Gentex Corporation (NASDAQ:GNTX) Receives $28.29 Average PT from Analysts

Shares of Gentex Corporation (NASDAQ:GNTX) have received a consensus rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $28.2857.

GNTX has been the topic of several analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $29.00 target price (up previously from $28.00) on shares of Gentex in a report on Monday, October 6th. The Goldman Sachs Group set a $27.00 price target on shares of Gentex and gave the company a “neutral” rating in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gentex in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Gentex from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Finally, Zacks Research lowered Gentex from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th.

Gentex Trading Down 0.3%

Shares of GNTX opened at $23.32 on Monday. The stock has a market cap of $5.10 billion, a PE ratio of 13.71 and a beta of 0.78. Gentex has a 1 year low of $20.28 and a 1 year high of $29.52. The stock has a 50 day simple moving average of $23.56 and a 200-day simple moving average of $24.98.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, October 24th. The auto parts company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). Gentex had a net margin of 15.61% and a return on equity of 15.86%. The company had revenue of $570.32 million during the quarter, compared to analyst estimates of $661.10 million. During the same period in the prior year, the firm earned $0.53 EPS. Gentex’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts forecast that Gentex will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Wednesday, January 7th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, January 7th. Gentex’s dividend payout ratio is presently 28.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GNTX. Hsbc Holdings PLC acquired a new position in Gentex in the first quarter valued at $700,000. Jump Financial LLC acquired a new stake in Gentex during the 1st quarter worth about $3,803,000. OMERS ADMINISTRATION Corp bought a new position in shares of Gentex in the 1st quarter worth about $1,694,000. Aurora Investment Counsel acquired a new position in shares of Gentex in the 2nd quarter valued at about $534,000. Finally, Northern Trust Corp boosted its position in shares of Gentex by 1.2% during the 1st quarter. Northern Trust Corp now owns 2,263,118 shares of the auto parts company’s stock valued at $52,731,000 after purchasing an additional 26,400 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Company Profile

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).