Hennion & Walsh Asset Management Inc. Has $1.95 Million Holdings in Gentex Co. (NASDAQ:GNTX)

Hennion & Walsh Asset Management Inc. boosted its stake in Gentex Co. (NASDAQ:GNTX) by 16.0% in the fourth quarter, Holdings Channel reports. The firm owned 67,796 shares of the auto parts company’s stock after purchasing an additional 9,354 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Gentex were worth $1,948,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. grew its position in Gentex by 32.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after acquiring an additional 593 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Gentex by 20.1% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,936 shares of the auto parts company’s stock valued at $257,000 after acquiring an additional 1,493 shares during the last quarter. Oak Thistle LLC bought a new position in Gentex in the fourth quarter valued at about $988,000. 180 Wealth Advisors LLC grew its position in Gentex by 0.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock valued at $1,891,000 after acquiring an additional 437 shares during the last quarter. Finally, Reinhart Partners LLC. grew its position in Gentex by 1.9% in the fourth quarter. Reinhart Partners LLC. now owns 1,124,403 shares of the auto parts company’s stock valued at $32,304,000 after acquiring an additional 20,624 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on GNTX. Bank of America decreased their target price on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. The Goldman Sachs Group reduced their price target on Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Robert W. Baird boosted their price target on Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Guggenheim reduced their price target on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Gentex has a consensus rating of “Hold” and a consensus price target of $35.13.

Gentex Price Performance

Shares of GNTX stock opened at $27.97 on Friday. The business’s 50 day simple moving average is $29.37 and its 200 day simple moving average is $30.23. Gentex Co. has a one year low of $26.58 and a one year high of $37.58. The stock has a market capitalization of $6.36 billion, a PE ratio of 14.96, a PEG ratio of 0.83 and a beta of 0.91.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex’s payout ratio is presently 25.67%.

About Gentex

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.