A number of other equities research analysts also recently issued reports on the company. Cfra boosted their price target on Gentex from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Zacks Investment Research downgraded Gentex from a “hold” rating to a “sell” rating and set a $31.00 price target for the company. in a research note on Tuesday, December 24th. B. Riley restated a “buy” rating and set a $35.00 price target on shares of Gentex in a research note on Thursday, December 19th. ValuEngine upgraded Gentex from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Jefferies Financial Group upgraded Gentex from a “hold” rating to a “buy” rating and boosted their price objective for the company from $27.00 to $37.00 in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $32.33.
Gentex stock opened at $22.71 on Friday. The business has a 50-day simple moving average of $26.92 and a two-hundred day simple moving average of $28.16. The company has a market cap of $5.37 billion, a P/E ratio of 13.76, a P/E/G ratio of 3.09 and a beta of 1.14. Gentex has a 52-week low of $19.48 and a 52-week high of $31.27.
Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The business had revenue of $443.84 million during the quarter, compared to the consensus estimate of $445.94 million. Gentex had a return on equity of 22.29% and a net margin of 22.85%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. On average, equities research analysts forecast that Gentex will post 1.72 EPS for the current fiscal year.
In related news, Director James H. Wallace sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $30.06, for a total transaction of $360,720.00. Following the completion of the transaction, the director now directly owns 33,803 shares in the company, valued at approximately $1,016,118.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.37% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Chevy Chase Trust Holdings Inc. bought a new position in shares of Gentex during the 4th quarter valued at approximately $39,000. Clear Harbor Asset Management LLC bought a new position in shares of Gentex during the 4th quarter valued at approximately $41,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Gentex by 54.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,474 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 517 shares during the period. NumerixS Investment Technologies Inc grew its stake in shares of Gentex by 40.2% during the 4th quarter. NumerixS Investment Technologies Inc now owns 1,822 shares of the auto parts company’s stock valued at $53,000 after acquiring an additional 522 shares during the period. Finally, Brooktree Capital Management bought a new position in shares of Gentex during the 4th quarter valued at approximately $70,000. Institutional investors own 83.30% of the company’s stock.
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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