Gentex Corporation (NASDAQ:GNTX – Get Free Report) Director Joseph Anderson, Jr. sold 5,939 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $22.98, for a total value of $136,478.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Gentex Stock Down 2.3%
NASDAQ GNTX opened at $22.87 on Friday. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 12.85 and a beta of 0.78. Gentex Corporation has a twelve month low of $20.48 and a twelve month high of $29.38. The stock has a fifty day simple moving average of $22.19 and a 200 day simple moving average of $23.08.
Gentex (NASDAQ:GNTX – Get Free Report) last posted its quarterly earnings data on Friday, April 24th. The auto parts company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $675.44 million during the quarter, compared to the consensus estimate of $649.42 million. Gentex had a return on equity of 16.27% and a net margin of 14.75%.Gentex’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. Research analysts expect that Gentex Corporation will post 1.92 earnings per share for the current fiscal year.
Gentex Dividend Announcement
More Gentex News
Here are the key news stories impacting Gentex this week:
- Positive Sentiment: JPMorgan raised its price target on Gentex to $28 from $27, suggesting improved valuation expectations despite maintaining a neutral rating.
- Positive Sentiment: Zacks Research increased FY2026 EPS estimates to $1.91 from $1.89 and raised Q2 2027 and Q3 2027 earnings forecasts, signaling expectations for steady medium-term earnings growth.
- Neutral Sentiment: Gentex director Joseph B. Anderson, Jr. sold 5,939 shares at $22.98, a modest insider transaction that may add some investor caution but does not by itself indicate a major fundamental change.
- Neutral Sentiment: Analysts also nudged FY2027 EPS estimates lower to $2.13 from $2.17 and trimmed Q4 2027 and Q1 2027 forecasts, showing some near-term caution around longer-dated earnings.
- Negative Sentiment: Zacks Research lowered Q4 2026 EPS to $0.47 from $0.48 and cut Q1 2027 EPS to $0.51 from $0.54, which could slightly pressure sentiment around the next few quarters.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Clearstead Advisors LLC lifted its position in shares of Gentex by 21.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,479 shares of the auto parts company’s stock valued at $58,000 after acquiring an additional 437 shares during the period. Gagnon Securities LLC lifted its position in shares of Gentex by 0.8% during the 4th quarter. Gagnon Securities LLC now owns 55,672 shares of the auto parts company’s stock valued at $1,295,000 after acquiring an additional 458 shares during the period. Arizona State Retirement System lifted its position in shares of Gentex by 0.7% during the 3rd quarter. Arizona State Retirement System now owns 66,519 shares of the auto parts company’s stock valued at $1,882,000 after acquiring an additional 487 shares during the period. First Citizens Bank & Trust Co. lifted its position in shares of Gentex by 1.6% during the 1st quarter. First Citizens Bank & Trust Co. now owns 30,294 shares of the auto parts company’s stock valued at $662,000 after acquiring an additional 487 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Gentex by 0.3% during the 1st quarter. Sei Investments Co. now owns 196,776 shares of the auto parts company’s stock valued at $4,300,000 after acquiring an additional 521 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.
Wall Street Analysts Forecast Growth
GNTX has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Gentex from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group set a $26.00 price objective on shares of Gentex in a research note on Sunday, April 26th. Freedom Capital raised shares of Gentex to a “strong-buy” rating in a research note on Friday, March 27th. Robert W. Baird upped their price objective on shares of Gentex from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Finally, B. Riley Financial reaffirmed a “buy” rating and issued a $29.00 price objective (up from $28.00) on shares of Gentex in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.83.
Get Our Latest Stock Report on GNTX
Gentex Company Profile
Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).
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