Gentex Corp. (NASDAQ:GNTX) VP Joseph E. Iv Matthews sold 2,244 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $18.00, for a total transaction of $40,392.00. Following the sale, the vice president now directly owns 17,614 shares in the company, valued at approximately $317,052. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Gentex Corp. (NASDAQ:GNTX) opened at 18.41 on Wednesday. The firm has a 50-day moving average of $17.28 and a 200-day moving average of $16.93. The stock has a market cap of $5.27 billion, a PE ratio of 15.33 and a beta of 0.84. Gentex Corp. has a 1-year low of $12.93 and a 1-year high of $18.42.

Gentex Corp. (NASDAQ:GNTX) last announced its quarterly earnings results on Thursday, October 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $429.60 million for the quarter, compared to the consensus estimate of $428.43 million. Gentex Corp. had a net margin of 20.86% and a return on equity of 19.53%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. Analysts expect that Gentex Corp. will post $1.21 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Gentex Corp. (NASDAQ:GNTX)

A number of research firms recently weighed in on GNTX. Zacks Investment Research raised shares of Gentex Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, July 27th. Wells Fargo & Co. reaffirmed an “outperform” rating and set a $19.00 target price on shares of Gentex Corp. in a report on Tuesday, September 13th. Finally, FBR & Co upped their target price on shares of Gentex Corp. from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, October 21st.

Several institutional investors have recently bought and sold shares of the company. Hussman Strategic Advisors Inc. acquired a new position in Gentex Corp. during the third quarter worth about $114,000. I.G. Investment Management LTD. increased its position in Gentex Corp. by 9.4% in the second quarter. I.G. Investment Management LTD. now owns 10,107 shares of the company’s stock worth $156,000 after buying an additional 865 shares during the last quarter. CrestPoint Capital Management LLC increased its position in Gentex Corp. by 4.0% in the third quarter. CrestPoint Capital Management LLC now owns 10,500 shares of the company’s stock worth $184,000 after buying an additional 400 shares during the last quarter. Mizuho Asset Management Co. Ltd. acquired a new position in Gentex Corp. during the second quarter worth about $189,000. Finally, Dearborn Partners LLC acquired a new position in Gentex Corp. during the second quarter worth about $190,000. 86.18% of the stock is currently owned by institutional investors.

WARNING: “Joseph E. Iv Matthews Sells 2,244 Shares of Gentex Corp. (GNTX) Stock” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was stolen and republished in violation of US & international copyright legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2016/11/23/joseph-e-iv-matthews-sells-2244-shares-of-gentex-corp-gntx-stock.html.

About Gentex Corp.

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 segments include Automotive Products and Other, which includes Fire Protection Products and Dimmable Aircraft Windows.

5 Day Chart for NASDAQ:GNTX

Receive News & Stock Ratings for Gentex Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentex Corp. and related stocks with our FREE daily email newsletter.