764 shares of the company’s stock, valued at $129,707.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by insiders.

Hedge Funds Weigh In On Gentex

Institutional investors and hedge funds have recently made changes to their positions in the business. IFG Advisory LLC increased its stake in shares of Gentex by 85.1% during the fourth quarter. IFG Advisory LLC now owns 129,203 shares of the auto parts company’s stock valued at $4,220,000 after purchasing an additional 59,407 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Gentex by 129.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 111,827 shares of the auto parts company’s stock valued at $3,652,000 after purchasing an additional 63,152 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Gentex by 58.1% during the fourth quarter. TD Asset Management Inc now owns 3,313,757 shares of the auto parts company’s stock valued at $108,227,000 after buying an additional 1,217,278 shares during the last quarter. Thematics Asset Management grew its holdings in shares of Gentex by 51.2% during the fourth quarter. Thematics Asset Management now owns 523,207 shares of the auto parts company’s stock valued at $17,088,000 after buying an additional 177,207 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Gentex by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 22,280,716 shares of the auto parts company’s stock valued at $727,688,000 after buying an additional 163,373 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Gentex Stock Up 2.3 %

Gentex stock opened at $34.49 on Thursday. The company has a market capitalization of $7.97 billion, a PE ratio of 18.25, a P/E/G ratio of 0.95 and a beta of 0.97. The firm has a fifty day simple moving average of $34.38 and a two-hundred day simple moving average of $34.29. Gentex has a twelve month low of $27.56 and a twelve month high of $37.58.

Gentex (NASDAQ:GNTXGet Free Report) last released its quarterly earnings data on Friday, April 26th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $590.23 million during the quarter, compared to analysts’ expectations of $600.38 million. Gentex had a net margin of 18.77% and a return on equity of 19.19%. Gentex’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, equities analysts expect that Gentex will post 2.11 earnings per share for the current fiscal year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, July 5th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Friday, July 5th. Gentex’s payout ratio is currently 25.40%.

Gentex Company Profile

(Get Free Report

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.

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Analyst Recommendations for Gentex (NASDAQ:GNTX)

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