Gentex Corporation $GNTX Stake Decreased by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its holdings in shares of Gentex Corporation (NASDAQ:GNTX) by 3.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 634,630 shares of the auto parts company’s stock after selling 23,662 shares during the quarter. Leeward Investments LLC MA’s holdings in Gentex were worth $13,956,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. raised its holdings in Gentex by 487.7% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,447,651 shares of the auto parts company’s stock worth $80,330,000 after purchasing an additional 2,860,969 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Gentex by 142.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,589,585 shares of the auto parts company’s stock worth $106,937,000 after purchasing an additional 2,695,117 shares in the last quarter. American Century Companies Inc. raised its holdings in Gentex by 148.5% during the first quarter. American Century Companies Inc. now owns 4,119,232 shares of the auto parts company’s stock worth $95,978,000 after purchasing an additional 2,461,835 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Gentex by 46.2% during the first quarter. JPMorgan Chase & Co. now owns 7,673,701 shares of the auto parts company’s stock worth $178,797,000 after purchasing an additional 2,424,471 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its holdings in Gentex by 40.1% during the first quarter. Burgundy Asset Management Ltd. now owns 7,728,209 shares of the auto parts company’s stock worth $180,067,000 after purchasing an additional 2,211,392 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.

Gentex Stock Performance

NASDAQ GNTX opened at $23.64 on Friday. Gentex Corporation has a twelve month low of $20.28 and a twelve month high of $31.48. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 13.91 and a beta of 0.84. The firm’s 50 day moving average price is $27.57 and its two-hundred day moving average price is $24.55.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, October 24th. The auto parts company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). Gentex had a return on equity of 16.86% and a net margin of 16.82%.The firm had revenue of $655.24 million for the quarter, compared to analysts’ expectations of $661.10 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Gentex has set its FY 2025 guidance at EPS. On average, research analysts forecast that Gentex Corporation will post 2.04 EPS for the current fiscal year.

Gentex declared that its board has approved a stock repurchase plan on Wednesday, July 16th that authorizes the company to buyback 40,000,000 outstanding shares. This buyback authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, October 8th. Gentex’s payout ratio is presently 27.12%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Industrial Alliance Securities set a $25.00 target price on Gentex in a report on Friday, July 11th. JPMorgan Chase & Co. upped their price target on Gentex from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, October 20th. The Goldman Sachs Group set a $32.00 price target on Gentex in a report on Monday, September 29th. Wall Street Zen raised Gentex from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gentex in a report on Saturday. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Gentex has an average rating of “Hold” and an average target price of $29.14.

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.