Counterpoint Mutual Funds LLC Invests $315,000 in Gentex Corporation $GNTX

Key Points

• Counterpoint Mutual Funds LLC invested approximately $315,000 in Gentex Corporation, acquiring 14,305 shares during the second quarter.
• The company reported earnings of $0.47 per share for the last quarter, surpassing the expected $0.39 by $0.08, along with a revenue of $657.86 million.
• Gentex recently declared a quarterly dividend of $0.12 to be paid on October 22nd, representing an annualized yield of 1.7%.

Counterpoint Mutual Funds LLC bought a new position in shares of Gentex Corporation (NASDAQ:GNTX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,305 shares of the auto parts company's stock, valued at approximately $315,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Gentex by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,622,237 shares of the auto parts company's stock worth $37,798,000 after purchasing an additional 62,137 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Gentex by 0.4% during the first quarter. Principal Financial Group Inc. now owns 523,489 shares of the auto parts company's stock worth $12,197,000 after purchasing an additional 1,923 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Gentex by 5.9% during the first quarter. Asset Management One Co. Ltd. now owns 219,454 shares of the auto parts company's stock worth $5,113,000 after purchasing an additional 12,168 shares in the last quarter. Praxis Investment Management Inc. purchased a new stake in shares of Gentex during the first quarter worth about $359,000. Finally, Speece Thorson Capital Group Inc. increased its stake in shares of Gentex by 18.3% during the first quarter. Speece Thorson Capital Group Inc. now owns 682,684 shares of the auto parts company's stock worth $15,907,000 after purchasing an additional 105,446 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company's stock.

Gentex Price Performance

NASDAQ:GNTX opened at $28.29 on Thursday. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 15.98 and a beta of 0.85. The company's 50-day moving average is $27.23 and its two-hundred day moving average is $24.06. Gentex Corporation has a 1-year low of $20.28 and a 1-year high of $31.72.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its earnings results on Friday, July 25th. The auto parts company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.08. The company had revenue of $657.86 million for the quarter, compared to analyst estimates of $591.94 million. Gentex had a net margin of 16.82% and a return on equity of 16.86%. Gentex's revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. Gentex has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Gentex Corporation will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, October 8th. Gentex's payout ratio is presently 27.12%.

Gentex declared that its board has authorized a share buyback program on Wednesday, July 16th that authorizes the company to buyback 40,000,000 shares. This buyback authorization authorizes the auto parts company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GNTX. UBS Group upped their price objective on shares of Gentex from $23.00 to $28.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Gentex in a research note on Friday, July 11th. B. Riley upped their price objective on shares of Gentex from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Wall Street Zen raised shares of Gentex from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Zacks Research cut shares of Gentex from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $28.63.

Gentex Company Profile

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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