Gentex Co. (NASDAQ:GNTX - Free Report) - Research analysts at Seaport Res Ptn raised their Q3 2024 earnings per share estimates for Gentex in a note issued to investors on Sunday, April 28th. Seaport Res Ptn analyst G. Chin now forecasts that the auto parts company will post earnings per share of $0.54 for the quarter, up from their prior estimate of $0.53. The consensus estimate for Gentex's current full-year earnings is $2.17 per share. Seaport Res Ptn also issued estimates for Gentex's Q4 2024 earnings at $0.56 EPS and FY2025 earnings at $2.31 EPS.
Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings results on Friday, April 26th. The auto parts company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). The company had revenue of $590.23 million during the quarter, compared to the consensus estimate of $600.38 million. Gentex had a net margin of 18.77% and a return on equity of 19.19%. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share.
A number of other analysts have also recently issued reports on the company. The Goldman Sachs Group raised their price objective on Gentex from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday, January 29th. B. Riley lifted their price target on Gentex from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. Guggenheim lifted their price target on Gentex from $40.00 to $41.00 and gave the stock a "buy" rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their price target on Gentex from $36.00 to $37.00 and gave the stock a "neutral" rating in a report on Thursday, January 25th. Finally, StockNews.com cut Gentex from a "buy" rating to a "hold" rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Gentex currently has an average rating of "Hold" and a consensus target price of $37.83.
Check Out Our Latest Research Report on Gentex
Gentex Price Performance
GNTX stock traded down $0.56 during mid-day trading on Tuesday, reaching $34.30. The company had a trading volume of 1,843,502 shares, compared to its average volume of 1,437,398. The stock has a 50 day simple moving average of $35.65 and a two-hundred day simple moving average of $33.15. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 0.73 and a beta of 0.99. Gentex has a 52 week low of $25.86 and a 52 week high of $37.58.
Institutional Investors Weigh In On Gentex
A number of hedge funds and other institutional investors have recently bought and sold shares of GNTX. Neo Ivy Capital Management acquired a new position in shares of Gentex in the 4th quarter valued at about $29,000. National Bank of Canada FI lifted its stake in shares of Gentex by 159.1% in the 4th quarter. National Bank of Canada FI now owns 930 shares of the auto parts company's stock valued at $30,000 after purchasing an additional 571 shares during the period. VisionPoint Advisory Group LLC lifted its stake in shares of Gentex by 123.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,203 shares of the auto parts company's stock valued at $39,000 after purchasing an additional 665 shares during the period. GAMMA Investing LLC acquired a new position in shares of Gentex in the 4th quarter valued at about $46,000. Finally, Global Retirement Partners LLC raised its stake in Gentex by 371.3% during the 4th quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company's stock worth $89,000 after buying an additional 2,157 shares during the period. Institutional investors own 86.76% of the company's stock.
Insider Buying and Selling at Gentex
In other Gentex news, CFO Kevin C. Nash sold 13,500 shares of Gentex stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total value of $446,040.00. Following the completion of the transaction, the chief financial officer now directly owns 44,321 shares of the company's stock, valued at approximately $1,464,365.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Richard O. Schaum sold 6,022 shares of Gentex stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $33.93, for a total value of $204,326.46. Following the transaction, the director now owns 62,555 shares in the company, valued at approximately $2,122,491.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kevin C. Nash sold 13,500 shares of Gentex stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total value of $446,040.00. Following the completion of the transaction, the chief financial officer now owns 44,321 shares in the company, valued at approximately $1,464,365.84. The disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.
Gentex Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, April 5th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.48 annualized dividend and a yield of 1.40%. Gentex's dividend payout ratio is presently 25.40%.
About Gentex
(
Get Free Report)
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.
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