Uncommon Cents Investing LLC Has $509,000 Position in Gentex Corporation $GNTX

Uncommon Cents Investing LLC lessened its holdings in shares of Gentex Corporation (NASDAQ:GNTX) by 7.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,150 shares of the auto parts company’s stock after selling 1,880 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Gentex were worth $509,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GNTX. Central Pacific Bank Trust Division bought a new stake in shares of Gentex during the first quarter worth about $93,000. GAMMA Investing LLC increased its holdings in Gentex by 2,604.0% during the 1st quarter. GAMMA Investing LLC now owns 138,798 shares of the auto parts company’s stock worth $3,234,000 after purchasing an additional 133,665 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in Gentex by 6.2% during the 1st quarter. 180 Wealth Advisors LLC now owns 69,874 shares of the auto parts company’s stock worth $1,628,000 after purchasing an additional 4,069 shares in the last quarter. NBC Securities Inc. raised its stake in shares of Gentex by 268,600.0% in the first quarter. NBC Securities Inc. now owns 2,687 shares of the auto parts company’s stock worth $62,000 after purchasing an additional 2,686 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Gentex by 208.2% in the first quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 1,093 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GNTX shares. The Goldman Sachs Group reiterated a “neutral” rating on shares of Gentex in a report on Friday, July 11th. Zacks Research lowered shares of Gentex from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Wall Street Zen raised shares of Gentex from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. UBS Group boosted their price target on shares of Gentex from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Robert W. Baird increased their price objective on shares of Gentex from $26.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.63.

Gentex Stock Performance

NASDAQ GNTX opened at $28.90 on Monday. The company has a market capitalization of $6.34 billion, a PE ratio of 16.33 and a beta of 0.85. Gentex Corporation has a 52-week low of $20.28 and a 52-week high of $31.72. The company has a 50-day simple moving average of $27.45 and a 200 day simple moving average of $24.10.

Gentex (NASDAQ:GNTX) last released its earnings results on Friday, July 25th. The auto parts company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. Gentex had a net margin of 16.82% and a return on equity of 16.86%. The firm had revenue of $657.86 million during the quarter, compared to the consensus estimate of $591.94 million. During the same period in the prior year, the firm earned $0.37 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. Gentex has set its FY 2025 guidance at EPS. As a group, analysts forecast that Gentex Corporation will post 2.04 EPS for the current fiscal year.

Gentex declared that its board has authorized a stock repurchase program on Wednesday, July 16th that permits the company to buyback 40,000,000 shares. This buyback authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, October 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. Gentex’s payout ratio is presently 27.12%.

Gentex 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.