Bank of America Corp DE Has $32.93 Million Position in Gentex Corporation $GNTX

Key Points

• Bank of America increased its Gentex position by 43.3% in the first quarter, acquiring 455,409 additional shares and bringing its holdings to 1.51 million shares valued at $32.93 million.
• Gentex reported quarterly EPS of $0.58, beating estimates of $0.50, although revenue declined 1% year over year to $651.3 million and fell short of expectations.
• The company pays a quarterly dividend of $0.12 per share, equivalent to a 2.0% yield, while analysts maintain a consensus “Hold” rating with an average price target of $26.80.

Bank of America Corp DE raised its position in Gentex Corporation (NASDAQ:GNTX - Free Report) by 43.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,507,052 shares of the auto parts company's stock after purchasing an additional 455,409 shares during the quarter. Bank of America Corp DE owned 0.71% of Gentex worth $32,929,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Edgestream Partners L.P. lifted its holdings in shares of Gentex by 523.6% during the first quarter. Edgestream Partners L.P. now owns 199,771 shares of the auto parts company's stock worth $4,365,000 after purchasing an additional 167,736 shares during the period. South Dakota Investment Council increased its holdings in Gentex by 22.0% in the first quarter. South Dakota Investment Council now owns 421,137 shares of the auto parts company's stock valued at $9,202,000 after purchasing an additional 75,996 shares during the period. Amundi acquired a new stake in Gentex in the first quarter valued at $601,000. Parvin Asset Management LLC raised its position in Gentex by 2.9% during the 1st quarter. Parvin Asset Management LLC now owns 44,720 shares of the auto parts company's stock worth $977,000 after purchasing an additional 1,240 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Gentex by 69.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,142 shares of the auto parts company's stock worth $69,000 after purchasing an additional 1,283 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Gentex Price Performance

NASDAQ GNTX opened at $23.87 on Friday. The stock has a market capitalization of $5.08 billion, a P/E ratio of 12.63 and a beta of 0.79. The business has a 50 day simple moving average of $24.43 and a 200 day simple moving average of $23.50. Gentex Corporation has a one year low of $20.48 and a one year high of $29.38.

Gentex (NASDAQ:GNTX - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The auto parts company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. The firm had revenue of $651.30 million for the quarter, compared to analyst estimates of $669.65 million. Gentex had a return on equity of 16.78% and a net margin of 15.50%.The company's revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. Equities analysts expect that Gentex Corporation will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $0.48 annualized dividend and a yield of 2.0%. Gentex's dividend payout ratio is currently 25.40%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. B. Riley Financial reiterated a "buy" rating and issued a $29.00 price target (up from $28.00) on shares of Gentex in a research report on Monday, April 27th. JPMorgan Chase & Co. lowered their price objective on Gentex from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Monday, August 10th. UBS Group reaffirmed a "neutral" rating and issued a $25.00 price objective (down from $26.00) on shares of Gentex in a research note on Thursday, July 9th. Robert W. Baird upped their target price on Gentex from $25.00 to $26.00 and gave the company a "neutral" rating in a report on Monday, April 27th. Finally, Weiss Ratings raised shares of Gentex from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Gentex presently has a consensus rating of "Hold" and a consensus target price of $26.80.

More Gentex News

Here are the key news stories impacting Gentex this week:

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to $1.99 from $1.91, reflecting higher estimates for both the third quarter, now $0.51 versus $0.49, and fourth quarter, now $0.48 versus $0.47. The improvement provides a positive signal for Gentex’s near-term earnings outlook.
• Positive Sentiment: The firm also lifted its FY2027 EPS forecast to $2.15 from $2.13, with the third-quarter estimate increasing to $0.60 from $0.55 and the fourth-quarter estimate rising to $0.53 from $0.49.
• Positive Sentiment: Gentex’s current-year outlook remains close to the broader analyst consensus of $2.02 per share. The company’s relatively low P/E ratio of about 12.6 may also make the stock more responsive to signs of improving earnings expectations.
• Neutral Sentiment: The revisions were not uniformly positive. Zacks increased its Q2 2028 EPS forecast to $0.69 from $0.67, but maintained its FY2028 forecast at $2.56 after separately lowering it from $2.60, indicating modestly softer long-term expectations.
• Negative Sentiment: Estimates for Q1 2027 were reduced to $0.48 from $0.51, Q2 2027 to $0.54 from $0.57, and Q1 2028 to $0.57 from $0.62. These cuts could limit the stock’s upside by raising concerns about uneven growth in some future periods.

Gentex Company Profile

Gentex Corporation NASDAQ: GNTX is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company's primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world's leading original equipment manufacturers (OEMs).

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