Gentex Co. (NASDAQ:GNTX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Gentex Co. (NASDAQ:GNTXGet Rating) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $31.40.

Several research analysts recently weighed in on GNTX shares. Guggenheim reduced their price target on Gentex to $33.00 in a research report on Monday, July 25th. StockNews.com cut Gentex from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. TheStreet cut Gentex from a “b-” rating to a “c” rating in a research report on Friday, July 22nd. Bank of America reduced their price target on Gentex from $31.00 to $30.00 in a research report on Friday, September 9th. Finally, Seaport Res Ptn reiterated a “buy” rating on shares of Gentex in a research report on Sunday, July 31st.

Hedge Funds Weigh In On Gentex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KRS Capital Management LLC acquired a new position in shares of Gentex in the 4th quarter valued at $28,000. Wagner Wealth Management LLC acquired a new position in shares of Gentex in the 4th quarter valued at $35,000. Covestor Ltd acquired a new position in shares of Gentex in the 4th quarter valued at $37,000. National Bank of Canada FI lifted its stake in shares of Gentex by 63.1% in the 2nd quarter. National Bank of Canada FI now owns 1,523 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 589 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of Gentex by 77.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,961 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 858 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Gentex Stock Down 0.4 %

Gentex stock opened at $26.18 on Monday. Gentex has a 52 week low of $26.00 and a 52 week high of $37.90. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.28 and a beta of 0.88. The stock has a 50-day moving average price of $27.83 and a 200 day moving average price of $28.57.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Friday, October 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Thursday, October 6th. Gentex’s dividend payout ratio (DPR) is currently 35.56%.

About Gentex

(Get Rating)

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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Analyst Recommendations for Gentex (NASDAQ:GNTX)

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