Gentex Co. (GNTX) To Go Ex-Dividend on April 9th

Gentex Co. (NASDAQ:GNTX) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Wednesday, April 9th will be paid a dividend of 0.12 per share by the auto parts company on Wednesday, April 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, April 9th.

Gentex has a dividend payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Gentex to earn $2.15 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 22.3%.

Gentex Price Performance

NASDAQ GNTX opened at $24.32 on Friday. The company has a market cap of $5.53 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 0.84 and a beta of 0.91. The stock’s 50 day simple moving average is $26.70 and its 200-day simple moving average is $28.90. Gentex has a 1-year low of $24.07 and a 1-year high of $37.58.

Gentex (NASDAQ:GNTX) last released its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a net margin of 17.49% and a return on equity of 16.74%. During the same period in the previous year, the company posted $0.50 earnings per share. On average, equities research analysts anticipate that Gentex will post 2.04 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.