Gentex Co. (NASDAQ:GNTX)‘s stock had its “positive” rating reissued by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Friday. They presently have a $25.00 price objective on the stock. BMO Capital Markets’ target price would suggest a potential upside of 19.33% from the stock’s previous close.
Several other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Gentex from a “hold” rating to a “sell” rating in a research note on Monday, December 26th. KeyCorp reiterated an “overweight” rating on shares of Gentex in a research note on Monday, January 9th. Wellington Shields lowered shares of Gentex from a “buy” rating to an “accumulate” rating in a research note on Friday, January 27th. FBR & Co boosted their target price on shares of Gentex from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, January 13th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $21.50 target price on shares of Gentex in a research note on Tuesday, January 31st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $22.50.
Gentex (NASDAQ:GNTX) opened at 20.95 on Friday. The firm’s 50-day moving average is $21.08 and its 200 day moving average is $19.28. Gentex has a 12-month low of $14.66 and a 12-month high of $22.12. The stock has a market capitalization of $6.02 billion, a P/E ratio of 17.61 and a beta of 0.96.
Gentex (NASDAQ:GNTX) last released its earnings results on Friday, January 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.01. Gentex had a net margin of 20.70% and a return on equity of 19.05%. The business had revenue of $419.90 million for the quarter. During the same period last year, the firm posted $0.30 EPS. Gentex’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Gentex will post $1.31 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 19th. Stockholders of record on Friday, April 7th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $0.36 annualized dividend and a dividend yield of 1.72%. Gentex’s dividend payout ratio is currently 29.75%.
In other news, insider Kevin C. Nash sold 4,544 shares of the company’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $20.90, for a total transaction of $94,969.60. Following the completion of the transaction, the insider now owns 31,432 shares in the company, valued at $656,928.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven R. Downing sold 10,176 shares of the company’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $20.75, for a total transaction of $211,152.00. Following the transaction, the chief financial officer now owns 46,125 shares of the company’s stock, valued at approximately $957,093.75. The disclosure for this sale can be found here. Insiders have sold 26,720 shares of company stock valued at $557,282 in the last 90 days. Insiders own 2.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in GNTX. Great West Life Assurance Co. Can raised its position in Gentex by 0.9% in the third quarter. Great West Life Assurance Co. Can now owns 247,793 shares of the company’s stock valued at $4,349,000 after buying an additional 2,210 shares in the last quarter. American Capital Management Inc. purchased a new position in Gentex during the third quarter valued at approximately $41,181,000. Commonwealth Equity Services Inc raised its position in Gentex by 4.9% in the third quarter. Commonwealth Equity Services Inc now owns 41,878 shares of the company’s stock valued at $735,000 after buying an additional 1,967 shares in the last quarter. Grimes & Company Inc. raised its position in Gentex by 0.4% in the third quarter. Grimes & Company Inc. now owns 305,222 shares of the company’s stock valued at $5,360,000 after buying an additional 1,342 shares in the last quarter. Finally, Kirr Marbach & Co. LLC IN raised its position in Gentex by 0.6% in the third quarter. Kirr Marbach & Co. LLC IN now owns 646,976 shares of the company’s stock valued at $11,361,000 after buying an additional 3,752 shares in the last quarter. Institutional investors and hedge funds own 83.86% of the company’s stock.
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.
Receive News & Ratings for Gentex Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentex Co. and related companies with MarketBeat.com's FREE daily email newsletter.