Leeward Investments LLC MA Has $19.59 Million Position in Gentex Co. (NASDAQ:GNTX)

Leeward Investments LLC MA cut its stake in shares of Gentex Co. (NASDAQ:GNTX) by 5.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 681,988 shares of the auto parts company’s stock after selling 41,160 shares during the quarter. Gentex comprises approximately 1.0% of Leeward Investments LLC MA’s investment portfolio, making the stock its 29th largest holding. Leeward Investments LLC MA’s holdings in Gentex were worth $19,594,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Eubel Brady & Suttman Asset Management Inc. raised its position in shares of Gentex by 0.7% in the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 559,239 shares of the auto parts company’s stock worth $16,067,000 after acquiring an additional 3,887 shares in the last quarter. Rice Hall James & Associates LLC raised its position in shares of Gentex by 59.4% in the 4th quarter. Rice Hall James & Associates LLC now owns 454,883 shares of the auto parts company’s stock worth $13,069,000 after acquiring an additional 169,586 shares in the last quarter. Cardinal Capital Management raised its position in shares of Gentex by 3.8% in the 4th quarter. Cardinal Capital Management now owns 65,730 shares of the auto parts company’s stock worth $1,888,000 after acquiring an additional 2,432 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of Gentex by 6.0% in the 4th quarter. Sanctuary Advisors LLC now owns 12,994 shares of the auto parts company’s stock worth $367,000 after acquiring an additional 731 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Gentex by 956.6% in the 4th quarter. Allworth Financial LP now owns 6,720 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 6,084 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GNTX. Robert W. Baird set a $31.00 price objective on Gentex in a research report on Monday, February 3rd. B. Riley reaffirmed a “buy” rating and issued a $32.50 target price (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Guggenheim decreased their target price on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. JPMorgan Chase & Co. decreased their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, UBS Group decreased their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $32.31.

Gentex Stock Performance

Shares of GNTX opened at $24.37 on Friday. The stock has a 50 day moving average price of $27.21 and a two-hundred day moving average price of $29.04. The firm has a market capitalization of $5.54 billion, a P/E ratio of 13.85, a P/E/G ratio of 0.84 and a beta of 0.91. Gentex Co. has a 52 week low of $24.20 and a 52 week high of $37.58.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.10). Gentex had a return on equity of 16.74% and a net margin of 17.49%. During the same period in the prior year, the business earned $0.50 EPS. On average, equities analysts forecast that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Wednesday, January 8th. Gentex’s dividend payout ratio is currently 27.27%.

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.