Gentex Corporation (NASDAQ:GNTX) Receiving Somewhat Positive News Coverage, Report Shows
Media headlines about Gentex Corporation (NASDAQ:GNTX) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gentex Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the auto parts company an impact score of 46.5877443647515 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- SecDef: North Korea Must Join International Community, End Pursuit of Nukes (famososartistas.com)
- US LNG export capacity to grow almost sevenfold by 2019, EIA says (techkenyot.com)
- Here’s what Bungie learned from the Destiny 2 beta (ismboard.com)
- Sigma Investment Counselors Inc. Has $2.13 Million Stake in Gentex Corporation (GNTX) (footballhebdo.com)
- Insider Trading at Gentex Corporation? (vothemes.com)
Several research firms recently commented on GNTX. Zacks Investment Research raised Gentex Corporation from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Wednesday, April 26th. BidaskClub cut Gentex Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. FBR & Co reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Gentex Corporation in a research report on Monday, July 24th. Craig Hallum cut Gentex Corporation from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research report on Monday, July 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $22.00 price objective (down from $25.00) on shares of Gentex Corporation in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Gentex Corporation presently has a consensus rating of “Hold” and a consensus target price of $21.75.
Gentex Corporation (NASDAQ:GNTX) opened at 17.30 on Friday. Gentex Corporation has a 12 month low of $16.06 and a 12 month high of $22.12. The stock has a market capitalization of $4.94 billion, a PE ratio of 13.73 and a beta of 1.18. The firm has a 50-day moving average price of $17.99 and a 200 day moving average price of $19.70.
Gentex Corporation (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, July 21st. The auto parts company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The firm had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $446.36 million. Gentex Corporation had a net margin of 21.01% and a return on equity of 18.95%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. Equities analysts anticipate that Gentex Corporation will post $1.27 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 19th. Shareholders of record on Thursday, July 6th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Monday, July 3rd. This is an increase from Gentex Corporation’s previous quarterly dividend of $0.09. Gentex Corporation’s payout ratio is presently 31.50%.
In other Gentex Corporation news, Chairman Fred Bauer sold 239,400 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $17.33, for a total transaction of $4,148,802.00. Following the sale, the chairman now owns 5,771,128 shares in the company, valued at approximately $100,013,648.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John A. Mulder sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $19.22, for a total value of $192,200.00. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.
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Gentex Corporation Company Profile
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.
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