Norges Bank Invests $52.77 Million in Gentex Corporation $GNTX

Posted by Francis Steltz on Jun 8th, 2026

Norges Bank purchased a new position in Gentex Corporation (NASDAQ:GNTX – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,267,606 shares of the auto parts company’s stock, valued at approximately $52,767,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GNTX. Royal Bank of Canada raised its holdings in shares of Gentex by 33.1% in the first quarter. Royal Bank of Canada now owns 189,561 shares of the auto parts company’s stock worth $4,418,000 after buying an additional 47,150 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Gentex by 1.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,321,634 shares of the auto parts company’s stock worth $30,794,000 after buying an additional 23,454 shares during the period. Empowered Funds LLC raised its holdings in shares of Gentex by 255.6% in the first quarter. Empowered Funds LLC now owns 81,142 shares of the auto parts company’s stock worth $1,891,000 after buying an additional 58,323 shares during the period. Invesco Ltd. grew its stake in Gentex by 8.0% in the second quarter. Invesco Ltd. now owns 813,163 shares of the auto parts company’s stock worth $17,881,000 after purchasing an additional 60,127 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Gentex by 2,038.4% in the second quarter. EverSource Wealth Advisors LLC now owns 4,512 shares of the auto parts company’s stock worth $99,000 after purchasing an additional 4,301 shares in the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Stock Performance

Shares of NASDAQ:GNTX opened at $24.63 on Monday. Gentex Corporation has a 12-month low of $20.48 and a 12-month high of $29.38. The business’s fifty day simple moving average is $22.94 and its 200-day simple moving average is $23.15. The company has a market capitalization of $5.24 billion, a PE ratio of 13.84 and a beta of 0.79.

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, beating analysts’ consensus estimates of $0.44 by $0.04. Gentex had a return on equity of 16.27% and a net margin of 14.75%.The business had revenue of $675.44 million for the quarter, compared to the consensus estimate of $649.42 million. During the same period last year, the business posted $0.42 EPS. The business’s revenue was up 17.1% compared to the same quarter last year. Research analysts predict that Gentex Corporation will post 1.96 EPS for the current year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.9%. Gentex’s dividend payout ratio (DPR) is currently 26.97%.

Analyst Ratings Changes

Several research analysts recently issued reports on GNTX shares. Robert W. Baird increased their price objective on Gentex from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. increased their price objective on Gentex from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Freedom Capital raised Gentex to a “strong-buy” rating in a research note on Friday, March 27th. Wall Street Zen raised Gentex from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Gentex in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $26.83.

Get Our Latest Report on GNTX

Insider Activity

In other news, Director Richard O. Schaum sold 4,815 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $23.31, for a total value of $112,237.65. Following the completion of the sale, the director owned 81,443 shares of the company’s stock, valued at $1,898,436.33. This trade represents a 5.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph B. Anderson, Jr. sold 5,939 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $22.98, for a total value of $136,478.22. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 16,693 shares of company stock worth $385,194. 0.55% of the stock is currently owned by company insiders.

About Gentex

(Free Report)

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).