Gentex (NASDAQ:GNTX) Hits New 52-Week Low – Time to Sell?

Gentex Co. (NASDAQ:GNTX)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $28.22 and last traded at $28.26, with a volume of 559455 shares changing hands. The stock had previously closed at $28.73.

Analyst Ratings Changes

GNTX has been the subject of a number of analyst reports. Robert W. Baird raised their price objective on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Guggenheim cut their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. The Goldman Sachs Group lowered their price objective on Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Finally, Bank of America cut their target price on Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.13.

Gentex Stock Down 0.2 %

The stock has a market cap of $6.38 billion, a P/E ratio of 14.99, a PEG ratio of 1.08 and a beta of 0.91. The stock has a fifty day simple moving average of $30.02 and a 200-day simple moving average of $30.68.

Gentex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.71%. Gentex’s dividend payout ratio (DPR) is currently 25.67%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Lindenwold Advisors INC lifted its position in shares of Gentex by 2.8% in the third quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock worth $372,000 after purchasing an additional 347 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Gentex by 5.8% in the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock valued at $221,000 after purchasing an additional 408 shares in the last quarter. United Services Automobile Association increased its holdings in Gentex by 2.5% during the second quarter. United Services Automobile Association now owns 17,447 shares of the auto parts company’s stock worth $588,000 after buying an additional 427 shares during the last quarter. Intellectus Partners LLC lifted its stake in Gentex by 6.1% in the third quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock valued at $251,000 after acquiring an additional 484 shares during the last quarter. Finally, JLB & Associates Inc. lifted its stake in Gentex by 2.1% in the third quarter. JLB & Associates Inc. now owns 24,031 shares of the auto parts company’s stock valued at $713,000 after acquiring an additional 490 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Gentex Company Profile

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, Republic of Korea, 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.