Gentex (NASDAQ:GNTX) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Gentex (NASDAQ:GNTX) announced its quarterly earnings results on Friday. The auto parts company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01), Briefing.com reports. The firm had revenue of $590.23 million during the quarter, compared to the consensus estimate of $600.38 million. Gentex had a net margin of 18.77% and a return on equity of 19.19%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. Gentex updated its FY 2025 guidance to EPS and its FY 2024 guidance to EPS.

Gentex Stock Down 2.1 %

Gentex stock opened at $34.12 on Tuesday. Gentex has a 12 month low of $25.86 and a 12 month high of $37.58. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 0.73 and a beta of 0.99. The business has a 50 day moving average price of $35.67 and a two-hundred day moving average price of $33.13.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, April 5th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, April 4th. This represents a $0.48 annualized dividend and a yield of 1.41%. Gentex’s dividend payout ratio is 25.40%.

Wall Street Analyst Weigh In

GNTX has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price target on shares of Gentex from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, January 29th. JPMorgan Chase & Co. boosted their price target on Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. B. Riley raised their price objective on Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. StockNews.com cut Gentex from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Guggenheim lifted their price target on shares of Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.83.

Insider Transactions at Gentex

In related news, Director Richard O. Schaum sold 6,022 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $33.93, for a total value of $204,326.46. Following the completion of the transaction, the director now directly owns 62,555 shares of the company’s stock, valued at $2,122,491.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Gentex news, CFO Kevin C. Nash sold 13,500 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total value of $446,040.00. Following the sale, the chief financial officer now directly owns 44,321 shares in the company, valued at $1,464,365.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard O. Schaum sold 6,022 shares of Gentex stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $33.93, for a total value of $204,326.46. Following the transaction, the director now directly owns 62,555 shares of the company’s stock, valued at $2,122,491.15. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Hedge Funds Weigh In On Gentex

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Gentex by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 22,280,716 shares of the auto parts company’s stock worth $727,688,000 after acquiring an additional 163,373 shares in the last quarter. Wellington Management Group LLP raised its position in Gentex by 27.9% in the 4th quarter. Wellington Management Group LLP now owns 8,728,378 shares of the auto parts company’s stock valued at $285,069,000 after purchasing an additional 1,905,356 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in Gentex by 8.5% in the fourth quarter. Burgundy Asset Management Ltd. now owns 4,169,029 shares of the auto parts company’s stock worth $136,160,000 after purchasing an additional 325,687 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 worth $108,227,000 after purchasing an additional 1,217,278 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Gentex during the fourth quarter worth $89,843,000. 86.76% of the stock is owned by institutional investors.

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.