Media headlines about Gentex (NASDAQ:GNTX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gentex earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the auto parts company an impact score of 46.6682947859455 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Spot trends and buy/sell signals: Sally Beauty Holdings, Inc. (SBH), Gentex Corporation (GNTX) – Market Movers (financialqz.com)
- Technical Indicators under Review: Gentex Corporation (NASDAQ: GNTX) – Alpha Beta Stock (alphabetastock.com)
- Is There Now An Opportunity In Gentex Corporation (GNTX)? (finance.yahoo.com)
- Gentex Corporation (GNTX) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
A number of research analysts have issued reports on GNTX shares. ValuEngine downgraded shares of Gentex from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird dropped their target price on shares of Gentex from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, October 23rd. Zacks Investment Research upgraded shares of Gentex from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, October 17th. FBR & Co restated a “buy” rating and set a $25.00 target price on shares of Gentex in a report on Wednesday, October 18th. Finally, BidaskClub upgraded shares of Gentex from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.06.
Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, October 20th. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. The business had revenue of $438.63 million for the quarter, compared to analysts’ expectations of $452.42 million. Gentex had a net margin of 20.80% and a return on equity of 18.45%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. sell-side analysts forecast that Gentex will post 1.27 EPS for the current year.
Gentex announced that its board has approved a stock buyback plan on Wednesday, August 23rd that allows the company to buyback 15,000,000 shares. This buyback authorization allows the auto parts company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, January 4th. Gentex’s dividend payout ratio is currently 31.75%.
In other news, 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 completion of the sale, the chief financial officer now owns 47,362 shares of the company’s stock, valued at approximately $933,031.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin C. Nash sold 4,320 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 $85,104.00. Following the sale, the insider now directly owns 30,732 shares of the company’s stock, valued at approximately $605,420.40. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.
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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