Gentex Co. (NASDAQ:GNTX) Director Sells $117,044.00 in Stock

Gentex Co. (NASDAQ:GNTX) Director Gary F. Goode sold 5,045 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $23.20, for a total transaction of $117,044.00. Following the sale, the director now owns 21,045 shares of the company’s stock, valued at approximately $488,244. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Gentex stock opened at $22.08 on Friday. The stock has a market cap of $5.67 billion, a PE ratio of 13.63, a PEG ratio of 2.24 and a beta of 1.14. Gentex Co. has a one year low of $17.80 and a one year high of $25.41.

Gentex (NASDAQ:GNTX) last announced its earnings results on Wednesday, April 24th. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. The firm had revenue of $468.60 million during the quarter, compared to analyst estimates of $463.79 million. Gentex had a net margin of 23.45% and a return on equity of 23.03%. Gentex’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. On average, research analysts expect that Gentex Co. will post 1.64 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend was Tuesday, April 9th. This is a positive change from Gentex’s previous quarterly dividend of $0.11. Gentex’s dividend payout ratio is currently 28.40%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. TrimTabs Asset Management LLC acquired a new stake in Gentex in the 4th quarter valued at about $1,040,000. Rhumbline Advisers lifted its holdings in Gentex by 31.5% in the 4th quarter. Rhumbline Advisers now owns 802,172 shares of the auto parts company’s stock valued at $16,212,000 after acquiring an additional 192,037 shares during the last quarter. Morgan Stanley lifted its holdings in Gentex by 14.0% in the 3rd quarter. Morgan Stanley now owns 1,050,613 shares of the auto parts company’s stock valued at $22,547,000 after acquiring an additional 129,069 shares during the last quarter. Cardinal Capital Management lifted its holdings in Gentex by 3.0% in the 4th quarter. Cardinal Capital Management now owns 30,619 shares of the auto parts company’s stock valued at $618,000 after acquiring an additional 901 shares during the last quarter. Finally, Kays Financial Advisory Corp ADV lifted its holdings in Gentex by 6.0% in the 4th quarter. Kays Financial Advisory Corp ADV now owns 68,763 shares of the auto parts company’s stock valued at $1,390,000 after acquiring an additional 3,911 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Several research firms have recently commented on GNTX. BidaskClub lowered shares of Gentex from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Zacks Investment Research lowered shares of Gentex from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. BMO Capital Markets lowered their price target on shares of Gentex from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, April 2nd. Longbow Research lowered shares of Gentex from a “buy” rating to a “neutral” rating and set a $20.65 price target for the company. in a research report on Tuesday, February 5th. Finally, Jefferies Financial Group restated a “hold” rating and set a $23.00 price target on shares of Gentex in a research report on Monday, February 4th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $22.28.

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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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