Key Points
- Gentex director Brian Walker sold 5,939 shares on May 15 at an average price of $22.98, totaling about $136,478. The sale reduced his ownership by 19.7% to 24,205 shares.
- The company posted better-than-expected quarterly results, reporting earnings of $0.48 per share versus the $0.44 consensus and revenue of $675.44 million versus expectations of $649.42 million. Revenue rose 17.1% year over year.
- Gentex continues to pay a dividend and remains broadly followed by analysts, with a quarterly payout of $0.12 per share and a 2.1% yield. Wall Street’s average rating is “Hold,” with an average price target of $26.83.
Gentex Corporation (NASDAQ:GNTX - Get Free Report) Director Brian Walker sold 5,939 shares of Gentex stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $22.98, for a total value of $136,478.22. Following the completion of the sale, the director owned 24,205 shares of the company's stock, valued at $556,230.90. The trade was a 19.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Gentex Price Performance
GNTX stock opened at $22.87 on Friday. The business has a 50-day moving average price of $22.19 and a 200 day moving average price of $23.08. The company has a market capitalization of $4.87 billion, a P/E ratio of 12.85 and a beta of 0.78. Gentex Corporation has a 1-year low of $20.48 and a 1-year high of $29.38.
Gentex (NASDAQ:GNTX - Get Free Report) last released its quarterly earnings data on Friday, April 24th. The auto parts company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. The firm had revenue of $675.44 million during the quarter, compared to the consensus estimate of $649.42 million. Gentex had a return on equity of 16.27% and a net margin of 14.75%.The firm's quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. On average, analysts anticipate that Gentex Corporation will post 1.92 earnings per share for the current fiscal year.
Gentex Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, April 8th. Gentex's payout ratio is presently 26.97%.
Institutional Investors Weigh In On Gentex
A number of large investors have recently modified their holdings of GNTX. Anchor Investment Management LLC purchased a new stake in shares of Gentex during the first quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Gentex during the third quarter worth about $38,000. AdvisorNet Financial Inc grew its stake in shares of Gentex by 2,299.0% during the first quarter. AdvisorNet Financial Inc now owns 2,399 shares of the auto parts company's stock worth $52,000 after acquiring an additional 2,299 shares during the last quarter. Arax Advisory Partners purchased a new stake in shares of Gentex during the fourth quarter worth about $52,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of Gentex during the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 86.76% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on GNTX shares. B. Riley Financial reiterated a "buy" rating and issued a $29.00 target price (up from $28.00) on shares of Gentex in a research note on Monday, April 27th. JPMorgan Chase & Co. lifted their target price on Gentex from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday. Wall Street Zen upgraded Gentex from a "hold" rating to a "buy" rating in a research note on Sunday, March 8th. Robert W. Baird lifted their target price on Gentex from $25.00 to $26.00 and gave the company a "neutral" rating in a research note on Monday, April 27th. Finally, Freedom Capital upgraded Gentex to a "strong-buy" rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $26.83.
View Our Latest Analysis on GNTX
More Gentex News
Here are the key news stories impacting Gentex this week:
- Positive Sentiment: JPMorgan raised its price target on Gentex to $28 from $27, suggesting improved valuation expectations despite maintaining a neutral rating.
- Positive Sentiment: Zacks Research increased FY2026 EPS estimates to $1.91 from $1.89 and raised Q2 2027 and Q3 2027 earnings forecasts, signaling expectations for steady medium-term earnings growth.
- Neutral Sentiment: Gentex director Joseph B. Anderson, Jr. sold 5,939 shares at $22.98, a modest insider transaction that may add some investor caution but does not by itself indicate a major fundamental change.
- Neutral Sentiment: Analysts also nudged FY2027 EPS estimates lower to $2.13 from $2.17 and trimmed Q4 2027 and Q1 2027 forecasts, showing some near-term caution around longer-dated earnings.
- Negative Sentiment: Zacks Research lowered Q4 2026 EPS to $0.47 from $0.48 and cut Q1 2027 EPS to $0.51 from $0.54, which could slightly pressure sentiment around the next few quarters.
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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