Gentex (GNTX) – Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Gentex (NASDAQ: GNTX):

  • 7/31/2022 – Gentex had its “buy” rating reaffirmed by analysts at Seaport Res Ptn.
  • 7/29/2022 – Gentex was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 7/25/2022 – Gentex had its price target lowered by analysts at Jefferies Financial Group Inc. from $36.00 to $33.00. They now have a “maintains” rating on the stock.
  • 7/25/2022 – Gentex had its price target lowered by analysts at B. Riley from $37.50 to $35.00. They now have a “buy” rating on the stock.
  • 7/25/2022 – Gentex had its price target lowered by analysts at Guggenheim to $33.00.
  • 7/22/2022 – Gentex was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.

Gentex Stock Up 1.3 %

NASDAQ GNTX opened at $28.25 on Thursday. The company has a fifty day moving average of $28.73 and a two-hundred day moving average of $29.42. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.60 and a beta of 0.88. Gentex Co. has a 52 week low of $26.16 and a 52 week high of $37.90.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 20th. Shareholders of record on Friday, July 8th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.70%. The ex-dividend date was Thursday, July 7th. Gentex’s payout ratio is 35.56%.

Insiders Place Their Bets

In other news, Director Gary F. Goode sold 2,845 shares of the business’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $30.17, for a total transaction of $85,833.65. Following the completion of the sale, the director now directly owns 27,861 shares of the company’s stock, valued at $840,566.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

Institutional Trading of Gentex

A number of large investors have recently made changes to their positions in the stock. KRS Capital Management LLC purchased a new stake in Gentex in the fourth quarter worth about $28,000. National Bank of Canada FI purchased a new stake in Gentex in the fourth quarter worth about $30,000. Benjamin Edwards Inc. purchased a new stake in Gentex in the fourth quarter worth about $33,000. Wagner Wealth Management LLC bought a new position in Gentex in the fourth quarter worth about $35,000. Finally, Covestor Ltd bought a new position in Gentex in the fourth quarter worth about $37,000. 86.24% of the stock is owned by hedge funds and other institutional investors.

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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