Gentex Co. (NASDAQ:GNTX - Free Report) - B. Riley dropped their FY2025 earnings per share estimates for shares of Gentex in a note issued to investors on Monday, April 28th. B. Riley analyst J. Nichols now anticipates that the auto parts company will post earnings of $1.59 per share for the year, down from their prior estimate of $1.89. B. Riley has a "Buy" rating and a $32.50 price target on the stock. The consensus estimate for Gentex's current full-year earnings is $2.04 per share. B. Riley also issued estimates for Gentex's FY2026 earnings at $1.69 EPS.
Gentex (NASDAQ:GNTX - Get Free Report) last posted its earnings results on Friday, April 25th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $576.77 million for the quarter, compared to the consensus estimate of $578.68 million. Gentex had a return on equity of 16.74% and a net margin of 17.49%. The business's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 earnings per share.
Several other equities analysts have also recently commented on the company. JPMorgan Chase & Co. reduced their target price on Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Robert W. Baird reiterated a "neutral" rating and set a $25.00 target price (down from $31.00) on shares of Gentex in a research report on Tuesday, April 15th. UBS Group lowered their price objective on shares of Gentex from $29.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Baird R W cut Gentex from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group dropped their price target on Gentex from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $28.31.
Read Our Latest Report on Gentex
Gentex Trading Down 0.6 %
Shares of Gentex stock traded down $0.14 on Thursday, reaching $21.48. The stock had a trading volume of 739,294 shares, compared to its average volume of 1,730,282. Gentex has a 1 year low of $20.28 and a 1 year high of $35.33. The company has a market cap of $4.86 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 0.84 and a beta of 0.85. The business's 50 day moving average is $22.90 and its two-hundred day moving average is $26.53.
Gentex Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued a $0.12 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $0.48 annualized dividend and a yield of 2.23%. Gentex's dividend payout ratio (DPR) is presently 28.07%.
Hedge Funds Weigh In On Gentex
Several hedge funds and other institutional investors have recently modified their holdings of GNTX. Larson Financial Group LLC raised its holdings in Gentex by 1,471.0% in the first quarter. Larson Financial Group LLC now owns 1,084 shares of the auto parts company's stock worth $25,000 after purchasing an additional 1,015 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in Gentex in the 4th quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. lifted its position in Gentex by 85.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,222 shares of the auto parts company's stock valued at $28,000 after acquiring an additional 563 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in Gentex by 138.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company's stock valued at $33,000 after purchasing an additional 662 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new stake in shares of Gentex in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 86.76% of the company's stock.
About Gentex
(
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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.
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