B. Riley Forecasts Strong Price Appreciation for Gentex (NASDAQ:GNTX) Stock

Key Points

• B. Riley has raised its price target for Gentex from $28.00 to $32.00, suggesting a potential upside of 14.74% based on the stock's previous close, maintaining a "buy" rating.
• The company reported a $0.47 EPS for its last quarter, surpassing analyst estimates of $0.39, along with revenue of $657.86 million, exceeding expectations of $591.94 million.
• Gentex's Board has approved a stock buyback plan to repurchase 40 million shares outstanding, indicating confidence in the stock's current valuation.

Gentex (NASDAQ:GNTX - Get Free Report) had its target price raised by analysts at B. Riley from $28.00 to $32.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the auto parts company's stock. B. Riley's price objective points to a potential upside of 21.77% from the company's current price. B. Riley also issued estimates for Gentex's Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $1.74 EPS and FY2026 earnings at $1.84 EPS.

Several other equities research analysts have also recently weighed in on the company. UBS Group reiterated a "neutral" rating and issued a $23.00 price objective (up previously from $21.00) on shares of Gentex in a report on Monday, July 14th. Baird R W cut Gentex from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Robert W. Baird increased their price objective on Gentex from $26.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday. Wall Street Zen upgraded Gentex from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, The Goldman Sachs Group reiterated a "neutral" rating on shares of Gentex in a report on Friday, July 11th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $28.63.

Gentex Trading Down 0.5%

Shares of NASDAQ:GNTX traded down $0.14 on Monday, reaching $26.28. 2,327,327 shares of the company traded hands, compared to its average volume of 2,351,487. The business's 50-day simple moving average is $22.75 and its 200 day simple moving average is $23.51. Gentex has a 52 week low of $20.28 and a 52 week high of $31.75. The stock has a market capitalization of $5.91 billion, a P/E ratio of 14.85 and a beta of 0.81.

Gentex (NASDAQ:GNTX - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.08. The firm had revenue of $657.86 million for the quarter, compared to analysts' expectations of $591.94 million. Gentex had a return on equity of 16.86% and a net margin of 16.82%. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. Sell-side analysts expect that Gentex will post 2.04 EPS for the current fiscal year.

Gentex announced that its Board of Directors has approved a stock buyback program on Wednesday, July 16th that authorizes the company to repurchase 40,000,000 shares. This repurchase authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Joseph B. Anderson, Jr. sold 3,764 shares of Gentex stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $22.87, for a total transaction of $86,082.68. Following the completion of the transaction, the director directly owned 5,939 shares in the company, valued at approximately $135,824.93. This trade represents a 38.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gentex

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in shares of Gentex by 31.6% in the fourth quarter. LPL Financial LLC now owns 189,254 shares of the auto parts company's stock worth $5,437,000 after buying an additional 45,475 shares during the last quarter. Elo Mutual Pension Insurance Co purchased a new position in shares of Gentex during the 4th quarter valued at $356,000. JPMorgan Chase & Co. lifted its stake in shares of Gentex by 162.4% during the 4th quarter. JPMorgan Chase & Co. now owns 5,249,230 shares of the auto parts company's stock valued at $150,810,000 after buying an additional 3,248,434 shares in the last quarter. Norges Bank purchased a new position in shares of Gentex during the 4th quarter valued at $51,959,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Gentex during the 4th quarter valued at $1,300,000. Institutional investors own 86.76% of the company's stock.

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.