Gentex Co. (NASDAQ:GNTX) Receives $35.13 Average Price Target from Brokerages

Gentex Co. (NASDAQ:GNTX) has earned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $33.06.

Several analysts have weighed in on GNTX shares. Guggenheim lowered their target price on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Robert W. Baird boosted their target price on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. B. Riley reiterated a “buy” rating and set a $32.50 target price (down previously from $37.00) on shares of Gentex in a research note on Monday. Bank of America lowered their target price on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday.

Gentex Trading Up 2.2 %

Shares of NASDAQ:GNTX opened at $25.72 on Friday. The company has a fifty day simple moving average of $28.82 and a 200 day simple moving average of $29.68. The firm has a market cap of $5.85 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91. Gentex has a 12-month low of $24.57 and a 12-month high of $37.58.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.10). Gentex had a return on equity of 16.74% and a net margin of 17.49%. During the same quarter in the prior year, the business posted $0.50 earnings per share. As a group, equities research analysts forecast that Gentex will post 2.1 EPS for the current fiscal year.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Wednesday, January 8th. Gentex’s dividend payout ratio (DPR) is 27.27%.

Hedge Funds Weigh In On Gentex

Hedge funds and other institutional investors have recently modified their holdings of the company. Midwest Capital Advisors LLC acquired a new position in shares of Gentex during the fourth quarter valued at $26,000. Synergy Asset Management LLC acquired a new stake in Gentex in the fourth quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Gentex by 227.8% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 1,269 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Gentex in the third quarter worth about $125,000. Finally, GAMMA Investing LLC lifted its holdings in Gentex by 159.1% in the fourth quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock worth $147,000 after purchasing an additional 3,152 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

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.