Zacks Research Has Optimistic Outlook of Gentex Q1 Earnings

Key Points

• Zacks Research raised Gentex's Q1 2028 EPS estimate to $0.65 (from $0.63) and issued a FY2028 estimate of $2.60, versus a consensus full‑year estimate of $2.04, signaling an optimistic near‑term outlook.
• Gentex most recently reported $0.44 EPS (beating estimates by $0.01) on $644.4M in revenue, up 19% year‑over‑year, and the stock trades around $22 with a market cap of $4.78B and a P/E of 12.76.
• The company declared a $0.12 quarterly dividend (2.2% yield) and experienced notable insider selling by the CEO and CTO, even as major institutional investors (e.g., Bank of Montreal, Caisse de dépôt, Norges Bank) significantly increased their positions.

Gentex Corporation (NASDAQ:GNTX - Free Report) - Analysts at Zacks Research raised their Q1 2028 earnings estimates for Gentex in a research note issued to investors on Thursday, April 9th. Zacks Research analyst Team now expects that the auto parts company will earn $0.65 per share for the quarter, up from their prior estimate of $0.63. The consensus estimate for Gentex's current full-year earnings is $2.04 per share. Zacks Research also issued estimates for Gentex's FY2028 earnings at $2.60 EPS.

Other equities research analysts have also recently issued reports about the stock. UBS Group set a $25.00 target price on shares of Gentex in a report on Monday, February 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Gentex in a report on Thursday, January 22nd. Freedom Capital raised shares of Gentex to a "strong-buy" rating in a report on Friday, March 27th. Wall Street Zen raised shares of Gentex from a "hold" rating to a "buy" rating in a report on Sunday, March 8th. Finally, Robert W. Baird set a $26.00 price target on shares of Gentex in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $26.71.

Gentex Stock Performance

Shares of NASDAQ:GNTX opened at $22.21 on Friday. The company has a 50-day simple moving average of $22.71 and a 200-day simple moving average of $23.79. Gentex has a one year low of $20.36 and a one year high of $29.38. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 12.76 and a beta of 0.77.

Gentex (NASDAQ:GNTX - Get Free Report) last announced its earnings results on Friday, January 30th. The auto parts company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Gentex had a net margin of 15.19% and a return on equity of 16.05%. The business had revenue of $644.40 million during the quarter, compared to analysts' expectations of $650.90 million. During the same period in the prior year, the company earned $0.39 earnings per share. The business's revenue was up 19.0% compared to the same quarter last year.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, April 8th. Gentex's dividend payout ratio is currently 27.59%.

Insider Buying and Selling

In related news, CTO Neil Boehm sold 11,248 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $24.82, for a total transaction of $279,175.36. Following the completion of the transaction, the chief technology officer directly owned 58,951 shares of the company's stock, valued at $1,463,163.82. This represents a 16.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Steven R. Downing sold 35,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $24.75, for a total transaction of $866,250.00. Following the completion of the transaction, the chief executive officer directly owned 211,670 shares of the company's stock, valued at approximately $5,238,832.50. This trade represents a 14.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,133 shares of company stock valued at $1,442,313 over the last ninety days. Corporate insiders own 0.45% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GNTX. Bank of Montreal Can increased its holdings in Gentex by 14,398.7% in the fourth quarter. Bank of Montreal Can now owns 7,726,057 shares of the auto parts company's stock valued at $179,785,000 after buying an additional 7,672,769 shares in the last quarter. Caisse de depot et placement du Quebec increased its holdings in Gentex by 297.0% in the fourth quarter. Caisse de depot et placement du Quebec now owns 3,144,881 shares of the auto parts company's stock valued at $73,181,000 after buying an additional 2,352,668 shares in the last quarter. Norges Bank purchased a new position in Gentex in the fourth quarter valued at about $52,767,000. Qube Research & Technologies Ltd increased its holdings in Gentex by 370.8% in the second quarter. Qube Research & Technologies Ltd now owns 2,615,981 shares of the auto parts company's stock valued at $57,525,000 after buying an additional 2,060,287 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Gentex by 10.3% in the third quarter. Wellington Management Group LLP now owns 14,828,120 shares of the auto parts company's stock valued at $419,636,000 after buying an additional 1,383,203 shares in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Gentex Company Profile

Gentex Corporation NASDAQ: GNTX is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company's primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world's leading original equipment manufacturers (OEMs).

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