About Gentex Corporation (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: Auto/Tires/Trucks
- Industry: Automotive Accessories
- Sub-Industry: Auto Parts & Equipment
- Symbol: NASDAQ:GNTX
- CUSIP: 37190110
- Web: www.gentex.com
- Market Cap: $5.53 billion
- Outstanding Shares: 285,549,000
- 50 Day Moving Avg: $19.57
- 200 Day Moving Avg: $18.97
- 52 Week Range: $16.06 - $22.12
Sales & Book Value:
- Trailing P/E Ratio: 15.38
- Foreward P/E Ratio: 13.94
- P/E Growth: 1.48
- Annual Revenue: $1.75 billion
- Price / Sales: 3.16
- Book Value: $7.02 per share
- Price / Book: 2.76
- Annual Dividend: $0.40
- Dividend Yield: 1.9%
- EBITDA: $615.67 million
- Net Margins: 21.01%
- Return on Equity: 18.95%
- Return on Assets: 15.79%
- 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 Corporation (NASDAQ:GNTX)
What is Gentex Corporation's stock symbol?
Gentex Corporation trades on the NASDAQ under the ticker symbol "GNTX."
How often does Gentex Corporation pay dividends? What is the dividend yield for Gentex Corporation?
Gentex Corporation declared a quarterly dividend on Wednesday, August 23rd. Stockholders of record on Friday, October 6th will be given 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 2.06%. The ex-dividend date is Thursday, October 5th. View Gentex Corporation's Dividend History.
When did Gentex Corporation's stock split? How did Gentex Corporation's stock split work?
Gentex Corporation'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 Gentex Corporation stock prior to the split would have 200 shares after the split.
How will Gentex Corporation's stock buyback program work?
Gentex Corporation declared that its Board of Directors has approved a share repurchase program on Thursday, August 24th 2017, which authorizes the company to buyback 15,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.
How were Gentex Corporation's earnings last quarter?
Gentex Corporation (NASDAQ:GNTX) announced its quarterly earnings results on Friday, October, 20th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $438.63 million for the quarter, compared to the consensus estimate of $452.42 million. Gentex Corporation had a return on equity of 18.95% and a net margin of 21.01%. The firm's revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. View Gentex Corporation's Earnings History.
When will Gentex Corporation make its next earnings announcement?
Where is Gentex Corporation's stock going? Where will Gentex Corporation's stock price be in 2017?
8 analysts have issued twelve-month target prices for Gentex Corporation's shares. Their predictions range from $18.00 to $25.00. On average, they expect Gentex Corporation's stock price to reach $22.07 in the next twelve months. View Analyst Ratings for Gentex Corporation.
What are analysts saying about Gentex Corporation stock?
Here are some recent quotes from research analysts about Gentex Corporation 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. " (10/17/2017)
- 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 Corporation's key competitors?
Some companies that are related to Gentex Corporation include BorgWarner (BWA), Autoliv (ALV), The Goodyear Tire & Rubber Company (GT), Harley-Davidson (HOG), Wabco Holdings (WBC), GKN plc (GKNLY), Oshkosh Corporation (OSK), Allison Transmission Holdings (ALSN), Navistar International Corporation (NAV), Dana Incorporated (DAN), Visteon Corporation (VC), Tenneco (TEN), Dorman Products (DORM), American Axle & Manufacturing Holdings (AXL), Cooper-Standard Holdings (CPS), Cooper Tire & Rubber Company (CTB), Fox Factory Holding Corp. (FOXF) and Wabash National Corporation (WNC).
Who are Gentex Corporation's key executives?
Gentex Corporation'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 Corporation stock?
Gentex Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include PGGM Investments (0.62%), Reinhart Partners Inc. (0.61%), Kirr Marbach & Co. LLC IN (0.20%), Mutual of America Capital Management LLC (0.08%), State Treasurer State of Michigan (0.04%) and BerganKDV Wealth Management LLC (0.01%). Company insiders that own Gentex Corporation 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 Corporation.
Who sold Gentex Corporation stock? Who is selling Gentex Corporation stock?
Gentex Corporation's stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan and Mutual of America Capital Management LLC. Company insiders that have sold Gentex Corporation 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 Corporation.
Who bought Gentex Corporation stock? Who is buying Gentex Corporation stock?
How do I buy Gentex Corporation stock?
Shares of Gentex Corporation 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 Corporation's stock price today?
MarketBeat Community Rating for Gentex Corporation (NASDAQ GNTX)MarketBeat's community ratings are surveys of what our community members think about Gentex Corporation 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 Corporation stock can currently be purchased for approximately $19.38.
Consensus Ratings for Gentex Corporation (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: ||$22.07 (13.89% upside)|Consensus Price Target History for Gentex Corporation (NASDAQ:GNTX)
Analysts' Ratings History for Gentex Corporation (NASDAQ:GNTX)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/18/2017||FBR & Co||Reiterated Rating||Buy||N/A|
|8/24/2017||Robert W. Baird||Upgrade||Neutral -> Outperform||$17.36 -> $22.00||High|
|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 Corporation (NASDAQ:GNTX)Earnings History by Quarter for Gentex Corporation (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 Corporation (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 Corporation (NASDAQ:GNTX)
|Most Recent Dividend:||10/18/2017|
|Payout Ratio:||31.75% (Trailing 12 Months of Earnings) |
31.50% (Based on This Year's Estimates)
28.78% (Based on Next Year's Estimates)
Dividend History by Quarter for Gentex Corporation (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 Corporation (NASDAQ:GNTX)
Insider Ownership Percentage: 2.50%Insider Trades by Quarter for Gentex Corporation (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 Corporation (NASDAQ:GNTX)
Latest Headlines for Gentex Corporation (NASDAQ:GNTX)
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Gentex Corporation (GNTX) Chart for Monday, October, 23, 2017