Gentex Corporation provides automatic-dimming and non-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 worldwide. It designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers. The company also provides photoelectric smoke detectors and alarms, audible and visual signaling alarms, electrochemical carbon monoxide detectors and alarms, and bells and speakers for use in fire detection systems in office buildings, hotels, and other commercial and residential establishments. Gentex Corporation 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. The company was founded in 1974 and is headquartered in Zeeland, Michigan.
Industry, Sector and Symbol
Industry Motor vehicle parts & accessories
Sub-IndustryAuto Parts & Equipment
SectorAuto/Tires/Trucks
Phone616-772-1800
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.83 billion
Profitability
Miscellaneous
Employees5,481
OptionableOptionable
Gentex (NASDAQ:GNTX) Frequently Asked Questions
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 Thursday, November 29th. Stockholders of record on Wednesday, January 9th will be paid a dividend of $0.11 per share on Wednesday, January 23rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, January 8th. View Gentex's Dividend History.
When did Gentex's stock split? How did Gentex's stock split work?
Gentex shares split on the morning of Friday, January 2nd 2015. The 2-1 split was announced on Friday, December 5th 2014. The newly issued shares were distributed 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 of Directors has initiated a stock buyback program on Saturday, March 10th 2018, which permits the company to buyback 20,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.
How were Gentex's earnings last quarter?
Gentex Co. (NASDAQ:GNTX) issued its earnings results on Wednesday, January, 30th. The auto parts company reported $0.41 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.43 by $0.02. The auto parts company had revenue of $453.40 million for the quarter, compared to the consensus estimate of $477.41 million. Gentex had a net margin of 23.88% and a return on equity of 23.06%. Gentex's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. View Gentex's Earnings History.
When is Gentex's next earnings date?
What guidance has Gentex issued on next quarter's earnings?
Gentex issued an update on its FY 2019 earnings guidance on Wednesday, January, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.83-1.93 billion, compared to the consensus revenue estimate of $1.97 billion.
What price target have analysts set for GNTX?
9 brokerages have issued 12-month price targets for Gentex's shares. Their predictions range from $20.00 to $25.00. On average, they anticipate Gentex's share price to reach $22.5214 in the next year. This suggests a possible upside of 10.6% from the stock's current price. View Analyst Price Targets for Gentex.
What is the consensus analysts' recommendation for Gentex?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gentex in the last year. There are currently 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Gentex.
What are Wall Street analysts saying about Gentex stock?
Here are some recent quotes from research analysts about Gentex stock:
- 1. According to Zacks Investment Research, "In fourth-quarter 2018, Gentex’s earnings and net sales missed the respective Zacks Consensus Estimate. Further, the figures declined from the year-ago quarter. The decline is majorly due to lowered vehicle productions, plant shutdowns and order adjustments by few customers that resulted in decreased unit shipments for Gentex. The company expects similar vehicle production trend to continue in 2019. Further, high tariff-related costs and operating expenses are hurting the company’s gross margins. In the last three months, shares of Gentex underperformed the industry it belongs to. However, rising demand for its dimmable devices and focus to improve product mix for long-term growth are tailwinds for Gentex." (2/4/2019)
- 2. Jefferies Financial Group Inc analysts commented, "GNTX reported Q4 sales and EPS of $453M and $0.41, vs. our ests. of $482M and $0.43 while GNTX announced 2019 revenue and gross margin guidance below expectations. We expect continued EBIT choppiness in 1H’19 as lower yr/yr production, expected gross margin headwinds, and sustained R&D levels (to support growth initiatives) weigh on earnings. We lower our PT to $23 – maintain Hold." (2/4/2019)
- 3. Longbow Research analysts commented, "The call on suppliers has been to take advantage of weakness during 2Q18 earnings. GNTX is testing a $22 floor for the third time since Feb-18. We see upside as revenue growth and margins significantly accelerate in 2H. Investors should look no further than GNTX if they want exposure to a company that grows as much as 800bps over market and has premium margins, and free cash flow conversion. Despite this outperformance, shares are trading below group average at 12.2x on P/E basis." (7/23/2018)
Has Gentex been receiving favorable news coverage?
News stories about GNTX stock have trended somewhat positive recently, InfoTrie reports. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Gentex earned a daily sentiment score of 1.4 on InfoTrie's scale. They also gave news articles about the auto parts company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term.
Who are some of Gentex's key competitors?
Some companies that are related to Gentex include Aptiv (APTV), Magna International (MGA), Icahn Enterprises (IEP), ISUZU MOTORS LT/ADR (ISUZY), Lear (LEA), BorgWarner (BWA), VALEO/S (VLEEY), Autoliv (ALV), Allison Transmission (ALSN), Dongfeng Motor Group (DNFGY), Dorman Products (DORM), Dana (DAN), Veoneer (VNE), LCI Industries (LCII) and Tenneco (TEN).
Who are Gentex's key executives?
Gentex's management team includes the folowing people:
- Mr. Steven R. Downing, Pres & CEO (Age 41)
- Mr. Fred T. Bauer, Founder, Chairman Emeritus & Advisor (Age 76)
- Mr. Kevin C. Nash, VP of Fin., CFO, Treasurer & Chief Accounting Officer (Age 44)
- Mr. Scott Ryan, VP, Gen. Counsel & Corp. Sec. (Age 38)
- Mr. Joseph E. Matthews IV, VP of Purchasing & Diversity Officer (Age 50)
Who are Gentex's major shareholders?
Gentex's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.26%), Dimensional Fund Advisors LP (2.33%), Bank of New York Mellon Corp (1.67%), Riverbridge Partners LLC (1.55%), Geode Capital Management LLC (1.51%) and Scharf Investments LLC (1.15%). Company insiders that own Gentex stock include Fred Bauer, Frederick A Sotok, James H Wallace, John A Mulder, Joseph E Iv Matthews, Kathleen Starkoff, Kevin C Nash, Matthew Chiodo, Neil Boehm, Richard O Schaum, Scott P Ryan and Steven R Downing. View Institutional Ownership Trends for Gentex.
Which major investors are selling Gentex stock?
GNTX stock was sold by a variety of institutional investors in the last quarter, including D. E. Shaw & Co. Inc., First Quadrant L P CA, Riverbridge Partners LLC, Bank of New York Mellon Corp, New York State Common Retirement Fund, Gotham Asset Management LLC, Royce & Associates LP and Scharf Investments LLC. Company insiders that have sold Gentex company stock in the last year include Fred Bauer, Frederick A Sotok, James H Wallace, John A Mulder, Joseph E Iv Matthews, Kevin C Nash and Scott P Ryan. View Insider Buying and Selling for Gentex.
Which major investors are buying Gentex stock?
GNTX stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Claybrook Capital LLC, Squarepoint Ops LLC, Janney Montgomery Scott LLC, Geode Capital Management LLC, Dimensional Fund Advisors LP, Stifel Financial Corp and BlackRock Inc.. Company insiders that have bought Gentex stock in the last two years include Kathleen Starkoff, Matthew Chiodo, Neil Boehm, Richard O Schaum and Steven R Downing. View Insider Buying and Selling for Gentex.
How do I buy shares of Gentex?
Shares of GNTX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Gentex's stock price today?
One share of GNTX stock can currently be purchased for approximately $20.36.
How big of a company is Gentex?
Gentex has a market capitalization of $5.34 billion and generates $1.83 billion in revenue each year. The auto parts company earns $437.88 million in net income (profit) each year or $1.62 on an earnings per share basis. Gentex employs 5,481 workers across the globe.
What is Gentex's official website?
How can I contact Gentex?
Gentex's mailing address is 600 NORTH CENTENNIAL STREET, ZEELAND MI, 49464. The auto parts company can be reached via phone at 616-772-1800 or via email at [email protected]
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 GNTX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GNTX will underperform the S&P 500 over the long term. You may vote once every thirty days.
