Gentex Co. (NASDAQ:GNTX) SVP Jae Kim sold 1,149 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $13.00, for a total transaction of $14,937.00. Following the completion of the sale, the senior vice president now directly owns 132,877 shares in the company, valued at approximately $1,727,401. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ GNTX traded up $0.14 on Friday, hitting $27.28. The company’s stock had a trading volume of 1,321,932 shares, compared to its average volume of 1,570,278. Gentex Co. has a 12-month low of $17.80 and a 12-month high of $27.94. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. The stock has a 50 day moving average of $26.74 and a 200-day moving average of $23.33.
Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, July 19th. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $468.71 million for the quarter, compared to the consensus estimate of $462.65 million. Gentex had a net margin of 23.28% and a return on equity of 23.08%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 earnings per share. On average, sell-side analysts forecast that Gentex Co. will post 1.68 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sigma Planning Corp lifted its stake in shares of Gentex by 2.2% during the second quarter. Sigma Planning Corp now owns 17,943 shares of the auto parts company’s stock valued at $442,000 after buying an additional 386 shares during the period. Buckhead Capital Management LLC lifted its stake in shares of Gentex by 0.3% during the second quarter. Buckhead Capital Management LLC now owns 136,183 shares of the auto parts company’s stock valued at $3,351,000 after buying an additional 405 shares during the period. BancorpSouth Bank lifted its stake in shares of Gentex by 2.3% during the second quarter. BancorpSouth Bank now owns 23,799 shares of the auto parts company’s stock valued at $585,000 after buying an additional 534 shares during the period. Hammer Asset Management LLC lifted its stake in shares of Gentex by 0.4% during the second quarter. Hammer Asset Management LLC now owns 149,969 shares of the auto parts company’s stock valued at $3,691,000 after buying an additional 543 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Gentex by 23.7% during the first quarter. Parallel Advisors LLC now owns 2,857 shares of the auto parts company’s stock valued at $59,000 after buying an additional 547 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.
GNTX has been the topic of several recent research reports. Longbow Research reaffirmed a “hold” rating on shares of Gentex in a report on Sunday, July 7th. ValuEngine downgraded shares of Gentex from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Gentex from a “sell” rating to a “hold” rating and set a $28.00 price target on the stock in a report on Tuesday, July 23rd. BidaskClub raised shares of Gentex from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, B. Riley set a $29.00 price target on shares of Gentex and gave the company a “buy” rating in a report on Friday, July 19th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Gentex currently has a consensus rating of “Hold” and an average target price of $23.66.
Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.
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