Analysts Set Gentex Co. (NASDAQ:GNTX) Target Price at $29.06

Gentex Co. (NASDAQ:GNTX - Get Free Report) has received an average recommendation of "Hold" from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $29.06.

A number of research analysts recently weighed in on the stock. B. Riley reaffirmed a "buy" rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. UBS Group decreased their target price on Gentex from $29.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Baird R W cut Gentex from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price objective on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Finally, The Goldman Sachs Group lowered their target price 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.

Institutional Investors Weigh In On Gentex

Several institutional investors have recently modified their holdings of the company. Orion Portfolio Solutions LLC raised its holdings in Gentex by 7.3% during the third quarter. Orion Portfolio Solutions LLC now owns 11,556 shares of the auto parts company's stock worth $343,000 after purchasing an additional 785 shares during the last quarter. Barclays PLC raised its stake in shares of Gentex by 54.4% during the 3rd quarter. Barclays PLC now owns 107,930 shares of the auto parts company's stock worth $3,205,000 after buying an additional 38,027 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Gentex by 5.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company's stock worth $221,000 after buying an additional 408 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Gentex by 1.6% in the 3rd quarter. Toronto Dominion Bank now owns 40,721 shares of the auto parts company's stock worth $1,209,000 after buying an additional 650 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Gentex in the 3rd quarter valued at about $326,000. Hedge funds and other institutional investors own 86.76% of the company's stock.

Gentex Trading Up 2.3 %

Shares of NASDAQ:GNTX traded up $0.49 on Wednesday, hitting $21.56. 2,276,125 shares of the company were exchanged, compared to its average volume of 1,696,825. The firm has a market capitalization of $4.88 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84. Gentex has a 1-year low of $20.28 and a 1-year high of $35.33. The stock's 50 day moving average price is $23.52 and its 200 day moving average price is $27.11.

Gentex (NASDAQ:GNTX - Get Free Report) last issued its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a return on equity of 16.74% and a net margin of 17.49%. During the same quarter in the previous year, the firm posted $0.50 EPS. On average, equities analysts predict that Gentex will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.23%. Gentex's dividend payout ratio is presently 27.27%.

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.