Analysts Set Gentex Co. (NASDAQ:GNTX) Price Target at $28.31

Shares of Gentex Co. (NASDAQ:GNTX) have been assigned an average rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $28.31.

Several equities research analysts have recently commented on GNTX shares. Robert W. Baird restated a “neutral” rating and issued a $25.00 price target (down previously from $31.00) on shares of Gentex in a report on Tuesday, April 15th. UBS Group lowered their target price on Gentex from $29.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. B. Riley reiterated a “buy” rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Guggenheim decreased their price objective on Gentex from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, February 3rd.

Gentex Stock Performance

Gentex stock opened at $23.15 on Friday. The company has a market capitalization of $5.20 billion, a PE ratio of 13.15, a P/E/G ratio of 0.84 and a beta of 0.85. The company has a 50 day moving average price of $22.65 and a 200-day moving average price of $26.24. Gentex has a fifty-two week low of $20.28 and a fifty-two week high of $35.32.

Gentex (NASDAQ:GNTX) last issued its earnings results on Friday, April 25th. The auto parts company reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. Gentex had a return on equity of 16.74% and a net margin of 17.49%. The business had revenue of $576.77 million during the quarter, compared to analyst estimates of $578.68 million. During the same period in the previous year, the company posted $0.47 EPS. Gentex’s revenue was down 2.3% on a year-over-year basis. On average, analysts forecast that Gentex will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.07%. Gentex’s payout ratio is 28.07%.

Hedge Funds Weigh In On Gentex

Several hedge funds and other institutional investors have recently modified their holdings of GNTX. Larson Financial Group LLC increased its stake in Gentex by 1,471.0% during the 1st quarter. Larson Financial Group LLC now owns 1,084 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 1,015 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Gentex during the 4th quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. grew its stake in Gentex by 85.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,222 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 563 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Gentex by 305.7% in the first quarter. Brooklyn Investment Group now owns 1,217 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 917 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Gentex by 138.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 662 shares during the period. 86.76% of the stock is owned by hedge funds and other institutional investors.

About Gentex

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.