Gentex Co. (NASDAQ:GNTX) Receives $35.13 Average Target Price from Analysts

Shares of Gentex Co. (NASDAQ:GNTX) have been assigned a consensus rating of “Hold” from the eight research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $35.13.

A number of research analysts have recently commented on GNTX shares. Robert W. Baird increased their target price on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. The Goldman Sachs Group cut their target price on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Bank of America lowered their price target on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Finally, Guggenheim cut their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, November 21st.

Gentex Stock Performance

Gentex stock opened at $26.86 on Monday. Gentex has a 52 week low of $26.58 and a 52 week high of $37.58. The stock has a market capitalization of $6.11 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91. The stock has a fifty day moving average of $29.66 and a 200-day moving average of $30.40.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex’s dividend payout ratio (DPR) is presently 25.67%.

Institutional Trading of Gentex

A number of institutional investors have recently bought and sold shares of GNTX. Quest Partners LLC bought a new stake in shares of Gentex during the 2nd quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Gentex by 173.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock worth $42,000 after buying an additional 850 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock worth $54,000 after buying an additional 1,269 shares during the period. HHM Wealth Advisors LLC bought a new stake in shares of Gentex in the 2nd quarter valued at $67,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Gentex during the 3rd quarter valued at $125,000. Institutional investors own 86.76% of the company’s stock.

About Gentex

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, Republic of Korea, 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.