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, 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. It also provides variable dimmable windows to aircraft manufacturers and airline operators. In addition, the company offers photoelectric smoke detectors and alarms, electrochemical carbon monoxide alarms and detectors, audible and visual signaling alarms, and bells and speakers used in fire detection systems in office buildings, hotels, and other commercial and residential buildings, as well as researches and develops nanofiber chemical sensing products. The company sells its fire protection products directly, as well as through sales managers and manufacturer representative organizations to fire protection and security product distributors, electrical wholesale houses, and original equipment manufacturers of fire protection systems. Gentex Corporation was incorporated in 1974 and is headquartered in Zeeland, Michigan.
Gentex Stock Performance
NASDAQ:GNTX traded down $0.36 during mid-day trading on Wednesday, reaching $28.78. 886,481 shares of the company's stock were exchanged, compared to its average volume of 1,179,286. Gentex has a one year low of $26.16 and a one year high of $37.90. The firm has a market capitalization of $6.77 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.67 and a beta of 0.88. The business's fifty day simple moving average is $28.25 and its two-hundred day simple moving average is $29.11.
Gentex Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 20th. Shareholders of record on Friday, July 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Thursday, July 7th. Gentex's dividend payout ratio is currently 35.56%.
Wall Street Analysts Forecast Growth
GNTX has been the subject of a number of research reports. B. Riley cut their target price on shares of Gentex from $37.50 to $35.00 and set a "buy" rating for the company in a research note on Monday, July 25th. Seaport Res Ptn restated a "buy" rating on shares of Gentex in a research note on Sunday, July 31st. TheStreet cut shares of Gentex from a "b-" rating to a "c" rating in a research note on Friday, July 22nd. Robert W. Baird raised their price target on shares of Gentex from $33.00 to $34.00 in a research report on Monday, April 25th. Finally, The Goldman Sachs Group lowered their price target on shares of Gentex from $26.00 to $25.00 in a research report on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.75.
Insider Buying and Selling at Gentex
In other Gentex news, Director Gary F. Goode sold 2,845 shares of the firm's stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $30.17, for a total value of $85,833.65. Following the transaction, the director now directly owns 27,861 shares of the company's stock, valued at approximately $840,566.37. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.16% of the company's stock.