Gentex (GNTX) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gentex in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GNTX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GNTX, but not buy additional shares or sell existing shares.
View GNTX analyst ratings or view top-rated stocks.

5 brokers have issued 12-month price targets for Gentex's shares. Their GNTX share price forecasts range from $26.00 to $40.00. On average, they anticipate the company's share price to reach $32.50 in the next twelve months. This suggests a possible upside of 2.1% from the stock's current price.
View analysts price targets for GNTX or view top-rated stocks among Wall Street analysts.

Gentex's stock was trading at $27.27 at the start of the year. Since then, GNTX stock has increased by 16.7% and is now trading at $31.82.
View the best growth stocks for 2023 here.

Gentex saw a decline in short interest in September. As of September 15th, there was short interest totaling 2,410,000 shares, a decline of 9.7% from the August 31st total of 2,670,000 shares. Based on an average daily trading volume, of 1,300,000 shares, the short-interest ratio is currently 1.9 days. Currently, 1.0% of the shares of the company are sold short.
View Gentex's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our GNTX earnings forecast.

Gentex Co. (NASDAQ:GNTX) posted its earnings results on Friday, July, 28th. The auto parts company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.07. The auto parts company earned $583.47 million during the quarter, compared to analyst estimates of $539.04 million. Gentex had a trailing twelve-month return on equity of 17.37% and a net margin of 17.23%.

Gentex declared a quarterly dividend on Friday, September 1st. Shareholders of record on Friday, October 6th will be paid a dividend of $0.12 per share on Wednesday, October 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, October 5th.
Read our dividend analysis for GNTX.

ETFs with the largest weight of Gentex (NASDAQ:GNTX) stock in their portfolio include Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), Motley Fool Mid-Cap Growth ETF (TMFM), Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT), Fidelity Electric Vehicles and Future Transportation ETF (FDRV), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM) and Schwab Ariel ESG ETF (SAEF).

Gentex (NASDAQ:GNTX) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.49%. The dividend payout ratio is 30.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GNTX will have a dividend payout ratio of 22.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GNTX.

Gentex's stock split before market open on Friday, January 2nd 2015. The 2-1 split was announced on Friday, December 5th 2014. The newly issued shares were payable to shareholders after the market closes on Wednesday, December 31st 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Gentex updated its FY 2023 earnings guidance on Friday, July, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.20 billion-$2.30 billion, compared to the consensus revenue estimate of $2.21 billion.

54 employees have rated Gentex Chief Executive Officer Steve Downing on Glassdoor.com. Steve Downing has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gentex investors own include Intel (INTC), Johnson & Johnson (JNJ), Gilead Sciences (GILD), Cisco Systems (CSCO), Walt Disney (DIS), CVS Health (CVS), Micron Technology (MU), Pfizer (PFE), Visa (V) and NVIDIA (NVDA).

Gentex trades on the NASDAQ under the ticker symbol "GNTX."

Gentex's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.15%), Ariel Investments LLC (3.62%), State Street Corp (2.90%), Beutel Goodman & Co Ltd. (2.61%), Boston Partners (2.38%) and Cooke & Bieler LP (2.30%). Insiders that own company stock include Gary F Goode, James A Hollars, James H Wallace, John A Mulder, Kathleen Starkoff, Kevin C Nash, Ling Zang, Matthew Chiodo, Neil Boehm, Richard O Schaum, Scott P Ryan, Scott P Ryan, Steven R Downing and Steven R Downing.
View institutional ownership trends.

Shares of GNTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GNTX stock can currently be purchased for approximately $31.82.

Gentex (NASDAQ:GNTX) has a market capitalization of $7.43 billion and generates $1.92 billion in revenue each year. The auto parts company earns $318.76 million in net income (profit) each year or $1.57 on an earnings per share basis.

The company employs 5,466 workers across the globe.

Gentex's mailing address is 600 NORTH CENTENNIAL STREET, ZEELAND MI, 49464. The official website for the company is www.gentex.com. The auto parts company can be reached via phone at (616) 772-1800, via email at marketing@gentex.com, or via fax at 616-772-7348.