Gentex Co. (NASDAQ:GNTX) Director James A. Hollars Sells 4,416 Shares of Stock

Gentex Co. (NASDAQ:GNTX – Get Rating) Director James A. Hollars sold 4,416 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $28.27, for a total value of $124,840.32. Following the sale, the director now owns 36,149 shares of the company’s stock, valued at $1,021,932.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Gentex Price Performance

Shares of Gentex stock opened at $27.64 on Tuesday. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 0.81 and a beta of 0.92. Gentex Co. has a 52-week low of $23.28 and a 52-week high of $31.48. The stock has a 50-day simple moving average of $27.34 and a 200-day simple moving average of $27.89.

Gentex (NASDAQ:GNTX – Get Rating) last announced its quarterly earnings results on Friday, April 28th. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $550.76 million during the quarter, compared to analyst estimates of $529.59 million. Gentex had a return on equity of 16.02% and a net margin of 16.43%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 EPS. As a group, equities research analysts predict that Gentex Co. will post 1.66 earnings per share for the current year.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 19th. Stockholders of record on Friday, April 7th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, April 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.74%. Gentex’s dividend payout ratio is 34.04%.

Analysts Set New Price Targets

A number of equities research analysts have commented on GNTX shares. StockNews.com started coverage on Gentex in a research report on Thursday, May 18th. They set a “buy” rating for the company. TheStreet upgraded Gentex from a “c+” rating to a “b” rating in a research report on Friday, January 27th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Treasurer of the State of North Carolina raised its stake in shares of Gentex by 1.3% in the 3rd quarter. Treasurer of the State of North Carolina now owns 100,684 shares of the auto parts company’s stock valued at $2,400,000 after acquiring an additional 1,300 shares in the last quarter. Simplicity Solutions LLC raised its stake in shares of Gentex by 51.7% in the 4th quarter. Simplicity Solutions LLC now owns 19,150 shares of the auto parts company’s stock valued at $522,000 after acquiring an additional 6,530 shares in the last quarter. Simmons Bank bought a new position in shares of Gentex in the 4th quarter valued at approximately $205,000. Gamco Investors INC. ET AL raised its stake in shares of Gentex by 1.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 212,860 shares of the auto parts company’s stock valued at $5,075,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of Gentex by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 309,186 shares of the auto parts company’s stock valued at $8,432,000 after acquiring an additional 1,358 shares in the last quarter. 83.80% of the stock is owned by institutional investors.

About Gentex

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Gentex Corp. is a technology company, which engages in the design, development, and manufacture and supply of digital vision, connected car, dimmable glass, and fire protection products. It operates through the Automotive Products and Other segments. The Automotive Products segment operates in virtually all the foregoing facilities.