Gentex Corporation (NASDAQ:GNTX) CFO Steven R. Downing sold 8,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $19.70, for a total transaction of $157,600.00. Following the transaction, the chief financial officer now directly owns 47,362 shares of the company’s stock, valued at $933,031.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gentex Corporation (GNTX) traded down 0.15% during midday trading on Friday, hitting $19.80. 1,168,230 shares of the stock were exchanged. Gentex Corporation has a 12 month low of $16.06 and a 12 month high of $22.12. The company has a market cap of $5.65 billion, a PE ratio of 15.71 and a beta of 1.15. The firm’s 50 day moving average price is $17.87 and its 200 day moving average price is $19.16.

Gentex Corporation (NASDAQ:GNTX) last released its earnings results on Friday, July 21st. The auto parts company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). The company had revenue of $443.10 million for 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 revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. On average, equities research analysts forecast that Gentex Corporation will post $1.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Friday, October 6th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, October 5th. Gentex Corporation’s dividend payout ratio is presently 31.50%.

Gentex Corporation announced that its board has authorized a stock repurchase program on Wednesday, August 23rd that authorizes the company to buyback 15,000,000 outstanding shares. This buyback authorization authorizes the auto parts company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

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A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Gentex Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 26th. ValuEngine cut 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 increased their price target for the company from $17.36 to $22.00 in a report on Thursday, August 24th. Finally, FBR & Co reiterated an “outperform” rating and set a $25.00 price target on shares of Gentex Corporation in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Gentex Corporation has an average rating of “Hold” and an average target price of $21.79.

A number of large investors have recently added to or reduced their stakes in GNTX. Russell Investments Group Ltd. boosted its holdings in shares of Gentex Corporation by 17.8% in the 1st quarter. Russell Investments Group Ltd. now owns 89,479 shares of the auto parts company’s stock valued at $1,910,000 after acquiring an additional 13,542 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Gentex Corporation in the 1st quarter valued at $1,538,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Gentex Corporation by 16.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 494,614 shares of the auto parts company’s stock valued at $10,550,000 after acquiring an additional 69,001 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Gentex Corporation by 4.5% in the 1st quarter. JPMorgan Chase & Co. now owns 303,002 shares of the auto parts company’s stock valued at $6,463,000 after acquiring an additional 13,006 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Gentex Corporation by 7.6% in the 1st quarter. Prudential Financial Inc. now owns 178,020 shares of the auto parts company’s stock valued at $3,797,000 after acquiring an additional 12,550 shares during the last quarter. 80.83% of the stock is currently owned by institutional investors.

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.

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

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