Gentex (NASDAQ:GNTX) Reaches New 12-Month Low – Should You Sell?

Gentex Co. (NASDAQ:GNTX)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $24.27 and last traded at $24.28, with a volume of 765983 shares traded. The stock had previously closed at $24.77.

Wall Street Analyst Weigh In

A number of research firms have commented on GNTX. B. Riley reaffirmed a “buy” rating and issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. UBS Group decreased their price objective on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Robert W. Baird lifted their price objective on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Guggenheim decreased their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. cut their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Six investment 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, the stock presently has a consensus rating of “Hold” and an average target price of $33.06.

Gentex Stock Down 0.9 %

The firm’s 50-day simple moving average is $27.34 and its 200 day simple moving average is $29.08. The stock has a market capitalization of $5.54 billion, a P/E ratio of 13.85, a PEG ratio of 0.84 and a beta of 0.91.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.10). Gentex had a return on equity of 16.74% and a net margin of 17.49%. During the same period in the previous year, the firm posted $0.50 earnings per share. As a group, equities analysts anticipate that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.97%. Gentex’s dividend payout ratio is currently 27.27%.

Hedge Funds Weigh In On Gentex

Several institutional investors and hedge funds have recently bought and sold shares of GNTX. Midwest Capital Advisors LLC purchased a new position in Gentex during the 4th quarter valued at about $26,000. TD Private Client Wealth LLC lifted its holdings in shares of Gentex by 138.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock valued at $33,000 after buying an additional 662 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Gentex during the 4th quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Gentex by 32.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after buying an additional 593 shares during the last quarter. Finally, LRI Investments LLC lifted its holdings in shares of Gentex by 33.2% during the 4th quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company’s stock valued at $79,000 after buying an additional 686 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

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.