Neil Boehm Sells 11,248 Shares of Gentex (NASDAQ:GNTX) Stock

Gentex Corporation (NASDAQ:GNTX) CTO Neil Boehm sold 11,248 shares of Gentex stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $24.82, for a total transaction of $279,175.36. Following the completion of the sale, the chief technology officer directly owned 58,951 shares of the company’s stock, valued at approximately $1,463,163.82. The trade was a 16.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Gentex Price Performance

Gentex stock opened at $23.97 on Friday. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 13.78 and a beta of 0.78. Gentex Corporation has a one year low of $20.28 and a one year high of $29.38. The company’s fifty day moving average price is $23.92 and its two-hundred day moving average price is $25.18.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, January 30th. The auto parts company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The company had revenue of $644.40 million during the quarter, compared to analysts’ expectations of $650.90 million. Gentex had a return on equity of 16.05% and a net margin of 15.19%.The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. As a group, sell-side analysts anticipate that Gentex Corporation will post 2.04 earnings per share for the current year.

Gentex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, January 7th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, January 7th. Gentex’s payout ratio is 27.59%.

Hedge Funds Weigh In On Gentex

Several large investors have recently bought and sold shares of GNTX. Addison Advisors LLC acquired a new stake in Gentex in the 2nd quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Gentex during the third quarter valued at about $38,000. Clearstead Advisors LLC lifted its stake in shares of Gentex by 82.3% in the third quarter. Clearstead Advisors LLC now owns 2,042 shares of the auto parts company’s stock valued at $58,000 after buying an additional 922 shares during the period. CIBC Private Wealth Group LLC grew its position in Gentex by 2,420.7% during the third quarter. CIBC Private Wealth Group LLC now owns 2,067 shares of the auto parts company’s stock worth $58,000 after buying an additional 1,985 shares in the last quarter. Finally, Arax Advisory Partners acquired a new stake in Gentex during the fourth quarter worth about $52,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GNTX shares. Weiss Ratings reissued a “hold (c)” rating on shares of Gentex in a research report on Thursday, January 22nd. The Goldman Sachs Group set a $27.00 target price on shares of Gentex and gave the company a “neutral” rating in a research note on Monday, October 27th. UBS Group set a $25.00 target price on shares of Gentex in a report on Monday, February 2nd. Robert W. Baird set a $26.00 price target on shares of Gentex in a report on Wednesday, January 14th. Finally, B. Riley Financial lowered their price target on Gentex from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.71.

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).