Gentex Corporation $GNTX Stock Holdings Lessened by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its stake in Gentex Corporation (NASDAQ:GNTX) by 27.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,713 shares of the auto parts company’s stock after selling 2,570 shares during the period. Farther Finance Advisors LLC’s holdings in Gentex were worth $148,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GNTX. GAMMA Investing LLC lifted its holdings in shares of Gentex by 2,604.0% in the first quarter. GAMMA Investing LLC now owns 138,798 shares of the auto parts company’s stock valued at $3,234,000 after purchasing an additional 133,665 shares in the last quarter. NBC Securities Inc. lifted its holdings in shares of Gentex by 268,600.0% in the first quarter. NBC Securities Inc. now owns 2,687 shares of the auto parts company’s stock valued at $62,000 after purchasing an additional 2,686 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Gentex by 208.2% in the first quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 1,093 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Gentex by 3.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 69,917 shares of the auto parts company’s stock valued at $1,629,000 after purchasing an additional 2,121 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Gentex by 102.9% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,908 shares of the auto parts company’s stock valued at $114,000 after purchasing an additional 2,489 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GNTX. Zacks Research downgraded shares of Gentex from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Robert W. Baird upped their price target on shares of Gentex from $26.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. UBS Group upped their price target on shares of Gentex from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. The Goldman Sachs Group set a $32.00 price target on shares of Gentex in a research note on Monday. Finally, B. Riley upped their price target on shares of Gentex from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Gentex presently has an average rating of “Hold” and an average price target of $29.75.

Gentex Stock Down 0.4%

NASDAQ:GNTX opened at $27.84 on Friday. Gentex Corporation has a 12-month low of $20.28 and a 12-month high of $31.48. The firm has a market capitalization of $6.11 billion, a PE ratio of 15.73 and a beta of 0.84. The firm has a 50-day moving average price of $27.82 and a 200 day moving average price of $24.21.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, July 25th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.08. The firm had revenue of $657.86 million during the quarter, compared to analyst estimates of $591.94 million. Gentex had a net margin of 16.82% and a return on equity of 16.86%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 earnings per share. Gentex has set its FY 2025 guidance at EPS. On average, research analysts expect that Gentex Corporation will post 2.04 EPS for the current year.

Gentex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.7%. Gentex’s dividend payout ratio (DPR) is presently 27.12%.

Gentex declared that its Board of Directors has authorized a share repurchase program on Wednesday, July 16th that permits the company to buyback 40,000,000 outstanding shares. This buyback authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.