Gentex (NASDAQ:GNTX) Reaches New 1-Year Low – Time to Sell?

Shares of Gentex Co. (NASDAQ:GNTX) hit a new 52-week low during trading on Tuesday . The stock traded as low as $23.75 and last traded at $23.79, with a volume of 26464 shares trading hands. The stock had previously closed at $24.19.

Analyst Ratings Changes

Several analysts have recently commented on GNTX shares. Guggenheim decreased their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. UBS Group reduced their price target on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Robert W. Baird set a $31.00 price target on shares of Gentex in a report on Monday, February 3rd. B. Riley reiterated a “buy” rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Gentex presently has a consensus rating of “Hold” and an average price target of $32.31.

Gentex Trading Down 1.8 %

The business’s 50 day moving average is $26.60 and its 200 day moving average is $28.86. The stock has a market capitalization of $5.39 billion, a PE ratio of 13.49, a PEG ratio of 0.84 and a beta of 0.91.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data 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 net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the prior year, the business posted $0.50 EPS. As a group, analysts anticipate that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 2.02%. Gentex’s payout ratio is 27.27%.

Institutional Investors Weigh In On Gentex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Midwest Capital Advisors LLC bought a new stake in shares of Gentex in the 4th quarter valued at about $26,000. TD Private Client Wealth LLC raised its holdings in shares of Gentex by 138.8% in 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 purchasing an additional 662 shares in the last quarter. Synergy Asset Management LLC bought a new stake in shares of Gentex in the 4th quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Gentex by 32.5% in 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 purchasing an additional 593 shares in the last quarter. Finally, LRI Investments LLC raised its holdings in shares of Gentex by 33.2% in the 4th quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company’s stock valued at $79,000 after purchasing an additional 686 shares in the last quarter. 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.