Gentex Corporation (GNTX) To Go Ex-Dividend on January 7th

Gentex Corporation (NASDAQ:GNTX) declared a quarterly dividend on Thursday, November 27th. Shareholders of record on Wednesday, January 7th will be given a dividend of 0.12 per share by the auto parts company on Wednesday, January 21st. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, January 7th.

Gentex has increased its dividend payment by an average of 0.0%per year over the last three years. Gentex has a payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Gentex to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 22.3%.

Gentex Stock Performance

Shares of NASDAQ GNTX opened at $23.69 on Monday. Gentex has a one year low of $20.28 and a one year high of $29.38. The firm has a market capitalization of $5.19 billion, a P/E ratio of 13.94 and a beta of 0.78. The company’s fifty day moving average is $23.21 and its two-hundred day moving average is $25.08.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, October 24th. The auto parts company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $570.32 million during the quarter, compared to analyst estimates of $661.10 million. Gentex had a net margin of 15.61% and a return on equity of 15.86%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.53 EPS. On average, sell-side analysts forecast that Gentex will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gentex

A number of institutional investors have recently made changes to their positions in GNTX. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Gentex by 142.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,589,585 shares of the auto parts company’s stock valued at $106,937,000 after acquiring an additional 2,695,117 shares during the last quarter. American Century Companies Inc. lifted its holdings in Gentex by 60.5% in the 2nd quarter. American Century Companies Inc. now owns 6,611,258 shares of the auto parts company’s stock valued at $145,382,000 after purchasing an additional 2,492,026 shares in the last quarter. Norges Bank purchased a new position in Gentex in the 2nd quarter valued at about $51,815,000. Qube Research & Technologies Ltd boosted its stake in shares of Gentex by 370.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,615,981 shares of the auto parts company’s stock worth $57,525,000 after purchasing an additional 2,060,287 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Gentex by 10.3% during the third quarter. Wellington Management Group LLP now owns 14,828,120 shares of the auto parts company’s stock worth $419,636,000 after buying an additional 1,383,203 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

About Gentex

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).