Alpha Windward LLC raised its stake in shares of Gentex Corporation (NASDAQ:GNTX) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,880 shares of the auto parts company’s stock after buying an additional 540 shares during the period. Alpha Windward LLC’s holdings in Gentex Corporation were worth $453,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of Gentex Corporation by 9.1% in the first quarter. Quadrant Capital Group LLC now owns 5,660 shares of the auto parts company’s stock valued at $117,000 after buying an additional 471 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Gentex Corporation by 11.4% in the first quarter. Asset Management One Co. Ltd. now owns 8,500 shares of the auto parts company’s stock valued at $181,000 after buying an additional 870 shares during the period. LVM Capital Management Ltd. MI purchased a new stake in shares of Gentex Corporation during the second quarter valued at about $194,000. BB&T Corp purchased a new stake in shares of Gentex Corporation during the first quarter valued at about $200,000. Finally, Reynders McVeigh Capital Management LLC purchased a new stake in shares of Gentex Corporation during the first quarter valued at about $204,000. Institutional investors and hedge funds own 82.74% of the company’s stock.
Shares of Gentex Corporation (NASDAQ GNTX) traded down 7.851% during midday trading on Friday, reaching $17.195. The company’s stock had a trading volume of 968,421 shares. The company has a 50 day moving average price of $18.72 and a 200-day moving average price of $20.09. The stock has a market capitalization of $4.94 billion, a PE ratio of 13.867 and a beta of 1.19. Gentex Corporation has a 52 week low of $16.06 and a 52 week high of $22.12.
Gentex Corporation (NASDAQ:GNTX) last released its earnings results on Thursday, July 20th. The auto parts company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.01. Gentex Corporation had a return on equity of 19.39% and a net margin of 21.13%. The business had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $446.36 million. During the same period last year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that Gentex Corporation will post $1.30 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 19th. Stockholders of record on Thursday, July 6th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, July 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.14%. This is an increase from Gentex Corporation’s previous quarterly dividend of $0.09. Gentex Corporation’s dividend payout ratio (DPR) is currently 31.75%.
ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/07/21/gentex-corporation-gntx-shares-bought-by-alpha-windward-llc.html.
GNTX has been the topic of several research reports. Zacks Investment Research cut Gentex Corporation from a “hold” rating to a “sell” rating in a report on Thursday, March 30th. Wellington Shields cut Gentex Corporation from a “gradually accumulate” rating to a “hold” rating in a report on Thursday, May 4th. Finally, BMO Capital Markets reaffirmed a “positive” rating and issued a $25.00 target price on shares of Gentex Corporation in a report on Friday, March 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.10.
In other news, Director Frederick A. Sotok sold 19,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $20.84, for a total transaction of $395,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Scott P. Ryan sold 4,920 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $20.38, for a total transaction of $100,269.60. Following the sale, the general counsel now owns 18,585 shares of the company’s stock, valued at approximately $378,762.30. The disclosure for this sale can be found here. Insiders have sold a total of 45,610 shares of company stock valued at $926,429 in the last 90 days. Insiders own 2.50% of the company’s stock.
About Gentex Corporation
Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.
Receive News & Ratings for Gentex Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentex Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
