Gentex’s (GNTX) “Neutral” Rating Reiterated at Robert W. Baird

Robert W. Baird restated their neutral rating on shares of Gentex (NASDAQ:GNTX) in a research report sent to investors on Tuesday, Marketbeat reports. The firm currently has a $25.00 price target on the auto parts company’s stock, down from their prior price target of $31.00.

Several other equities analysts have also recently weighed in on the company. The Goldman Sachs Group lowered their price target on Gentex from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. UBS Group dropped their target price on shares of Gentex from $29.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Guggenheim set a $30.00 price target on Gentex in a report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, B. Riley reiterated a “buy” rating and set a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.06.

Gentex Stock Performance

GNTX stock opened at $21.56 on Tuesday. The business’s 50 day moving average price is $23.59 and its two-hundred day moving average price is $27.19. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84. Gentex has a fifty-two week low of $20.28 and a fifty-two week high of $35.33.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.10). Gentex had a net margin of 17.49% and a return on equity of 16.74%. During the same period in the prior year, the business posted $0.50 EPS. Sell-side analysts forecast that Gentex will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s dividend payout ratio (DPR) is 27.27%.

Institutional Investors Weigh In On Gentex

Institutional investors have recently made changes to their positions in the company. Midwest Capital Advisors LLC bought a new position in Gentex in the 4th quarter worth about $26,000. TD Private Client Wealth LLC boosted its position in shares of Gentex by 138.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 662 shares in the last quarter. Synergy Asset Management LLC purchased a new position in Gentex during the 4th quarter worth $34,000. Harbor Investment Advisory LLC raised its position in shares of Gentex by 208.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 1,093 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in Gentex by 103.3% in the 1st quarter. UMB Bank n.a. now owns 2,124 shares of the auto parts company’s stock worth $49,000 after acquiring an additional 1,079 shares during the last quarter. 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.