Gentex Corporation (GNTX) To Go Ex-Dividend on October 7th

Gentex Corporation (NASDAQ:GNTX) declared a quarterly dividend on Monday, August 31st. Investors of record on Wednesday, October 7th will be given a dividend of 0.12 per share by the auto parts company on Wednesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, October 7th.

Gentex has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Gentex to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 22.1%.

Gentex Stock Performance

NASDAQ:GNTX opened at $22.13 on Wednesday. Gentex has a 52 week low of $20.48 and a 52 week high of $29.38. The firm has a 50-day moving average price of $23.92 and a two-hundred day moving average price of $23.44. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 11.71 and a beta of 0.80.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, July 24th. The auto parts company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. Gentex had a net margin of 15.50% and a return on equity of 16.78%. The firm had revenue of $651.30 million during the quarter, compared to the consensus estimate of $669.65 million. During the same quarter last year, the company earned $0.43 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that Gentex will post 2.04 earnings per share for the current year.

Institutional Investors Weigh In On Gentex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNTX. Anchor Investment Management LLC bought a new stake in Gentex in the 1st quarter worth $26,000. CIBC Private Wealth Group LLC grew its stake in shares of Gentex by 2,420.7% in the third quarter. CIBC Private Wealth Group LLC now owns 2,067 shares of the auto parts company’s stock worth $58,000 after purchasing an additional 1,985 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Gentex during the 2nd quarter valued at about $54,000. Arax Advisory Partners bought a new position in Gentex during the 4th quarter valued at approximately $52,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of Gentex by 2,299.0% during the first quarter. AdvisorNet Financial Inc now owns 2,399 shares of the auto parts company’s stock valued at $52,000 after acquiring an additional 2,299 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors.

Gentex Company Profile

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).