Media coverage about Gentex Corporation (NASDAQ:GNTX) has been trending somewhat positive recently, AlphaOne Sentiment Analysis reports. The research group, a subsidiary of Accern, identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gentex Corporation earned a news sentiment score of 0.10 on AlphaOne’s scale. AlphaOne also assigned news coverage about the auto parts company an impact score of 24 out of 100, meaning that recent press coverage is very unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Alpha One Sentiment’s rankings:
- Gentex : receives $51 million contract for helmets (4-traders.com)
- Gentex : Thursdays are sure to be entertaining in downtown Holland (4-traders.com)
- Scharf Investments Has Lifted By $19.47 Million Its Gentex (GNTX) Position, Btg Pactual Global Asset Management … – UtahHerald.com (utahherald.com)
- Gentex Corporation (GNTX) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Gentex Corporation (GNTX) Short Interest Down 10.5% in May (americanbankingnews.com)
Several analysts recently commented on the stock. BMO Capital Markets reissued a “positive” rating and set a $25.00 target price on shares of Gentex Corporation in a research note on Friday, March 24th. Zacks Investment Research lowered shares of Gentex Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, March 30th. Finally, Wellington Shields lowered shares of Gentex Corporation from a “gradually accumulate” rating to a “hold” rating in a research note on Thursday, May 4th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $23.10.
Gentex Corporation (NASDAQ GNTX) traded down 4.78% during mid-day trading on Friday, reaching $18.14. 3,235,447 shares of the company traded hands. Gentex Corporation has a one year low of $14.66 and a one year high of $22.12. The firm has a market cap of $5.21 billion, a PE ratio of 14.63 and a beta of 1.12. The stock’s 50-day moving average price is $19.33 and its 200-day moving average price is $20.26.
Gentex Corporation (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, April 21st. The auto parts company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. Gentex Corporation had a net margin of 21.13% and a return on equity of 19.39%. The company had revenue of $453.54 million during the quarter, compared to analysts’ expectations of $444.92 million. During the same quarter in the previous year, the company earned $0.28 EPS. Gentex Corporation’s revenue was up 11.8% on a year-over-year basis. Analysts forecast that Gentex Corporation will post $1.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 19th. Stockholders of record on Thursday, July 6th will be given a dividend of $0.10 per share. This is a boost from Gentex Corporation’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $0.40 annualized dividend and a dividend yield of 2.21%. Gentex Corporation’s payout ratio is currently 28.57%.
In other news, Director John A. Mulder sold 10,000 shares of Gentex Corporation stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $21.28, for a total transaction of $212,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick A. Sotok sold 19,000 shares of Gentex Corporation stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $20.84, for a total transaction of $395,960.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,610 shares of company stock valued at $1,139,229. 2.50% of the stock is owned by corporate insiders.
Gentex Corporation Company Profile
Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.
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