NASDAQ:GNTX

Gentex - GNTX Stock Forecast, Price & News

$23.84

-0.35 (-1.45%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $23.78
▼
$24.54
50-Day Range: $23.84
▼
$29.34
52-Week Range: $23.70
▼
$37.90

Volume: 1.58 million shs
Average Volume: 942,684 shs
Market Capitalization: $5.61 billion

P/E Ratio: 17.66
Dividend Yield: 1.98%
Price Target: $31.40

Gentex MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 31.7% Upside
$31.40 Price Target
Short Interest: Healthy
1.66% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -4.78
Upright™ Environmental Score
News Sentiment: 0.38
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 34.46%
From $1.48 to $1.99 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Auto/Tires/Trucks Sector

18th out of 110 stocks

Motor Vehicle Parts & Accessories Industry

9th out of 37 stocks

3.3

Analyst's Opinion

Consensus Rating
Gentex has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 4 buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $31.40, Gentex has a forecasted upside of 31.7% from its current price of $23.84.
Amount of Analyst Coverage
Gentex has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.66% of the float of Gentex has been sold short.
Short Interest Ratio / Days to Cover
Gentex has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Gentex has recently increased by 11.75%, indicating that investor sentiment is decreasing significantly.

4.2

Dividend Strength

Dividend Yield
Gentex pays a meaningful dividend of 1.98%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Gentex has been increasing its dividend for 11 years.
Dividend Coverage
The dividend payout ratio of Gentex is 35.56%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Gentex will have a dividend payout ratio of 24.12% next year. This indicates that Gentex will be able to sustain or increase its dividend.

1.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Gentex has received a -30.67% net impact score from Upright. The largest negative impact of Gentex in category "GHG emissions" seems to be driven mostly by its "Car lighting systems", "Car windows", and "Car sensors" products. See details.
Environmental Sustainability
The Environmental Impact score for Gentex is -4.78.

1.9

News and Social Media Coverage

News Sentiment
Gentex has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Gentex this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for GNTX on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Gentex to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Gentex insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.16% of the stock of Gentex is held by insiders.
Percentage Held by Institutions
86.54% of the stock of Gentex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Gentex are expected to grow by 34.46% in the coming year, from $1.48 to $1.99 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Gentex is 17.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.91.
Price to Earnings Ratio vs. Sector
The P/E ratio of Gentex is 17.66, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 10.45.
Price to Earnings Growth Ratio
Gentex has a PEG Ratio of 1.18. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Gentex has a P/B Ratio of 2.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Gentex (NASDAQ:GNTX) Stock

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.

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GNTX Stock News Headlines

September 29, 2022 | nasdaq.com

RSI Alert: Gentex Now Oversold - Nasdaq

September 27, 2022 | marketwatch.com

Trading Gentex GNTX With Integrated Risk Controls

September 24, 2022 | americanbankingnews.com

Gentex Co. (NASDAQ:GNTX) Given Average Rating of "Moderate Buy" by Brokerages

September 22, 2022 | finance.yahoo.com

Auto-Dimming Mirror Global Market Report 2022 - Yahoo Finance

September 21, 2022 | seekingalpha.com

Tracking John Rogers' Ariel Investments Portfolio – Q2 2022 Update (MUTF:AGLOX) - Seeking Alpha

September 17, 2022 | nasdaq.com

BWA or GNTX: Which Is the Better Value Stock Right Now? - Nasdaq

September 15, 2022 | nasdaq.com

Gentex (NASDAQ:GNTX) Will Pay A Dividend Of $0.12 - Nasdaq

September 7, 2022 | finance.yahoo.com

Rear-View Mirror Global Market Report 2022 - Yahoo Finance

September 5, 2022 | businesswire.com

Global Smart Glass and Smart Window Market to 2030 - Featuring Asahi Glass, Corning, Gentex and Hitachi Among Others - ResearchAndMarkets.com - Business Wire

September 3, 2022 | finance.yahoo.com

Gentex (NASDAQ:GNTX) Has Affirmed Its Dividend Of $0.12

September 1, 2022 | globenewswire.com

The Surge In The Automotive Industry Is Expected To Drive The Growth Of The Auto-Dimming Mirror Market As Per The Business Research Company's Auto-Dimming Mirror Global Market Report 2022 - GlobeNewswire

September 1, 2022 | finance.yahoo.com

With 8.80% CAGR, Global Electrochromic Glass Market Size to Surpass USD 2,702.55 Million by 2028 - Industry Trends, Share, Value, Analysis & Forecast Report by Facts & Factors - Yahoo Finance

September 1, 2022 | nasdaq.com

Is There Now An Opportunity In Gentex Corporation (NASDAQ:GNTX)? - Nasdaq

August 31, 2022 | nasdaq.com

BWA vs. GNTX: Which Stock Is the Better Value Option? - Nasdaq

August 31, 2022 | globenewswire.com

Gentex Announces Third Quarter 2022 Cash Dividend - GlobeNewswire

August 31, 2022 | benzinga.com

Gentex (GNTX) – Gentex Announces Third Quarter 2022 Cash Dividend - Benzinga

August 31, 2022 | finance.yahoo.com

Gentex Announces Third Quarter 2022 Cash Dividend

August 30, 2022 | marketwatch.com

Aptiv PLC stock falls Tuesday, still outperforms market - MarketWatch

August 30, 2022 | businesswire.com

Automotive Multi-camera System Market Analysis Report 2022: A $1.74 Billion Market in 2021 - Global Forecast to 2027 - ResearchAndMarkets.com - Business Wire

August 19, 2022 | finance.yahoo.com

The global smart mirror market size is estimated to be USD 2.7 billion in 2022 and is projected to reach USD 5.9 billion by 2027, at a CAGR of 16.8% - Yahoo Finance

August 16, 2022 | finance.yahoo.com

What Kind Of Shareholders Own Gentex Corporation (NASDAQ:GNTX)?

August 16, 2022 | finance.yahoo.com

BWA vs. GNTX: Which Stock Should Value Investors Buy Now?

August 12, 2022 | finance.yahoo.com

Smart Mirror Market | Untapped Growth Opportunities and Future Trends Analysis Report 2022-2030 | MDC Research - Yahoo Finance

August 2, 2022 | seekingalpha.com

Gentex Corporation: More Expensive In Spite Of A Lower Price - Seeking Alpha

July 25, 2022 | nasdaq.com

Comstock Resources (CRK) Earnings Expected to Grow: What to Know Ahead of Next Week's Release - Nasdaq

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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GNTX Company Calendar

Ex-Dividend for 7/20 Dividend: 7/07/2022
Dividend Payable: 7/20/2022
Last Earnings: 7/22/2022
Today: 10/02/2022
Ex-Dividend for 10/19 Dividend: 10/06/2022
Dividend Payable: 10/19/2022
Next Earnings (Estimated): 10/28/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Motor vehicle parts & accessories
Sub-Industry: Auto Parts & Equipment
Sector: Auto/Tires/Trucks
Current Symbol: NASDAQ:GNTX
CUSIP: 37190110
CIK: 355811
Web: www.gentex.com
Phone: (616) 772-1800
Fax: 616-772-7348
Employees: 4,998
Year Founded: 1974

Price Target and Rating

Average Stock Price Forecast: $31.40
High Stock Price Forecast: $35.00
Low Stock Price Forecast: $25.00
Forecasted Upside/Downside: +31.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.35
Trailing P/E Ratio: 17.66
Forward P/E Ratio: 16.11
P/E Growth: 1.18
Net Income: $360.80 million
Net Margins: 18.32%
Pretax Margin: 20.98%
Return on Equity: 16.58%
Return on Assets: 14.73%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.47
Quick Ratio: 2.09

Sales & Book Value

Annual Sales: $1.73 billion
Price / Sales: 3.24
Cash Flow: $1.92 per share
Price / Cash Flow: 12.44
Book Value: $8.19 per share
Price / Book: 2.91

Miscellaneous

Outstanding Shares: 235,130,000
Free Float: 234,754,000
Market Cap: $5.61 billion
Optionable: Optionable
Beta: 0.88

Social Links

Key Executives

Mr. Steven R. Downing (Age 44)
Pres, CEO & Director
Comp: $1.53M

Mr. Kevin C. Nash (Age 47)
VP of Fin., CFO, Treasurer & Chief Accounting Officer
Comp: $731.45k

Mr. Neil Boehm (Age 50)
CTO & VP of Engineering
Comp: $757.45k

Mr. Scott Ryan (Age 41)
VP, Gen. Counsel & Corp. Sec.
Comp: $633.72k

Mr. Matthew Chiodo (Age 57)
Sr. VP of Sales & Chief Sales Officer
Comp: $728.49k

Mr. Fred T. Bauer (Age 79)
Founder, Chairman Emeritus & Advisor

Mr. Paul V. Flynn (Age 57)
VP of Operations

Mr. Josh O'Berski
Director of Investor Relations

Craig Piersma
VP of Marketing & Corp. Communications

Mr. Joseph E. Matthews IV (Age 53)
VP of Purchasing & Diversity Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GNTX Stock - Frequently Asked Questions

Should I buy or sell Gentex stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gentex in the last twelve months. There are currently 1 sell rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GNTX shares.
View GNTX analyst ratings or view top-rated stocks.
What is Gentex's stock price forecast for 2022?: 5 analysts have issued twelve-month price targets for Gentex's stock. Their GNTX share price forecasts range from $25.00 to $35.00. On average, they expect the company's share price to reach $31.40 in the next twelve months. This suggests a possible upside of 31.7% from the stock's current price.
View analysts price targets for GNTX or view top-rated stocks among Wall Street analysts.
How have GNTX shares performed in 2022?: Gentex's stock was trading at $34.85 at the start of the year. Since then, GNTX shares have decreased by 31.6% and is now trading at $23.84.
View the best growth stocks for 2022 here.
When is Gentex's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, October 28th 2022.
View our GNTX earnings forecast.
How were Gentex's earnings last quarter?: Gentex Co. (NASDAQ:GNTX) released its quarterly earnings data on Friday, July, 22nd. The auto parts company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by $0.07. The auto parts company had revenue of $463.42 million for the quarter, compared to the consensus estimate of $472.24 million. Gentex had a net margin of 18.32% and a trailing twelve-month return on equity of 16.58%.
How often does Gentex pay dividends? What is the dividend yield for Gentex?: Gentex declared a quarterly dividend on Wednesday, August 31st. Shareholders of record on Friday, October 7th will be paid a dividend of $0.12 per share on Wednesday, October 19th. This represents a $0.48 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, October 6th.
Read our dividend analysis for GNTX.
Is Gentex a good dividend stock?: Gentex (NASDAQ:GNTX) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.98%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GNTX will have a dividend payout ratio of 24.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GNTX.
When did Gentex's stock split?: Shares of Gentex split on Friday, January 2nd 2015. The 2-1 split was announced on Friday, December 5th 2014. The newly minted shares were distributed to shareholders after the market closes on Wednesday, December 31st 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What guidance has Gentex issued on next quarter's earnings?: Gentex issued an update on its FY 2022 earnings guidance on Friday, July, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.87 billion-$1.97 billion, compared to the consensus revenue estimate of $1.95 billion.
What is Steve Downing's approval rating as Gentex's CEO?: 54 employees have rated Gentex Chief Executive Officer Steve Downing on Glassdoor.com. Steve Downing has an approval rating of 67% among the company's employees.
What other stocks do shareholders of Gentex own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Gentex investors own include Intel (INTC), Johnson & Johnson (JNJ), Gilead Sciences (GILD), Cisco Systems (CSCO), Walt Disney (DIS), CVS Health (CVS), Micron Technology (MU), Pfizer (PFE), Visa (V) and NVIDIA (NVDA).
What is Gentex's stock symbol?: Gentex trades on the NASDAQ under the ticker symbol "GNTX."
How do I buy shares of Gentex?: Shares of GNTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Gentex's stock price today?: One share of GNTX stock can currently be purchased for approximately $23.84.
How much money does Gentex make?: Gentex (NASDAQ:GNTX) has a market capitalization of $5.61 billion and generates $1.73 billion in revenue each year. The auto parts company earns $360.80 million in net income (profit) each year or $1.35 on an earnings per share basis.
How many employees does Gentex have?: The company employs 4,998 workers across the globe.
How can I contact Gentex?: Gentex's mailing address is 600 NORTH CENTENNIAL STREET, ZEELAND MI, 49464. The official website for the company is www.gentex.com. The auto parts company can be reached via phone at (616) 772-1800, via email at marketing@gentex.com, or via fax at 616-772-7348.

This page (NASDAQ:GNTX) was last updated on 10/2/2022 by MarketBeat.com Staff

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Gentex - GNTX Stock Forecast, Price & News

Gentex MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows