Gentex Co. (NASDAQ:GNTX) Shares Purchased by Bridgefront Capital LLC

Bridgefront Capital LLC grew its stake in shares of Gentex Co. (NASDAQ:GNTX) by 55.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,170 shares of the auto parts company’s stock after buying an additional 5,043 shares during the period. Bridgefront Capital LLC’s holdings in Gentex were worth $407,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GNTX. Midwest Capital Advisors LLC acquired a new stake in Gentex during the fourth quarter worth about $26,000. TD Private Client Wealth LLC grew its holdings in shares of Gentex by 138.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 662 shares during the period. Synergy Asset Management LLC purchased a new position in Gentex in the fourth quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Gentex by 32.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after buying an additional 593 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Gentex during the fourth quarter worth approximately $96,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Gentex Stock Down 0.6 %

Shares of NASDAQ GNTX opened at $21.49 on Wednesday. Gentex Co. has a fifty-two week low of $20.28 and a fifty-two week high of $35.33. The business has a 50 day moving average price of $22.84 and a two-hundred day moving average price of $26.49. The firm has a market cap of $4.86 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.84 and a beta of 0.85.

Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Friday, April 25th. The auto parts company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. Gentex had a net margin of 17.49% and a return on equity of 16.74%. The business had revenue of $576.77 million during the quarter, compared to the consensus estimate of $578.68 million. During the same quarter last year, the company earned $0.47 earnings per share. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 2.23%. Gentex’s payout ratio is 28.07%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GNTX. UBS Group cut their target price on shares of Gentex from $29.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Baird R W cut Gentex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Robert W. Baird reiterated a “neutral” rating and set a $25.00 target price (down from $31.00) on shares of Gentex in a report on Tuesday, April 15th. Finally, Guggenheim decreased their price target on Gentex from $30.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.31.

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.