Research Analysts’ Weekly Ratings Changes for Gentex (GNTX)

A number of firms have modified their ratings and price targets on shares of Gentex (NASDAQ: GNTX) recently:

  • 1/31/2024 – Gentex was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 1/29/2024 – Gentex had its price target raised by analysts at The Goldman Sachs Group, Inc. from $31.00 to $35.00. They now have a “neutral” rating on the stock.
  • 1/29/2024 – Gentex had its price target raised by analysts at B. Riley from $36.00 to $42.00. They now have a “buy” rating on the stock.
  • 1/25/2024 – Gentex had its price target raised by analysts at JPMorgan Chase & Co. from $36.00 to $37.00. They now have a “neutral” rating on the stock.
  • 1/23/2024 – Gentex was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 1/4/2024 – Gentex was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 12/25/2023 – Gentex was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Gentex Stock Down 0.5 %

Gentex stock opened at $35.16 on Tuesday. Gentex Co. has a 52-week low of $25.77 and a 52-week high of $35.44. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 0.94 and a beta of 0.97. The firm’s fifty day moving average is $32.54 and its 200 day moving average is $31.90.

Gentex (NASDAQ:GNTXGet Free Report) last posted its quarterly earnings data on Friday, January 26th. The auto parts company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Gentex had a net margin of 18.63% and a return on equity of 19.25%. The business had revenue of $589.13 million for the quarter, compared to analysts’ expectations of $563.42 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. The business’s revenue was up 19.3% compared to the same quarter last year. On average, equities research analysts anticipate that Gentex Co. will post 2.17 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 17th. Shareholders of record on Friday, January 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, January 4th. Gentex’s dividend payout ratio (DPR) is 26.09%.

Insider Buying and Selling at Gentex

In other Gentex news, Director Richard O. Schaum sold 6,022 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $33.93, for a total transaction of $204,326.46. Following the transaction, the director now owns 62,555 shares in the company, valued at $2,122,491.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Merit Financial Group LLC purchased a new stake in shares of Gentex during the third quarter valued at about $618,000. New York Life Investment Management LLC boosted its holdings in shares of Gentex by 112.3% in the 3rd quarter. New York Life Investment Management LLC now owns 24,876 shares of the auto parts company’s stock valued at $809,000 after buying an additional 13,161 shares in the last quarter. Jump Financial LLC boosted its holdings in shares of Gentex by 130.7% in the 3rd quarter. Jump Financial LLC now owns 123,805 shares of the auto parts company’s stock valued at $4,029,000 after buying an additional 70,138 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Gentex by 149.7% in the 3rd quarter. SG Americas Securities LLC now owns 60,315 shares of the auto parts company’s stock valued at $1,963,000 after buying an additional 36,159 shares in the last quarter. Finally, Foyston Gordon & Payne Inc boosted its holdings in shares of Gentex by 2.3% in the 2nd quarter. Foyston Gordon & Payne Inc now owns 258,914 shares of the auto parts company’s stock valued at $7,576,000 after buying an additional 5,734 shares in the last quarter. 84.60% of the stock is currently owned by 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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