Gentex Co. (NASDAQ:GNTX) Receives $31.81 Average PT from Brokerages

Gentex Co. (NASDAQ:GNTX) has been assigned an average rating of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $31.81.

A number of equities research analysts have commented on the stock. B. Riley restated a “buy” rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. UBS Group dropped their price target on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on Gentex in a research note on Monday, February 3rd. Finally, Guggenheim set a $30.00 target price on Gentex in a research report on Wednesday, March 5th.

Institutional Investors Weigh In On Gentex

Several institutional investors have recently bought and sold shares of GNTX. 111 Capital purchased a new position in Gentex during the 4th quarter worth $744,000. Brooklyn FI LLC purchased a new position in Gentex during the fourth quarter worth about $278,000. Forum Financial Management LP bought a new stake in Gentex in the 4th quarter worth about $214,000. Public Employees Retirement System of Ohio increased its stake in Gentex by 2.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 109,655 shares of the auto parts company’s stock valued at $3,150,000 after buying an additional 3,137 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its position in shares of Gentex by 1.6% during the 4th quarter. Burgundy Asset Management Ltd. now owns 5,516,817 shares of the auto parts company’s stock worth $158,498,000 after buying an additional 86,929 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.

Gentex Price Performance

Shares of Gentex stock opened at $24.76 on Friday. The stock’s 50-day moving average is $25.37 and its 200 day moving average is $28.14. Gentex has a one year low of $23.50 and a one year high of $36.46. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 0.84 and a beta of 0.90.

Gentex (NASDAQ:GNTX) last posted 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 period in the prior year, the firm earned $0.50 EPS. On average, sell-side analysts expect that Gentex will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.94%. Gentex’s dividend payout ratio is presently 27.27%.

About Gentex

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.