Gentex (NASDAQ:GNTX) Reaches New 1-Year Low – What’s Next?

Gentex Co. (NASDAQ:GNTX)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $23.50 and last traded at $23.91, with a volume of 72023 shares traded. The stock had previously closed at $23.79.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $32.50 price target (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on Gentex in a research report on Monday, February 3rd. UBS Group lowered their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Guggenheim set a $30.00 price objective on Gentex in a research report on Wednesday, March 5th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Gentex presently has an average rating of “Hold” and a consensus price target of $31.81.

Gentex Trading Down 0.7 %

The stock has a market cap of $5.43 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. The business has a 50-day moving average price of $25.53 and a 200-day moving average price of $28.27.

Gentex (NASDAQ:GNTX) last announced its 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 net margin of 17.49% and a return on equity of 16.74%. During the same period in the previous year, the business posted $0.50 EPS. Equities analysts expect that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.01%. Gentex’s dividend payout ratio (DPR) is 27.27%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Midwest Capital Advisors LLC purchased a new position in Gentex in the 4th quarter valued at $26,000. TD Private Client Wealth LLC lifted its holdings in Gentex by 138.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 662 shares in the last quarter. Synergy Asset Management LLC purchased a new position in Gentex in the 4th quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Gentex by 32.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 593 shares in the last quarter. Finally, LRI Investments LLC lifted its holdings in Gentex by 33.2% in the 4th quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company’s stock valued at $79,000 after purchasing an additional 686 shares in the last quarter. Hedge funds and other institutional investors 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.