Gentex Co. (NASDAQ:GNTX – Get Rating) has been assigned an average recommendation of "Moderate Buy" from the ten analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $31.40.
A number of research analysts recently issued reports on GNTX shares. The Goldman Sachs Group decreased their target price on Gentex from $26.00 to $25.00 in a report on Wednesday, June 1st. TheStreet lowered Gentex from a "b-" rating to a "c" rating in a report on Friday, July 22nd. Guggenheim decreased their target price on Gentex to $33.00 in a report on Monday, July 25th. StockNews.com lowered Gentex from a "buy" rating to a "hold" rating in a report on Saturday, August 6th. Finally, Seaport Res Ptn reiterated a "buy" rating on shares of Gentex in a report on Sunday, July 31st.
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Institutional Trading of Gentex
A number of institutional investors have recently bought and sold shares of GNTX. KRS Capital Management LLC purchased a new stake in Gentex during the 4th quarter worth about $28,000. Wagner Wealth Management LLC purchased a new stake in shares of Gentex in the 2nd quarter valued at about $28,000. Covestor Ltd purchased a new stake in shares of Gentex in the 4th quarter valued at about $37,000. National Bank of Canada FI lifted its holdings in shares of Gentex by 63.1% in the 2nd quarter. National Bank of Canada FI now owns 1,523 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 589 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Gentex by 77.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,961 shares of the auto parts company's stock valued at $54,000 after purchasing an additional 858 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.
Gentex Stock Down 2.2 %
GNTX stock opened at $24.57 on Monday. The business has a fifty day moving average of $27.59 and a two-hundred day moving average of $28.47. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.20 and a beta of 0.88. Gentex has a 52-week low of $24.20 and a 52-week high of $37.90.
Gentex Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Friday, October 7th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, October 6th. Gentex's dividend payout ratio (DPR) is 35.56%.
About Gentex
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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, 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.
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