Gentex Co. (GNTX) Director Sells $192,200.00 in Stock

Gentex Co. (NASDAQ:GNTX) Director John A. Mulder sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $19.22, for a total value of $192,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

John A. Mulder also recently made the following trade(s):

  • On Thursday, March 30th, John A. Mulder sold 10,000 shares of Gentex stock. The stock was sold at an average price of $21.28, for a total value of $212,800.00.

Gentex Co. (NASDAQ GNTX) traded down 1.42% during midday trading on Thursday, reaching $18.75. The company’s stock had a trading volume of 425,088 shares. The stock has a market cap of $5.39 billion, a P/E ratio of 15.12 and a beta of 0.96. The stock’s 50 day moving average is $19.67 and its 200 day moving average is $20.26. Gentex Co. has a 12-month low of $14.66 and a 12-month high of $22.12.

Gentex (NASDAQ:GNTX) last released its earnings results on Friday, April 21st. The auto parts company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. The business had revenue of $453.54 million for the quarter, compared to analyst estimates of $444.92 million. Gentex had a return on equity of 19.05% and a net margin of 20.70%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. Analysts anticipate that Gentex Co. will post $1.31 earnings per share for the current year.

Insider Buying and Selling by Quarter for Gentex (NASDAQ:GNTX)

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 19th. Investors of record on Thursday, July 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, July 3rd. This is an increase from Gentex’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.10%. Gentex’s payout ratio is 29.75%.

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Several hedge funds have recently bought and sold shares of the stock. Provident Investment Management Inc. acquired a new stake in Gentex during the first quarter worth $24,307,000. Janus Capital Management LLC increased its stake in Gentex by 72.0% in the first quarter. Janus Capital Management LLC now owns 149,902 shares of the auto parts company’s stock worth $3,198,000 after buying an additional 62,775 shares during the period. Oak Associates Ltd. OH increased its stake in Gentex by 41.5% in the first quarter. Oak Associates Ltd. OH now owns 206,290 shares of the auto parts company’s stock worth $4,400,000 after buying an additional 60,500 shares during the period. Horizon Investment Services LLC increased its stake in Gentex by 27.7% in the first quarter. Horizon Investment Services LLC now owns 160,713 shares of the auto parts company’s stock worth $3,428,000 after buying an additional 34,901 shares during the period. Finally, HighTower Advisors LLC increased its stake in Gentex by 14.0% in the first quarter. HighTower Advisors LLC now owns 245,850 shares of the auto parts company’s stock worth $5,247,000 after buying an additional 30,271 shares during the period. Hedge funds and other institutional investors own 83.86% of the company’s stock.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Gentex from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Wednesday, April 26th. Wellington Shields lowered Gentex from a “gradually accumulate” rating to a “hold” rating in a research report on Thursday, May 4th. Finally, BMO Capital Markets restated a “positive” rating and issued a $25.00 price objective on shares of Gentex in a research report on Friday, March 24th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $23.10.

Gentex Company Profile

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:GNTX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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