Windsor Advisory Group LLC Invests $788,000 in Gentex Corporation $GNTX

Windsor Advisory Group LLC acquired a new stake in Gentex Corporation (NASDAQ:GNTX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 31,171 shares of the auto parts company’s stock, valued at approximately $788,000. Gentex accounts for about 0.6% of Windsor Advisory Group LLC’s investment portfolio, making the stock its 25th biggest holding.

A number of other institutional investors have also recently made changes to their positions in GNTX. XXEC Inc. acquired a new position in shares of Gentex in the second quarter valued at approximately $7,705,220,000. BlackRock Inc. acquired a new stake in Gentex during the 2nd quarter worth approximately $550,287,000. Bank of Montreal Can boosted its position in Gentex by 14,398.7% in the 4th quarter. Bank of Montreal Can now owns 7,726,057 shares of the auto parts company’s stock valued at $179,785,000 after buying an additional 7,672,769 shares during the period. Caisse de depot et placement du Quebec acquired a new position in shares of Gentex in the second quarter worth $79,924,000. Finally, Norges Bank acquired a new position in shares of Gentex in the fourth quarter worth $52,767,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GNTX shares. Weiss Ratings raised Gentex from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Freedom Capital cut Gentex from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. UBS Group reissued a “neutral” rating and set a $25.00 target price (down from $26.00) on shares of Gentex in a research note on Thursday, July 9th. JPMorgan Chase & Co. cut their price target on Gentex from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Finally, Wall Street Zen lowered Gentex from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.80.

Gentex Trading Up 0.9%

Shares of NASDAQ:GNTX opened at $23.87 on Thursday. Gentex Corporation has a 52 week low of $20.48 and a 52 week high of $29.38. The company’s 50 day moving average is $24.16 and its two-hundred day moving average is $23.48. The company has a market cap of $5.08 billion, a PE ratio of 12.63 and a beta of 0.79.

Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, July 24th. The auto parts company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. The business had revenue of $651.30 million during the quarter, compared to analysts’ expectations of $669.65 million. Gentex had a net margin of 15.50% and a return on equity of 16.78%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. As a group, equities research analysts expect that Gentex Corporation will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, July 8th. Gentex’s payout ratio is 25.40%.

Gentex Company Profile

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).