Media coverage about Gentex Corporation (NASDAQ:GNTX) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gentex Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news stories about the auto parts company an impact score of 46.6738456243619 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have effected Accern’s analysis:

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Gentex Corporation from a “hold” rating to a “sell” rating in a report on Monday, June 26th. ValuEngine lowered shares of Gentex Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub upgraded shares of Gentex Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Robert W. Baird upgraded shares of Gentex Corporation from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $17.36 to $22.00 in a report on Thursday, August 24th. Finally, FBR & Co restated an “outperform” rating and issued a $25.00 target price on shares of Gentex Corporation in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Gentex Corporation presently has a consensus rating of “Hold” and an average target price of $21.79.

Shares of Gentex Corporation (NASDAQ:GNTX) opened at 19.33 on Thursday. The firm has a 50-day moving average of $17.87 and a 200 day moving average of $19.16. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 15.34 and a beta of 1.15. Gentex Corporation has a 1-year low of $16.06 and a 1-year high of $22.12.

Gentex Corporation (NASDAQ:GNTX) last issued its earnings results on Friday, July 21st. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $446.36 million. Gentex Corporation had a return on equity of 18.95% and a net margin of 21.01%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $0.30 earnings per share. Equities research analysts forecast that Gentex Corporation will post $1.27 earnings per share for the current year.

Gentex Corporation declared that its board has authorized a stock repurchase plan on Wednesday, August 23rd that authorizes the company to buyback 15,000,000 shares. This buyback authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 annualized dividend and a dividend yield of 2.07%. Gentex Corporation’s payout ratio is 31.50%.

In other news, Chairman Fred Bauer sold 239,400 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $17.33, for a total transaction of $4,148,802.00. Following the completion of the transaction, the chairman now directly owns 5,771,128 shares of the company’s stock, valued at $100,013,648.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by insiders.

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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.

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

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