BCGM Wealth Management LLC Has $1.63 Million Stock Holdings in Gentex Co. (NASDAQ:GNTX)

BCGM Wealth Management LLC lifted its stake in Gentex Co. (NASDAQ:GNTX) by 64.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,743 shares of the auto parts company’s stock after acquiring an additional 22,180 shares during the quarter. BCGM Wealth Management LLC’s holdings in Gentex were worth $1,630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. South Dakota Investment Council increased its position in shares of Gentex by 2.3% during the 4th quarter. South Dakota Investment Council now owns 124,056 shares of the auto parts company’s stock worth $3,564,000 after purchasing an additional 2,819 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. grew its stake in shares of Gentex by 0.7% in the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 559,239 shares of the auto parts company’s stock valued at $16,067,000 after buying an additional 3,887 shares in the last quarter. Rice Hall James & Associates LLC increased its holdings in Gentex by 59.4% during the fourth quarter. Rice Hall James & Associates LLC now owns 454,883 shares of the auto parts company’s stock worth $13,069,000 after buying an additional 169,586 shares during the last quarter. Cardinal Capital Management raised its position in Gentex by 3.8% during the fourth quarter. Cardinal Capital Management now owns 65,730 shares of the auto parts company’s stock worth $1,888,000 after acquiring an additional 2,432 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in Gentex by 6.0% in the fourth quarter. Sanctuary Advisors LLC now owns 12,994 shares of the auto parts company’s stock valued at $367,000 after acquiring an additional 731 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Analyst Ratings Changes

GNTX has been the topic of several recent analyst reports. B. Riley restated a “buy” rating and set a $32.50 price objective (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Guggenheim dropped their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. UBS Group reduced their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price target on Gentex in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.31.

Gentex Price Performance

GNTX opened at $24.37 on Monday. The company has a market capitalization of $5.54 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 0.84 and a beta of 0.91. The business has a fifty day simple moving average of $27.21 and a 200 day simple moving average of $29.05. Gentex Co. has a 1 year low of $24.20 and a 1 year high of $37.58.

Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing the consensus estimate 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 last year, the company earned $0.50 earnings per share. Equities analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

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

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.