B. Riley Issues Positive Forecast for Gentex Earnings

Gentex Corporation (NASDAQ:GNTX - Free Report) - Research analysts at B. Riley upped their Q2 2025 earnings estimates for Gentex in a report released on Monday, July 21st. B. Riley analyst J. Nichols now forecasts that the auto parts company will earn $0.33 per share for the quarter, up from their prior estimate of $0.32. The consensus estimate for Gentex's current full-year earnings is $2.04 per share. B. Riley also issued estimates for Gentex's Q3 2025 earnings at $0.44 EPS, FY2025 earnings at $1.61 EPS and FY2026 earnings at $1.71 EPS.

GNTX has been the topic of a number of other reports. Guggenheim lowered their price target on shares of Gentex from $30.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Gentex in a report on Friday, July 11th. Baird R W downgraded shares of Gentex from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Industrial Alliance Securities set a $25.00 price objective on shares of Gentex in a report on Friday, July 11th. Finally, Robert W. Baird increased their price objective on shares of Gentex from $25.00 to $26.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Gentex has an average rating of "Hold" and an average target price of $28.28.

Gentex Stock Performance

NASDAQ GNTX traded down $0.26 during mid-day trading on Wednesday, reaching $23.60. 3,883,489 shares of the stock were exchanged, compared to its average volume of 2,298,779. The business's 50 day moving average is $22.27 and its 200-day moving average is $23.54. Gentex has a 1 year low of $20.28 and a 1 year high of $33.05. The company has a market capitalization of $5.31 billion, a P/E ratio of 13.80 and a beta of 0.81.

Gentex (NASDAQ:GNTX - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.43. Gentex had a net margin of 17.01% and a return on equity of 16.11%. The firm had revenue of $576.77 million for the quarter, compared to the consensus estimate of $578.68 million. During the same period in the prior year, the firm posted $0.47 earnings per share. The firm's quarterly revenue was down 2.3% compared to the same quarter last year.

Gentex announced that its board has initiated a share repurchase plan on Wednesday, July 16th that authorizes the company to repurchase 40,000,000 outstanding shares. This repurchase authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Wednesday, July 9th. Gentex's dividend payout ratio (DPR) is presently 28.07%.

Insider Buying and Selling

In other Gentex news, Director Joseph B. Anderson, Jr. sold 3,764 shares of Gentex stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $22.87, for a total transaction of $86,082.68. Following the transaction, the director directly owned 5,939 shares of the company's stock, valued at $135,824.93. The trade was a 38.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gentex

Institutional investors have recently bought and sold shares of the company. LPL Financial LLC raised its stake in shares of Gentex by 31.6% in the 4th quarter. LPL Financial LLC now owns 189,254 shares of the auto parts company's stock valued at $5,437,000 after acquiring an additional 45,475 shares during the period. Principal Financial Group Inc. raised its stake in shares of Gentex by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 523,489 shares of the auto parts company's stock valued at $12,197,000 after acquiring an additional 1,923 shares during the period. Marshall Wace LLP purchased a new stake in shares of Gentex in the 4th quarter valued at approximately $10,868,000. Asset Management One Co. Ltd. raised its stake in shares of Gentex by 5.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 219,454 shares of the auto parts company's stock valued at $5,113,000 after acquiring an additional 12,168 shares during the period. Finally, Praxis Investment Management Inc. purchased a new stake in shares of Gentex in the 1st quarter valued at approximately $359,000. 86.76% of the stock is owned by hedge funds and other institutional investors.

About Gentex

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, Republic of Korea, 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.