Analysts Set Gentex Co. (NASDAQ:GNTX) Price Target at $35.13

Shares of Gentex Co. (NASDAQ:GNTX) have earned an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $35.13.

A number of equities research analysts have recently weighed in on GNTX shares. UBS Group began coverage on shares of Gentex in a research note on Wednesday, September 4th. They set a “neutral” rating and a $34.00 target price on the stock. The Goldman Sachs Group cut their price objective on Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Guggenheim decreased their target price on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Bank of America dropped their price target on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Finally, Robert W. Baird increased their price objective on Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, October 28th.

Institutional Investors Weigh In On Gentex

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quest Partners LLC purchased a new stake in shares of Gentex during the 2nd quarter valued at about $31,000. Gladius Capital Management LP bought a new position in Gentex in the second quarter worth approximately $34,000. EverSource Wealth Advisors LLC boosted its stake in shares of Gentex by 173.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock worth $42,000 after acquiring an additional 850 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 1,269 shares during the period. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Gentex in the 2nd quarter worth $67,000. Institutional investors own 86.76% of the company’s stock.

Gentex Stock Down 2.1 %

NASDAQ:GNTX opened at $29.31 on Thursday. The firm’s fifty day simple moving average is $30.19 and its 200 day simple moving average is $31.11. The stock has a market cap of $6.67 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 1.09 and a beta of 0.91. Gentex has a twelve month low of $28.30 and a twelve month high of $37.58.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex’s dividend payout ratio (DPR) is 25.67%.

Gentex Company Profile

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.