Gentex Corporation (GNTX) - What Are Analysts Saying About This Stock?

Key Points

• Analysts rate Gentex “Hold” on average: Six of eight analysts recommend holding, with one sell and one buy; the average 12-month price target is $23.08.
• Gentex’s latest quarter fell short of estimates, reporting EPS of $0.47 versus $0.50 expected and revenue of $647.71 million versus $669.69 million expected. Revenue declined 1.1% year over year.
• The company pays a quarterly dividend of $0.12, equivalent to $0.48 annually and a 2.5% yield.

Shares of Gentex Corporation (NASDAQ:GNTX - Get Free Report) have been given an average recommendation of "Hold" by the eight ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $23.08.

A number of equities research analysts have recently commented on GNTX shares. UBS Group reiterated a "neutral" rating and issued a $21.00 target price (down from $24.00) on shares of Gentex in a research report on Monday, October 26th. Freedom Capital downgraded shares of Gentex from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. BNP Paribas Exane lowered their price target on shares of Gentex from $23.00 to $22.50 and set a "hold" rating on the stock in a research report on Monday, October 26th. B. Riley Financial dropped their price objective on shares of Gentex from $29.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, October 26th. Finally, Weiss Ratings cut shares of Gentex from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, October 8th.

Gentex Trading Up 0.8%

NASDAQ:GNTX opened at $19.58 on Thursday. Gentex has a 12 month low of $19.24 and a 12 month high of $26.48. The stock has a 50 day moving average of $21.42 and a two-hundred day moving average of $22.95. The firm has a market cap of $4.02 billion, a P/E ratio of 10.53 and a beta of 0.85.

Gentex (NASDAQ:GNTX - Get Free Report) last issued its quarterly earnings results on Friday, October 23rd. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.03). Gentex had a return on equity of 16.67% and a net margin of 15.15%. The firm had revenue of $647.71 million during the quarter, compared to analyst estimates of $669.69 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The business's revenue was down 1.1% on a year-over-year basis. On average, research analysts forecast that Gentex will post 2.02 earnings per share for the current year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Wednesday, October 7th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, October 7th. Gentex's dividend payout ratio (DPR) is 25.81%.

Institutional Investors Weigh In On Gentex

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE purchased a new stake in Gentex in the 2nd quarter valued at $29,155,000. MAC Alpha Capital Management LP increased its stake in shares of Gentex by 36.0% in the 2nd quarter. MAC Alpha Capital Management LP now owns 416,657 shares of the auto parts company's stock worth $10,530,000 after acquiring an additional 110,300 shares during the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of Gentex by 25,026.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 188,450 shares of the auto parts company's stock worth $4,118,000 after acquiring an additional 187,700 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Gentex during the 2nd quarter worth $1,533,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Gentex during the 2nd quarter worth $3,715,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Company Profile

Gentex Corporation is a technology company headquartered in Zeeland, Michigan. It develops and manufactures products primarily for the global automotive industry, including automatic-dimming rearview and exterior mirrors, camera-based visibility systems, and other electronic features for vehicles. Its automotive offerings also include HomeLink, a vehicle-based wireless control system for compatible garage doors, gates, and home devices. Gentex supplies automakers around the world and works with customers to integrate its products into new vehicles.

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