Gentex Co. (NASDAQ:GNTX) hit a new 52-week high during trading on Thursday . The stock traded as high as $24.96 and last traded at $24.95, with a volume of 80219 shares. The stock had previously closed at $24.37.
GNTX has been the subject of several research analyst reports. BidaskClub raised Gentex from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Zacks Investment Research raised Gentex from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, May 16th. ValuEngine raised Gentex from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets lowered their target price on Gentex from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, April 2nd. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.28.
The stock has a market cap of $6.38 billion, a P/E ratio of 15.41, a P/E/G ratio of 2.47 and a beta of 1.15. The company has a fifty day moving average price of $22.88.
Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Wednesday, April 24th. The auto parts company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The company had revenue of $468.60 million for the quarter, compared to analysts’ expectations of $463.79 million. Gentex had a return on equity of 23.03% and a net margin of 23.45%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share. On average, research analysts forecast that Gentex Co. will post 1.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Tuesday, July 9th. Gentex’s dividend payout ratio (DPR) is currently 28.40%.
In other news, Director Gary F. Goode sold 5,045 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $23.20, for a total transaction of $117,044.00. Following the sale, the director now directly owns 21,045 shares in the company, valued at $488,244. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have bought 2,009 shares of company stock worth $35,318. Company insiders own 0.37% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Bremer Trust National Association bought a new stake in Gentex in the fourth quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV bought a new stake in Gentex in the first quarter valued at approximately $27,000. Bremer Bank National Association bought a new stake in Gentex in the first quarter valued at approximately $29,000. Icon Wealth Partners LLC bought a new stake in Gentex in the first quarter valued at approximately $31,000. Finally, Lindbrook Capital LLC bought a new stake in Gentex in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 82.60% of the company’s stock.
Gentex Company Profile (NASDAQ:GNTX)
Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.
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