Gentex (NASDAQ:GNTX) Sets New 1-Year Low – What’s Next?

Gentex Co. (NASDAQ:GNTX)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $27.64 and last traded at $27.70, with a volume of 1639275 shares. The stock had previously closed at $28.00.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GNTX shares. Bank of America lowered their price target on Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 14th. The Goldman Sachs Group lowered their target price on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Guggenheim reduced their price target 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. Finally, Robert W. Baird lifted their price target on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.13.

Gentex Stock Performance

The stock’s fifty day moving average is $29.88 and its two-hundred day moving average is $30.55. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.08 and a beta of 0.91.

Gentex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.73%. Gentex’s dividend payout ratio (DPR) is presently 25.67%.

Hedge Funds Weigh In On Gentex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lindenwold Advisors INC boosted its position in Gentex by 2.8% during the 3rd quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock worth $372,000 after acquiring an additional 347 shares during the period. Coldstream Capital Management Inc. lifted its holdings in Gentex by 5.8% in the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock worth $221,000 after purchasing an additional 408 shares during the period. United Services Automobile Association grew its position in Gentex by 2.5% in the 2nd quarter. United Services Automobile Association now owns 17,447 shares of the auto parts company’s stock valued at $588,000 after buying an additional 427 shares in the last quarter. Intellectus Partners LLC increased its stake in Gentex by 6.1% during the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock valued at $251,000 after buying an additional 484 shares during the period. Finally, JLB & Associates Inc. raised its position in shares of Gentex by 2.1% during the 3rd quarter. JLB & Associates Inc. now owns 24,031 shares of the auto parts company’s stock worth $713,000 after buying an additional 490 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

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.