Gentex Co. (NASDAQ:GNTX)‘s stock had its “positive” rating reissued by equities researchers at BMO Capital Markets in a report issued on Friday. They currently have a $25.00 target price on the auto parts company’s stock. BMO Capital Markets’ target price suggests a potential upside of 20.54% from the stock’s previous close.
A number of other research firms have also weighed in on GNTX. Zacks Investment Research lowered Gentex from a “hold” rating to a “sell” rating in a research report on Monday, December 26th. FBR & Co increased their price target on Gentex from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, January 13th. Wellington Shields lowered Gentex from a “buy” rating to an “accumulate” rating in a research report on Friday, January 27th. KeyCorp restated an “overweight” rating on shares of Gentex in a research report on Monday, January 9th. Finally, Susquehanna Bancshares Inc assumed coverage on Gentex in a research report on Monday, December 19th. They set a “neutral” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.50.
Gentex (NASDAQ:GNTX) traded up 1.92% on Friday, hitting $20.74. 2,295,931 shares of the stock traded hands. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 17.43 and a beta of 0.96. Gentex has a 12-month low of $14.66 and a 12-month high of $22.12. The firm’s 50-day moving average price is $20.98 and its 200-day moving average price is $19.65.
Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Friday, January 27th. The auto parts company reported $0.31 earnings per share for the quarter, missing the Zacks’ 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 company earned $419.91 million during the quarter, compared to analyst estimates of $437.36 million. During the same quarter last year, the business earned $0.30 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that Gentex will post $1.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 19th. Shareholders of record on Friday, April 7th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $0.36 dividend on an annualized basis and a yield of 1.74%. Gentex’s payout ratio is presently 29.75%.
In other news, Director John A. Mulder sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $21.28, for a total transaction of $212,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin C. Nash sold 4,544 shares of the firm’s stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $20.90, for a total value of $94,969.60. Following the sale, the insider now directly owns 31,432 shares of the company’s stock, valued at $656,928.80. The disclosure for this sale can be found here. Insiders have sold a total of 36,720 shares of company stock valued at $770,082 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Reliance Trust Co. of Delaware purchased a new stake in Gentex during the first quarter worth $254,000. Louisiana State Employees Retirement System increased its stake in Gentex by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 72,500 shares of the auto parts company’s stock worth $1,546,000 after buying an additional 1,700 shares during the period. Quadrant Capital Group LLC increased its stake in Gentex by 9.1% in the first quarter. Quadrant Capital Group LLC now owns 5,660 shares of the auto parts company’s stock worth $117,000 after buying an additional 471 shares during the period. Creative Planning increased its stake in Gentex by 3.5% in the first quarter. Creative Planning now owns 15,954 shares of the auto parts company’s stock worth $340,000 after buying an additional 538 shares during the period. Finally, Raymond James Trust N.A. purchased a new stake in Gentex during the first quarter worth $330,000. 83.86% of the stock is owned by institutional investors.
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.