Gentex Corporation Company Profile (NASDAQ:GNTX)

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

Gentex Corporation announced a quarterly dividend on Wednesday, August 23rd. Shareholders 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 annualized dividend and a yield of 2.05%. The ex-dividend date is Thursday, October 5th. View Gentex Corporation's Dividend History.

Gentex Corporation shares split on 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 Corporation stock prior to the split would have 200 shares after the split.

Gentex Corporation declared that its Board of Directors has approved a stock buyback program on Thursday, August 24th 2017, which permits the company to repurchase 15,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Gentex Corporation (NASDAQ:GNTX) issued its quarterly earnings data on Friday, July, 21st. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.32 by $0.01. The business had revenue of $443.10 million for the quarter, compared to analyst estimates of $446.36 million. Gentex Corporation had a net margin of 21.01% and a return on equity of 18.95%. The company's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. View Gentex Corporation's Earnings History.

Gentex Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 19th 2017. View Earnings Estimates for Gentex Corporation.

8 analysts have issued 1-year price targets for Gentex Corporation's stock. Their forecasts range from $18.00 to $25.00. On average, they anticipate Gentex Corporation's share price to reach $21.58 in the next twelve months. View Analyst Ratings for Gentex Corporation.

Here are some recent quotes from research analysts about Gentex Corporation stock:

• 1. According to Zacks Investment Research, "Gentex Corporation is an international company that provides high-quality products to the worldwide automotive industry and North American fire protection market. The Company develops, manufactures and markets proprietary electro-optic products, including interior and exterior electrochromic, automatic-dimming Night Vision Safety automotive rearview mirrors that dim in proportion to the amount of headlight glare from trailing vehicle headlamps, and an extensive line of fire protection products for commercial applications. " (8/29/2017)
• 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)

Gentex Corporation saw a drop in short interest during the month of August. As of August 31st, there was short interest totalling 17,732,986 shares, a drop of 10.3% from the August 15th total of 19,777,149 shares. Based on an average daily trading volume, of 2,280,255 shares, the days-to-cover ratio is currently 7.8 days. Approximately 6.3% of the shares of the company are short sold.

Some companies that are related to Gentex Corporation include Autoliv (ALV), LKQ Corporation (LKQ), BorgWarner (BWA), GKN plc (GKNLY), Harley-Davidson (HOG), The Goodyear Tire & Rubber Company (GT), Wabco Holdings (WBC), Oshkosh Corporation (OSK), Allison Transmission Holdings (ALSN), Navistar International Corporation (NAV), Visteon Corporation (VC), Dana Incorporated (DAN), Tenneco (TEN), Dorman Products (DORM), Meritor (MTOR), Cooper-Standard Holdings (CPS), Cooper Tire & Rubber Company (CTB) and American Axle & Manufacturing Holdings (AXL).

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

Gentex Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.45%), Vanguard Group Inc. (8.09%), Burgundy Asset Management Ltd. (3.92%), State Street Corp (2.68%), FMR LLC (2.54%) and Schroder Investment Management Group (2.33%). 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.

Gentex Corporation's stock was sold by a variety of institutional investors in the last quarter, including Crawford Investment Counsel Inc., Los Angeles Capital Management & Equity Research Inc., Franklin Resources Inc., Royce & Associates LP, FMR LLC, Wells Fargo & Company MN, Pictet Asset Management Ltd. and King Luther Capital Management Corp. 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.

Gentex Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, BlackRock Inc., Dimensional Fund Advisors LP, Capital Fund Management S.A., Vanguard Group Inc., Janus Henderson Group PLC, Virginia Retirement Systems ET AL and Marshall Wace North America L.P.. View Insider Buying and Selling for Gentex Corporation.

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.

One share of Gentex Corporation stock can currently be purchased for approximately $19.48.