Brokerages Set Gentex Co. (NASDAQ:GNTX) PT at $35.13

Gentex Co. (NASDAQ:GNTX) has been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $35.13.

GNTX has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their price target on Gentex from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Robert W. Baird increased their price target on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Bank of America reduced their price objective 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. Finally, Guggenheim decreased their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, November 21st.

Gentex Price Performance

Shares of GNTX stock opened at $26.86 on Monday. The stock has a market cap of $6.11 billion, a P/E ratio of 14.36, a P/E/G ratio of 1.08 and a beta of 0.91. The company has a fifty day moving average price of $29.66 and a two-hundred day moving average price of $30.40. Gentex has a one year low of $26.58 and a one year high of $37.58.

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors 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 yield of 1.79%. The ex-dividend date is Wednesday, January 8th. Gentex’s dividend payout ratio is 25.67%.

Institutional Trading of Gentex

A number of institutional investors have recently bought and sold shares of GNTX. Quest Partners LLC bought a new stake in shares of Gentex in the second quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of Gentex by 173.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 850 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 1,269 shares in the last quarter. HHM Wealth Advisors LLC bought a new position in shares of Gentex in the second quarter worth $67,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Gentex during the third quarter worth about $125,000. 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.