Gentex Co. (NASDAQ:GNTX) Shares Purchased by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. grew its position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 586,682 shares of the auto parts company's stock after purchasing an additional 50,931 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.26% of Gentex worth $16,855,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Midwest Capital Advisors LLC purchased a new stake in Gentex in the fourth quarter valued at approximately $26,000. TD Private Client Wealth LLC raised its position in Gentex by 138.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company's stock valued at $33,000 after purchasing an additional 662 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in Gentex during the 4th quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Gentex by 32.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock worth $70,000 after purchasing an additional 593 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in Gentex during the 4th quarter worth $96,000. Institutional investors and hedge funds own 86.76% of the company's stock.

Gentex Stock Down 1.5 %

Shares of Gentex stock traded down $0.34 on Wednesday, hitting $21.67. The company's stock had a trading volume of 443,941 shares, compared to its average volume of 1,720,251. The company has a market capitalization of $4.90 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84. Gentex Co. has a 52-week low of $20.28 and a 52-week high of $35.33. The firm has a fifty day moving average price of $23.13 and a 200-day moving average price of $26.77.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The auto parts company reported $0.43 earnings per share for the quarter, meeting 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 17.49% and a return on equity of 16.74%. The company's revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 earnings per share. As a group, analysts expect that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Wednesday, April 9th. Gentex's dividend payout ratio (DPR) is currently 28.07%.

Wall Street Analysts Forecast Growth

Several research firms have commented on GNTX. Baird R W downgraded Gentex from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. The Goldman Sachs Group dropped their price objective on shares of Gentex from $28.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. UBS Group reduced their target price on shares of Gentex from $29.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. B. Riley restated a "buy" rating and issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their target price on Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $28.31.

About Gentex

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.