Gentex Co. (NASDAQ:GNTX) Director Sells $85,833.65 in Stock

Gentex Co. (NASDAQ:GNTXGet Rating) Director Gary F. Goode sold 2,845 shares of the company’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $30.17, for a total value of $85,833.65. Following the completion of the sale, the director now directly owns 27,861 shares in the company, valued at $840,566.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of GNTX stock traded down $0.12 on Monday, hitting $29.71. The stock had a trading volume of 46,559 shares, compared to its average volume of 1,165,238. The firm has a market capitalization of $6.97 billion, a P/E ratio of 21.31, a P/E/G ratio of 1.59 and a beta of 0.89. Gentex Co. has a 1 year low of $27.06 and a 1 year high of $37.90. The company’s 50 day moving average price is $28.96 and its 200-day moving average price is $31.80.

Gentex (NASDAQ:GNTXGet Rating) last released its earnings results on Friday, April 22nd. The auto parts company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Gentex had a return on equity of 17.46% and a net margin of 19.52%. The business had revenue of $468.50 million for the quarter, compared to analyst estimates of $432.40 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities analysts forecast that Gentex Co. will post 1.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 20th. Shareholders of record on Friday, April 8th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, April 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.62%. Gentex’s payout ratio is 34.29%.

A number of institutional investors and hedge funds have recently bought and sold shares of GNTX. Toroso Investments LLC lifted its position in shares of Gentex by 42.9% in the first quarter. Toroso Investments LLC now owns 16,763 shares of the auto parts company’s stock valued at $489,000 after acquiring an additional 5,036 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Gentex by 4.3% in the first quarter. Gabelli Funds LLC now owns 120,000 shares of the auto parts company’s stock valued at $3,500,000 after acquiring an additional 5,000 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Gentex by 3.9% in the first quarter. Gamco Investors INC. ET AL now owns 213,800 shares of the auto parts company’s stock valued at $6,237,000 after acquiring an additional 8,040 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Gentex by 20.8% in the first quarter. Advisors Asset Management Inc. now owns 31,096 shares of the auto parts company’s stock valued at $907,000 after acquiring an additional 5,350 shares in the last quarter. Finally, Shay Capital LLC lifted its position in shares of Gentex by 20.0% in the first quarter. Shay Capital LLC now owns 12,000 shares of the auto parts company’s stock valued at $350,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors own 86.24% of the company’s stock.

Several brokerages recently weighed in on GNTX. Exane BNP Paribas began coverage on Gentex in a research note on Monday, April 11th. They issued an “outperform” rating on the stock. Zacks Investment Research raised Gentex from a “sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a research note on Wednesday, April 27th. The Goldman Sachs Group decreased their target price on Gentex from $28.00 to $25.00 and set a “sell” rating on the stock in a research note on Tuesday, March 22nd. StockNews.com began coverage on Gentex in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Robert W. Baird raised their price target on Gentex from $33.00 to $34.00 in a report on Monday, April 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Gentex has a consensus rating of “Buy” and an average target price of $33.38.

Gentex Company Profile (Get Rating)

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.

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