Gentex (GNTX) Getting Somewhat Favorable Press Coverage, Study Shows

News stories about Gentex (NASDAQ:GNTX) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gentex earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the auto parts company an impact score of 46.7068195468599 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

A number of equities research analysts recently commented on GNTX shares. Robert W. Baird upgraded shares of Gentex from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $17.36 to $22.00 in a research report on Thursday, August 24th. BidaskClub upgraded shares of Gentex from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded shares of Gentex from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. ValuEngine downgraded shares of Gentex from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, KeyCorp restated a “buy” rating and issued a $25.00 price objective on shares of Gentex in a research report on Sunday, October 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $22.21.

Shares of Gentex (GNTX) traded up $0.05 during trading on Friday, reaching $20.89. 1,445,787 shares of the company’s stock were exchanged, compared to its average volume of 2,028,603. Gentex has a 12 month low of $16.59 and a 12 month high of $22.12. The stock has a market capitalization of $5,888.14, a PE ratio of 16.58, a PEG ratio of 1.68 and a beta of 1.21.

Gentex (NASDAQ:GNTX) last issued its earnings results on Friday, October 20th. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.31. Gentex had a net margin of 20.80% and a return on equity of 18.45%. The company had revenue of $438.63 million during the quarter, compared to analysts’ expectations of $452.42 million. During the same period last year, the company posted $0.32 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. analysts expect that Gentex will post 1.27 EPS for the current year.

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 issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.91%. Gentex’s dividend payout ratio (DPR) is presently 31.75%.

In other news, insider Kevin C. Nash sold 4,320 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $19.70, for a total transaction of $85,104.00. Following the completion of the transaction, the insider now directly owns 30,732 shares of the company’s stock, valued at approximately $605,420.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven R. Downing sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was 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 disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

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About Gentex

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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