PharVision Advisers LLC Buys Shares of 11,512 Gentex Corporation $GNTX

Key Points

• PharVision Advisers LLC has acquired a new stake in Gentex Corporation, purchasing 11,512 shares valued at approximately $268,000 in the first quarter.
• Multiple institutional investors have significantly increased their stakes in Gentex, with Fuller & Thaler Asset Management raising theirs by 487.7% in the same period, now owning 3,447,651 shares valued at $80.33 million.
• Gentex recently reported earnings that exceeded analyst expectations, posting $0.47 earnings per share (EPS) against a consensus estimate of $0.39, indicating a strong revenue growth of 14.8% year-over-year.

PharVision Advisers LLC bought a new position in shares of Gentex Corporation (NASDAQ:GNTX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,512 shares of the auto parts company's stock, valued at approximately $268,000.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC raised its holdings in shares of Gentex by 1,471.0% during 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 during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Gentex by 85.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,222 shares of the auto parts company's stock valued at $28,000 after buying an additional 563 shares in the last quarter. Brooklyn Investment Group increased its holdings in Gentex by 305.7% in the first quarter. Brooklyn Investment Group now owns 1,217 shares of the auto parts company's stock valued at $28,000 after buying an additional 917 shares in the last quarter. Harbor Investment Advisory LLC grew its position in shares of Gentex by 208.2% in the first quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company's stock valued at $38,000 after purchasing an additional 1,093 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Gentex in the first quarter valued at about $45,000. Hedge funds and other institutional investors own 86.76% of the company's stock.

Gentex Price Performance

GNTX traded up $0.02 on Friday, reaching $28.43. 403,683 shares of the company's stock were exchanged, compared to its average volume of 2,264,847. The stock has a market cap of $6.24 billion, a PE ratio of 16.06 and a beta of 0.85. Gentex Corporation has a twelve month low of $20.28 and a twelve month high of $31.72. The stock's fifty day moving average price is $26.23 and its 200-day moving average price is $23.81.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The auto parts company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.08. The firm 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 quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 earnings per share. Gentex has set its FY 2025 guidance at EPS. As a group, research analysts predict 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 stock repurchase plan on Wednesday, July 16th that permits the company to repurchase 40,000,000 outstanding shares. This repurchase authorization permits the auto parts company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GNTX. Zacks Research upgraded shares of Gentex from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. B. Riley lifted their target price on shares of Gentex from $28.00 to $32.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Robert W. Baird lifted their target price on shares of Gentex from $26.00 to $30.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Wall Street Zen upgraded shares of Gentex from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Industrial Alliance Securities set a $25.00 target price on shares of Gentex in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Gentex currently has an average rating of "Hold" and an average price target of $28.63.

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.