About Gentex (NASDAQ:GNTX)
Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company's business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. Within this business segment, the Company also designs, develops and manufactures various electronics that are features to the interior and exterior automotive rearview mirrors, as well as interior visors, overhead consoles, and other locations in the vehicle. The Company ships its products to all of the automotive producing regions across the world, which it supports with various sales, engineering and distribution locations across the world.
Industry, Sector and Symbol:
- Sector: Cyclical Consumer Goods & Services
- Industry: Automotive Accessories
- Sub-Industry: Auto Parts & Equipment
- Symbol: NASDAQ:GNTX
- CUSIP: 37190110
- Web: www.gentex.com
- Market Cap: $5.4 billion
- Outstanding Shares: 285,549,000
- 50 Day Moving Avg: $19.58
- 200 Day Moving Avg: $18.94
- 52 Week Range: $16.06 - $22.12
Sales & Book Value:
- Trailing P/E Ratio: 15.01
- Foreward P/E Ratio: 13.60
- P/E Growth: 1.16
- Annual Revenue: $1.75 billion
- Price / Sales: 3.09
- Book Value: $7.02 per share
- Price / Book: 2.69
- Annual Dividend: $0.40
- Dividend Yield: 1.9%
- EBITDA: $615.67 million
- Net Margins: 20.57%
- Return on Equity: 17.96%
- Return on Assets: 15.28%
- Current Ratio: 4.44%
- Quick Ratio: 3.72%
- Average Volume: 2.08 million shs.
- Beta: 1.18
- Short Ratio: 6.66
Frequently Asked Questions for Gentex (NASDAQ:GNTX)
What is Gentex's stock symbol?
Gentex trades on the NASDAQ under the ticker symbol "GNTX."
How often does Gentex pay dividends? What is the dividend yield for Gentex?
Gentex declared a quarterly dividend on Wednesday, August 23rd. Stockholders of record on Friday, October 6th will be paid a dividend of $0.10 per share on Wednesday, October 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, October 5th. View Gentex's Dividend History.
When did Gentex's stock split? How did Gentex's stock split work?
Shares of Gentex split on Friday, January 2nd 2015. The 2-1 split was announced on Friday, December 5th 2014. The newly created shares were issued to shareholders after the closing bell on Wednesday, December 31st 2014. An investor that had 100 shares of Gentex stock prior to the split would have 200 shares after the split.
How will Gentex's stock buyback program work?
Gentex declared that its board has authorized a share repurchase program on Thursday, August 24th 2017, which authorizes the company to repurchase 15,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.
How were Gentex's earnings last quarter?
Gentex Co. (NASDAQ:GNTX) announced its quarterly earnings results on Friday, October, 20th. The company reported $0.31 EPS for the quarter, meeting analysts' consensus estimates of $0.31. The firm had revenue of $438.63 million for the quarter, compared to analyst estimates of $452.42 million. Gentex had a return on equity of 17.96% and a net margin of 20.57%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. View Gentex's Earnings History.
When will Gentex make its next earnings announcement?
Where is Gentex's stock going? Where will Gentex's stock price be in 2017?
8 analysts have issued 12-month price targets for Gentex's stock. Their forecasts range from $18.00 to $25.00. On average, they expect Gentex's stock price to reach $21.93 in the next twelve months. View Analyst Ratings for Gentex.
What are analysts saying about Gentex stock?
Here are some recent quotes from research analysts about Gentex stock:
- 1. According to Zacks Investment Research, "Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. It's business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. Within this business segment, the Company also designs, develops and manufactures various electronics that are features to the interior and exterior automotive rearview mirrors, as well as interior visors, overhead consoles, and other locations in the vehicle. The Company ships its products to all of the automotive producing regions across the world, which it supports with various sales, engineering and distribution locations across the world. Gentex is headquartered in Zeeland, MI. " (10/23/2017)
- 2. BMO Capital Markets analysts commented, "Our confidence in listing GNTX shares near the top of our pecking order remains very high after spending two days on the road with management. Despite the shares being a top performer in our coverage group over the past 12 months and currently sporting a valuation premium to its peers, we believe the combination of further penetration of auto-dimming mirrors, content gains from embedded features and new product launches will allow revenue to well exceed global auto production over the next several years. Reiterate Outperform." (3/24/2017)
- 3. FBR & Co analysts commented, "We recently attended CES 2017 and were introduced to several new products that we believe could present incremental growth opportunities for the company. Gentex showed several technologies at CES: a camera-based rear vision solution, a biometric driver authentication system, and a HomeLink product that provides cloud-based connectivity from car to home. We think that there are two key takeaways from these launches. (1) The company's steady transition toward more technology-driven revenue continues to be a key theme, and we think the biometric authentication system, in particular, demonstrates the team's innovative capabilities. (2) Perhaps more importantly, we believe that the camera rear-vision system validates our argument that even if exterior mirrors begin to change in their traditional sense, Gentex will still have a significant long-term growth opportunity given its interior-mirror and exterior-based content portfolio. Looking ahead, we think GNTX shares continue to be quite attractive, and we are raising our price target to $25, from $22, following positive takeaways from CES. We reiterate our Outperform rating, and we believe that given our expectation for a SAAR plateau in 2017, automotive investors should be looking at secular growth stories like Gentex." (1/13/2017)
Who are some of Gentex's key competitors?
Some companies that are related to Gentex include Liberty Interactive Corp (QVCA), Persimmon plc (PSN), Burberry Group plc (BRBY), InterContinental Hotels Group PLC (IHG), Adient PLC (ADNT), Tui AG (TUI), Whitbread plc (WTB), Barratt Developments Plc (BDEV), NEXT plc (NXT), ITV plc (ITV), Staples (SPLS), Kingfisher plc (KGF), Taylor Wimpey plc (TW), Pearson plc (PSON), Marks and Spencer Group Plc (MKS), GKN plc (GKN), Berkeley Group Holdings PLC (BKG) and Bellway plc (BWY).
Who are Gentex's key executives?
Gentex's management team includes the folowing people:
- Fred Bauer, Chairman of the Board, Chief Executive Officer
- Steven R. Downing, President, Interim Chief Financial Officer, Chief Operating Officer, Treasurer
- Kevin Nash, Chief Accounting Officer, Vice President - Accounting
- Joseph Matthews, Vice President - Purchasing
- Scott P. Ryan, Assistant General Counsel, Corporate Secretary
- James H. Wallace, Lead Independent Director
- Leslie Brown, Independent Director
- Gary F. Goode, Independent Director
- Pete Hoekstra, Independent Director
- James A. Hollars, Independent Director
Who owns Gentex stock?
Gentex's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include PGGM Investments (0.62%), Reinhart Partners Inc. (0.61%), Kirr Marbach & Co. LLC IN (0.20%), Nationwide Fund Advisors (0.17%), Mutual of America Capital Management LLC (0.08%) and State Treasurer State of Michigan (0.04%). Company insiders that own Gentex stock include Fred Bauer, Frederick A Sotok, Gary F Goode, James H Wallace, John A Mulder, Joseph E Iv Matthews, Kevin C Nash, Mark W Newton, Scott P Ryan and Steven R Downing. View Institutional Ownership Trends for Gentex.
Who sold Gentex stock? Who is selling Gentex stock?
Gentex's stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan, Mutual of America Capital Management LLC and Nationwide Fund Advisors. Company insiders that have sold Gentex stock in the last year include Fred Bauer, Frederick A Sotok, James H Wallace, John A Mulder, Joseph E Iv Matthews, Kevin C Nash, Scott P Ryan and Steven R Downing. View Insider Buying and Selling for Gentex.
Who bought Gentex stock? Who is buying Gentex stock?
Gentex's stock was purchased by a variety of institutional investors in the last quarter, including Reinhart Partners Inc., BerganKDV Wealth Management LLC, Kirr Marbach & Co. LLC IN and PGGM Investments. View Insider Buying and Selling for Gentex.
How do I buy Gentex stock?
Shares of Gentex can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Gentex's stock price today?
MarketBeat Community Rating for Gentex (NASDAQ GNTX)MarketBeat's community ratings are surveys of what our community members think about Gentex and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Gentex stock can currently be purchased for approximately $18.91.
Consensus Ratings for Gentex (NASDAQ:GNTX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.63)|
|Consensus Price Target: ||$21.93 (15.96% upside)|Consensus Price Target History for Gentex (NASDAQ:GNTX)
Analysts' Ratings History for Gentex (NASDAQ:GNTX)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/23/2017||Robert W. Baird||Lower Price Target||Outperform||$22.00 -> $21.00||N/A|
|10/18/2017||FBR & Co||Reiterated Rating||Buy||$25.00||N/A|
|7/24/2017||BMO Capital Markets||Reiterated Rating||Outperform||$25.00 -> $22.00||Low|
|7/24/2017||Craig Hallum||Downgrade||Buy -> Hold||$18.00||Medium|
|5/4/2017||Wellington Shields||Downgrade||Gradually Accumulate -> Hold||Low|
|1/31/2017||Wells Fargo & Company||Reiterated Rating||Outperform||$21.50||N/A|
|12/19/2016||Susquehanna Bancshares Inc||Initiated Coverage||Neutral||$21.00||N/A|
Earnings History for Gentex (NASDAQ:GNTX)Earnings History by Quarter for Gentex (NASDAQ GNTX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/26/2018|| || || || || || || || |
|10/20/2017||Q3 2017||$0.31||$0.31||$452.42 million||$438.63 million||View||N/A|
|7/21/2017||Q2 2017||$0.32||$0.31||$446.36 million||$443.10 million||View||N/A|
|4/21/2017||Q1 2017||$0.31||$0.33||$444.92 million||$453.54 million||View||N/A|
|1/27/2017||Q416||$0.32||$0.31||$437.36 million||$419.91 million||View||N/A|
|10/20/2016||Q316||$0.30||$0.32||$428.43 million||$429.60 million||View||Listen|
|7/22/2016||Q216||$0.29||$0.30||$416.99 million||$423.80 million||View||Listen|
|4/22/2016||Q116||$0.28||$0.28||$405.23 million||$405.60 million||View||Listen|
|1/28/2016||Q415||$0.27||$0.30||$391.81 million||$405.60 million||View||Listen|
|10/21/2015||Q315||$0.27||$0.27||$393.44 million||$389.00 million||View||Listen|
|7/23/2015||Q215||$0.25||$0.26||$375.41 million||$379.30 million||View||Listen|
|4/22/2015||Q115||$0.25||$0.26||$367.54 million||$368.90 million||View||N/A|
|1/28/2015||Q414||$0.26||$0.24||$368.42 million||$350.40 million||View||N/A|
|10/22/2014||Q314||$0.47||$0.49||$339.41 million||$350.90 million||View||Listen|
|4/23/2014||Q214||$0.45||$0.47||$324.20 million||$335.70 million||View||N/A|
|1/29/2014||Q114||$0.43||$0.48||$319.70 million||$326.80 million||View||N/A|
|10/22/2013||Q313||$0.32||$0.38||$277.24 million||$288.60 million||View||N/A|
|7/24/2013||Q2 2013||$0.32||$0.36||$274.52 million||$287.00 million||View||N/A|
|4/23/2013||Q1 2013||$0.30||$0.32||$268.13 million||$269.50 million||View||N/A|
|1/29/2013||Q4 2012||$0.26||$0.28||$258.11 million||$260.30 million||View||N/A|
Earnings Estimates for Gentex (NASDAQ:GNTX)
2017 EPS Consensus Estimate: $1.33
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Gentex (NASDAQ:GNTX)
|Most Recent Dividend:||10/18/2017|
|Payout Ratio:||31.75% (Trailing 12 Months of Earnings) |
31.25% (Based on This Year's Estimates)
28.78% (Based on Next Year's Estimates)
Dividend History by Quarter for Gentex (NASDAQ GNTX)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Gentex (NASDAQ:GNTX)
Insider Ownership Percentage: 2.50%Insider Trades by Quarter for Gentex (NASDAQ:GNTX)
Institutional Ownership Percentage: 80.78%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/27/2017||Kevin C Nash||Insider||Sell||4,320||$19.70||$85,104.00|| |
|9/27/2017||Steven R Downing||CFO||Sell||8,000||$19.70||$157,600.00|| |
|8/7/2017||Fred Bauer||Chairman||Sell||239,400||$17.33||$4,148,802.00|| |
|6/1/2017||John A. Mulder||Director||Sell||10,000||$19.22||$192,200.00|| |
|4/27/2017||Frederick A. Sotok||Director||Sell||19,000||$20.84||$395,960.00|| |
|4/25/2017||Kevin C Nash||Insider||Sell||1,694||$20.65||$34,981.10|| |
|4/24/2017||Joseph E Iv Matthews||VP||Sell||9,996||$20.31||$203,018.76|| |
|4/24/2017||Scott P Ryan||General Counsel||Sell||4,920||$20.38||$100,269.60|| |
|3/30/2017||John A. Mulder||Director||Sell||10,000||$21.28||$212,800.00|| |
|1/31/2017||Steven R Downing||CFO||Sell||10,176||$20.75||$211,152.00|| |
|1/30/2017||Frederick A. Sotok||Director||Sell||12,000||$20.93||$251,160.00|| |
|1/30/2017||Kevin C Nash||Insider||Sell||4,544||$20.90||$94,969.60|| |
|11/18/2016||Joseph E Iv Matthews||VP||Sell||2,244||$18.00||$40,392.00|| |
|10/25/2016||James H Wallace||Director||Sell||12,000||$16.78||$201,360.00|| |
|10/25/2016||Kevin C Nash||Insider||Sell||6,210||$16.68||$103,582.80|| |
|8/22/2016||Fred Bauer||Chairman||Sell||696,000||$18.03||$12,548,880.00|| |
|8/10/2016||John A. Mulder||Director||Sell||20,000||$18.07||$361,400.00|| |
|7/26/2016||Scott P Ryan||General Counsel||Sell||5,132||$17.77||$91,195.64|| |
|7/25/2016||Gary F Goode||Director||Sell||24,000||$17.57||$421,680.00|| |
|7/25/2016||Kevin C Nash||Insider||Sell||6,412||$17.63||$113,043.56|| |
|7/25/2016||Steven R Downing||CFO||Sell||8,820||$17.62||$155,408.40|| |
|6/8/2016||Fred Bauer||CEO||Sell||351,700||$16.45||$5,785,465.00|| |
|6/6/2016||Fred Bauer||CEO||Sell||266,300||$16.42||$4,372,646.00|| |
|6/1/2016||Joseph E Iv Matthews||VP||Sell||2,140||$16.50||$35,310.00|| |
|12/28/2015||Scott P Ryan||General Counsel||Sell||2,000||$16.31||$32,620.00|| |
|11/5/2015||John A. Mulder||Director||Sell||6,000||$16.61||$99,660.00|| |
|11/2/2015||Mark W. Newton||SVP||Sell||38,184||$16.63||$634,999.92|| |
|10/28/2015||Scott P. Ryan||General Counsel||Sell||3,000||$16.36||$49,080.00|| |
|10/27/2015||Kevin C. Nash||CAO||Sell||14,420||$16.31||$235,190.20|| |
|10/23/2015||Gary F. Goode||Director||Sell||12,000||$16.19||$194,280.00|| |
|5/12/2015||Steven R Downing||CFO||Sell||6,300||$17.47||$110,061.00|| |
|4/23/2015||Joseph E Iv Matthews||VP||Sell||15,140||$18.11||$274,185.40|| |
|3/31/2015||Joseph E Iv Matthews||VP||Sell||4,000||$18.35||$73,400.00|| |
|2/6/2015||John A Mulder||Director||Sell||12,000||$17.25||$207,000.00|| |
|2/3/2015||Frederick A Sotok||Director||Sell||21,000||$17.28||$362,880.00|| |
|2/3/2015||Mark W Newton||SVP||Sell||34,204||$17.36||$593,781.44|| |
|11/4/2014||Fred Bauer||CEO||Sell||534,000||$32.79||$17,509,860.00|| |
|10/24/2014||Joseph E Iv Matthews||VP||Sell||1,070||$31.72||$33,940.40|| |
|10/23/2014||Bruce A Los||SVP||Sell||22,530||$31.11||$700,908.30|| |
|10/23/2014||James H Wallace||Director||Sell||12,000||$31.07||$372,840.00|| |
|9/30/2014||Bruce A Los||SVP||Sell||9,382||$26.92||$252,563.44|| |
|9/29/2014||Kevin C Nash||CAO||Sell||1,800||$27.36||$49,248.00|| |
|9/29/2014||Mark W Newton||SVP||Sell||10,200||$27.36||$279,072.00|| |
|9/29/2014||Steven R Downing||CFO||Sell||2,000||$27.36||$54,720.00|| |
|8/27/2014||John A Mulder||Director||Sell||4,256||$29.57||$125,849.92|| |
|7/29/2014||Bruce A Los||SVP||Sell||8,848||$29.11||$257,565.28|| |
|7/28/2014||Frederick A Sotok||Director||Sell||6,000||$29.02||$174,120.00|| |
|6/25/2014||Paul V Flynn||VP||Sell||1,163||$29.10||$33,843.30|| |
|6/6/2014||Bruce A Los||SVP||Sell||3,400||$29.61||$100,674.00|| |
|5/5/2014||Kevin Nash||CAO||Sell||6,728||$29.71||$199,888.88|| |
|5/2/2014||Steven Downing||CFO||Sell||1,750||$29.68||$51,940.00|| |
|4/30/2014||Mark Newton||SVP||Sell||34,674||$28.68||$994,450.32|| |
|2/11/2014||John Mulder||Director||Sell||12,000||$31.43||$377,160.00|| |
|2/5/2014||Frederick Sotok||Director||Sell||5,500||$30.58||$168,190.00|| |
|12/12/2013||Bruce Los||SVP||Sell||4,130||$30.15||$124,519.50|| |
|11/26/2013||Bruce Los||SVP||Sell||2,000||$29.82||$59,640.00|| |
|10/30/2013||Gary F Goode||Director||Sell||12,000||$30.14||$361,680.00|| |
|8/6/2013||Wallace Tsuha, Jr.||Director||Sell||12,000||$22.77||$273,240.00|| |
|7/29/2013||Steven A Dykman||VP||Sell||10,986||$22.24||$244,328.64|| |
|6/28/2013||Paul V Flynn||VP||Sell||2,600||$23.00||$59,800.00|| |
|5/24/2013||Steven A Dykman||VP||Sell||13,476||$23.68||$319,111.68|| |
|5/8/2013||Fred Bauer||CEO||Sell||418,632||$24.52||$10,264,856.64|| |
|5/8/2013||Mark W Newton||SVP||Sell||3,840||$24.37||$93,580.80|| |
|5/8/2013||Paul V Flynn||VP||Sell||2,325||$24.56||$57,102.00|| |
Headline Trends for Gentex (NASDAQ:GNTX)
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Gentex (GNTX) Chart for Monday, October, 23, 2017