Gentex Corporation (NASDAQ:GNTX) Shares Acquired by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC increased its position in Gentex Corporation (NASDAQ:GNTX - Free Report) by 37.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 161,184 shares of the auto parts company's stock after buying an additional 43,604 shares during the quarter. Hunter Perkins Capital Management LLC owned about 0.07% of Gentex worth $3,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in GNTX. Bank of New York Mellon Corp grew its stake in Gentex by 16.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company's stock worth $80,079,000 after buying an additional 386,461 shares during the period. LPL Financial LLC lifted its holdings in shares of Gentex by 31.6% during 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Gentex during the 4th quarter valued at $24,479,000. Marshall Wace LLP purchased a new stake in Gentex during the 4th quarter worth $10,868,000. Finally, AlphaQuest LLC acquired a new stake in Gentex in the 4th quarter valued at $2,312,000. 86.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GNTX. UBS Group reduced their price objective on Gentex from $29.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Baird R W lowered Gentex from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Robert W. Baird restated a "neutral" rating and issued a $25.00 price target (down previously from $31.00) on shares of Gentex in a report on Tuesday, April 15th. Guggenheim lowered their price objective on shares of Gentex from $30.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group reduced their target price on shares of Gentex from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $28.31.

Gentex Stock Performance

Shares of GNTX remained flat at $21.99 during trading on Monday. The company's stock had a trading volume of 1,634,236 shares, compared to its average volume of 1,853,627. The company has a market cap of $4.94 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The business's fifty day moving average price is $21.88 and its two-hundred day moving average price is $24.23. Gentex Corporation has a one year low of $20.28 and a one year high of $35.32.

Gentex (NASDAQ:GNTX - Get Free Report) last issued 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. The business had revenue of $576.77 million during the quarter, compared to analyst estimates of $578.68 million. Gentex had a net margin of 17.01% and a return on equity of 16.11%. The business's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, analysts anticipate that Gentex Corporation will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.18%. Gentex's dividend payout ratio (DPR) is presently 28.07%.

Insider Activity

In other news, Director Joseph B. Anderson, Jr. sold 3,764 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $22.87, for a total value of $86,082.68. Following the completion of the sale, the director now directly owns 5,939 shares in the company, valued at approximately $135,824.93. The trade was a 38.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.45% of the company's stock.

Gentex 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.