Key Points
- Gentex CEO Steven Downing sold 35,000 shares on Feb. 17 at an average price of $24.75 for a total of $866,250, trimming his position by 14.19% to 211,670 shares (≈$5.24M).
- Gentex reported Q results with $0.43 EPS (in line) and revenue of $644.4M (up 19% YoY); the stock trades near $23.77, has a market cap of ~$5.2B, a P/E of 13.66, and a $0.48 annual dividend (~2.0% yield).
- Analysts have an average rating of Hold with an average price target of $26.71, and institutional investors own about 86.76% of the company.
Gentex Corporation (NASDAQ:GNTX - Get Free Report) CTO Neil Boehm sold 11,248 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $24.82, for a total transaction of $279,175.36. Following the completion of the transaction, the chief technology officer owned 58,951 shares in the company, valued at approximately $1,463,163.82. This represents a 16.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Gentex Stock Down 0.6%
Shares of NASDAQ:GNTX traded down $0.14 during trading on Friday, reaching $23.83. 444,861 shares of the company traded hands, compared to its average volume of 2,544,083. The firm has a fifty day simple moving average of $23.91 and a 200 day simple moving average of $25.19. The firm has a market cap of $5.22 billion, a P/E ratio of 13.71 and a beta of 0.78. Gentex Corporation has a 1-year low of $20.28 and a 1-year high of $29.38.
Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings results on Friday, January 30th. The auto parts company reported $0.43 earnings per share for the quarter, hitting analysts' consensus estimates of $0.43. Gentex had a net margin of 15.19% and a return on equity of 16.05%. The business had revenue of $644.40 million for the quarter, compared to the consensus estimate of $650.90 million. During the same period in the prior year, the business posted $0.39 earnings per share. Gentex's revenue for the quarter was up 19.0% compared to the same quarter last year. As a group, research analysts anticipate that Gentex Corporation will post 2.04 EPS for the current year.
Gentex Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, January 7th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, January 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.0%. Gentex's dividend payout ratio (DPR) is 27.59%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. B. Riley Financial lowered their price target on Gentex from $32.00 to $28.00 and set a "buy" rating for the company in a research note on Monday, February 2nd. Robert W. Baird set a $26.00 target price on shares of Gentex in a research note on Wednesday, January 14th. UBS Group set a $25.00 target price on shares of Gentex in a research report on Monday, February 2nd. Weiss Ratings restated a "hold (c)" rating on shares of Gentex in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group set a $27.00 price objective on shares of Gentex and gave the company a "neutral" rating in a research note on Monday, October 27th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $26.71.
View Our Latest Analysis on Gentex
Institutional Investors Weigh In On Gentex
A number of large investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC raised its position in shares of Gentex by 21.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,479 shares of the auto parts company's stock valued at $58,000 after purchasing an additional 437 shares during the period. Gagnon Securities LLC boosted its holdings in shares of Gentex by 0.8% during the 4th quarter. Gagnon Securities LLC now owns 55,672 shares of the auto parts company's stock worth $1,295,000 after buying an additional 458 shares during the period. CWM LLC grew its stake in Gentex by 5.1% in the 3rd quarter. CWM LLC now owns 9,648 shares of the auto parts company's stock valued at $273,000 after buying an additional 467 shares during the last quarter. Arizona State Retirement System raised its holdings in Gentex by 0.7% in the 3rd quarter. Arizona State Retirement System now owns 66,519 shares of the auto parts company's stock worth $1,882,000 after acquiring an additional 487 shares during the period. Finally, First Citizens Bank & Trust Co. raised its holdings in Gentex by 1.9% in the 4th quarter. First Citizens Bank & Trust Co. now owns 29,807 shares of the auto parts company's stock worth $694,000 after acquiring an additional 559 shares during the period. Institutional investors own 86.76% of the company's stock.
About Gentex
(
Get Free Report)
Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company's primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world's leading original equipment manufacturers (OEMs).
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