12,946 Shares in Gentex Corporation $GNTX Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in Gentex Corporation (NASDAQ:GNTX) during the 2nd quarter, HoldingsChannel reports. The fund purchased 12,946 shares of the auto parts company’s stock, valued at approximately $285,000.

Several other hedge funds have also recently bought and sold shares of GNTX. Addison Advisors LLC bought a new position in shares of Gentex during the second quarter valued at $25,000. Brooklyn Investment Group raised its stake in shares of Gentex by 305.7% in the first quarter. Brooklyn Investment Group now owns 1,217 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 917 shares during the last quarter. State of Wyoming bought a new position in shares of Gentex in the first quarter worth about $45,000. Steph & Co. acquired a new position in shares of Gentex during the second quarter worth approximately $45,000. Finally, UMB Bank n.a. grew its stake in shares of Gentex by 34.4% during the second quarter. UMB Bank n.a. now owns 2,854 shares of the auto parts company’s stock valued at $63,000 after purchasing an additional 730 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Gentex Stock Up 2.1%

Gentex stock opened at $22.74 on Wednesday. The company has a 50 day moving average of $25.36 and a 200-day moving average of $24.82. Gentex Corporation has a twelve month low of $20.28 and a twelve month high of $31.26. The stock has a market capitalization of $4.98 billion, a PE ratio of 13.38 and a beta of 0.86.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, October 24th. The auto parts company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $570.32 million for the quarter, compared to analyst estimates of $661.10 million. Gentex had a return on equity of 15.86% and a net margin of 15.61%.The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Gentex has set its FY 2025 guidance at EPS. Equities analysts anticipate that Gentex Corporation will post 2.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on GNTX. Weiss Ratings restated a “hold (c)” rating on shares of Gentex in a research report on Wednesday, October 8th. Zacks Research downgraded Gentex from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Robert W. Baird set a $29.00 price target on Gentex in a research note on Monday, October 27th. The Goldman Sachs Group set a $27.00 price objective on Gentex and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, UBS Group reissued a “neutral” rating and set a $29.00 price objective (up from $28.00) on shares of Gentex in a report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.29.

About Gentex

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.