Gentex (NASDAQ:GNTX) Hits New 1-Year Low – What’s Next?

Gentex Co. (NASDAQ:GNTX) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $24.10 and last traded at $24.50, with a volume of 2010556 shares traded. The stock had previously closed at $24.37.

Analysts Set New Price Targets

GNTX has been the topic of several analyst reports. UBS Group dropped their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. B. Riley reissued a “buy” rating and set a $32.50 target price (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price target on shares of Gentex in a research note on Monday, February 3rd. Finally, Guggenheim reduced their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.31.

Gentex Trading Up 0.5 %

The business’s 50-day simple moving average is $27.10 and its 200 day simple moving average is $29.02. The company has a market capitalization of $5.57 billion, a P/E ratio of 13.92, a P/E/G ratio of 0.84 and a beta of 0.91.

Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a return on equity of 16.74% and a net margin of 17.49%. During the same period in the prior year, the firm posted $0.50 EPS. As a group, sell-side analysts predict that Gentex Co. will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GNTX. Midwest Capital Advisors LLC acquired a new stake in Gentex in the 4th quarter valued at about $26,000. TD Private Client Wealth LLC raised its holdings in shares of Gentex by 138.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 662 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in Gentex during the fourth quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Gentex by 32.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock worth $70,000 after buying an additional 593 shares in the last quarter. Finally, LRI Investments LLC grew its position in Gentex by 33.2% in the fourth quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company’s stock worth $79,000 after buying an additional 686 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

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.