Longbow Research reissued their hold rating on shares of Gentex (NASDAQ:GNTX) in a report released on Sunday, AnalystRatings.com reports.

A number of other equities analysts have also weighed in on GNTX. BidaskClub lowered Xencor from a sell rating to a strong sell rating in a research note on Tuesday, June 11th. Zacks Investment Research upgraded Eutelsat Communications from a hold rating to a strong-buy rating and set a $21.00 target price on the stock in a research report on Wednesday, June 12th. Finally, BMO Capital Markets restated a hold rating on shares of First Majestic Silver in a research report on Tuesday, April 2nd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Gentex currently has a consensus rating of Hold and an average price target of $22.28.

GNTX traded down $0.16 during trading on Friday, hitting $23.46. The company’s stock had a trading volume of 41,021 shares, compared to its average volume of 1,706,097. Gentex has a twelve month low of $17.80 and a twelve month high of $25.00. The business’s fifty day moving average price is $23.40. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 2.47 and a beta of 1.21.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Wednesday, April 24th. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. The firm had revenue of $468.60 million for the quarter, compared to analyst estimates of $463.79 million. Gentex had a return on equity of 23.03% and a net margin of 23.45%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. As a group, analysts anticipate that Gentex will post 1.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 10th will be given a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $0.46 dividend on an annualized basis and a yield of 1.96%. Gentex’s dividend payout ratio is currently 28.40%.

In other Gentex news, Director Gary F. Goode sold 5,045 shares of Gentex stock in a transaction on Monday, April 29th. The stock was sold at an average price of $23.20, for a total value of $117,044.00. Following the sale, the director now owns 21,045 shares in the company, valued at $488,244. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV purchased a new stake in shares of Gentex in the 1st quarter valued at $27,000. Bremer Bank National Association purchased a new stake in shares of Gentex in the 1st quarter valued at $29,000. Icon Wealth Partners LLC purchased a new stake in shares of Gentex in the 1st quarter valued at $31,000. Carroll Financial Associates Inc. grew its stake in Gentex by 159.1% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,285 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 789 shares in the last quarter. Finally, Dubuque Bank & Trust Co. acquired a new position in Gentex during the 1st quarter worth $33,000. Institutional investors own 82.60% of the company’s stock.

Gentex Company Profile

Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.

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Analyst Recommendations for Gentex (NASDAQ:GNTX)

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