Gentex Co. (NASDAQ:GNTX – Free Report) – Analysts at Zacks Research cut their FY2026 earnings estimates for shares of Gentex in a research report issued on Tuesday, December 17th. Zacks Research analyst R. Department now anticipates that the auto parts company will post earnings per share of $2.29 for the year, down from their prior estimate of $2.30. The consensus estimate for Gentex’s current full-year earnings is $1.86 per share.
Several other research analysts also recently weighed in on the stock. Bank of America reduced their price target on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Guggenheim lowered their price target on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Robert W. Baird increased their price objective on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. UBS Group assumed coverage on shares of Gentex in a research note on Wednesday, September 4th. They set a “neutral” rating and a $34.00 target price on the stock. Finally, The Goldman Sachs Group reduced their target price on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.13.
Gentex Trading Up 0.0 %
NASDAQ:GNTX traded up $0.01 during trading hours on Thursday, reaching $29.32. 132,816 shares of the company were exchanged, compared to its average volume of 1,434,938. The stock’s 50-day moving average is $30.19 and its 200-day moving average is $31.11. Gentex has a twelve month low of $28.30 and a twelve month high of $37.58. The firm has a market cap of $6.67 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.09 and a beta of 0.91.
Gentex Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex’s dividend payout ratio is presently 25.67%.
Institutional Trading of Gentex
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Gentex by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock valued at $159,406,000 after buying an additional 285,802 shares during the period. Disciplined Growth Investors Inc. MN boosted its holdings in Gentex by 1.0% in the second quarter. Disciplined Growth Investors Inc. MN now owns 4,259,831 shares of the auto parts company’s stock valued at $143,599,000 after purchasing an additional 43,457 shares during the period. Thrivent Financial for Lutherans grew its stake in Gentex by 10.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 392,445 shares of the auto parts company’s stock worth $11,651,000 after purchasing an additional 36,134 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in Gentex by 56.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 109,451 shares of the auto parts company’s stock worth $3,690,000 after purchasing an additional 39,470 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Gentex in the 2nd quarter valued at about $1,037,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.
Gentex Company Profile
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.
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