Gentex Corporation (NASDAQ:GNTX – Get Free Report) Director Brian Walker sold 5,939 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $22.98, for a total transaction of $136,478.22. Following the completion of the sale, the director directly owned 24,205 shares in the company, valued at approximately $556,230.90. The trade was a 19.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Gentex Trading Down 2.3%
Shares of Gentex stock traded down $0.54 on Friday, reaching $22.87. The stock had a trading volume of 1,802,471 shares, compared to its average volume of 2,255,940. Gentex Corporation has a 1 year low of $20.48 and a 1 year high of $29.38. The company has a market cap of $4.87 billion, a P/E ratio of 12.85 and a beta of 0.78. The business’s 50 day moving average is $22.19 and its two-hundred day moving average is $23.08.
Gentex (NASDAQ:GNTX – Get Free Report) last announced its quarterly earnings results on Friday, April 24th. The auto parts company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Gentex had a net margin of 14.75% and a return on equity of 16.27%. The firm had revenue of $675.44 million for the quarter, compared to the consensus estimate of $649.42 million. During the same period in the prior year, the firm posted $0.42 earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, equities analysts anticipate that Gentex Corporation will post 1.92 EPS for the current fiscal year.
Gentex Dividend Announcement
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Anchor Investment Management LLC bought a new position in Gentex during the first quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Gentex during the third quarter valued at approximately $38,000. AdvisorNet Financial Inc grew its position in Gentex by 2,299.0% during the first quarter. AdvisorNet Financial Inc now owns 2,399 shares of the auto parts company’s stock valued at $52,000 after acquiring an additional 2,299 shares during the last quarter. Arax Advisory Partners bought a new position in Gentex during the fourth quarter valued at approximately $52,000. Finally, Employees Retirement System of Texas bought a new position in Gentex during the fourth quarter valued at approximately $56,000. 86.76% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
GNTX has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Gentex from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Freedom Capital upgraded shares of Gentex to a “strong-buy” rating in a research report on Friday, March 27th. Weiss Ratings restated a “hold (c)” rating on shares of Gentex in a research report on Thursday, January 22nd. JPMorgan Chase & Co. upped their price objective on shares of Gentex from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, B. Riley Financial restated a “buy” rating and issued a $29.00 price objective (up from $28.00) on shares of Gentex in a research report on Monday, April 27th. One investment 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 stock. Based on data from MarketBeat, Gentex presently has a consensus rating of “Hold” and a consensus target price of $26.83.
Get Our Latest Report on Gentex
About Gentex
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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