Thrivent Financial for Lutherans Sells 81,373 Shares of Gentex Co. (NASDAQ:GNTX)

Thrivent Financial for Lutherans lessened its stake in shares of Gentex Co. (NASDAQ:GNTX) by 20.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 311,072 shares of the auto parts company’s stock after selling 81,373 shares during the quarter. Thrivent Financial for Lutherans owned 0.14% of Gentex worth $8,937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of GNTX. Midwest Capital Advisors LLC bought a new position in Gentex in the 4th quarter valued at $26,000. Synergy Asset Management LLC bought a new position in Gentex in the 4th quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Gentex by 32.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 593 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Gentex in the 3rd quarter valued at $125,000. Finally, GAMMA Investing LLC raised its position in Gentex by 159.1% in the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock valued at $147,000 after purchasing an additional 3,152 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Gentex Stock Down 0.7 %

Shares of Gentex stock opened at $23.91 on Friday. Gentex Co. has a 12 month low of $23.50 and a 12 month high of $36.46. The business has a fifty day simple moving average of $25.53 and a 200 day simple moving average of $28.26. The stock has a market cap of $5.43 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90.

Gentex (NASDAQ:GNTX) last announced 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 last year, the firm earned $0.50 EPS. Analysts expect that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 2.01%. Gentex’s payout ratio is 27.27%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GNTX shares. B. Riley reiterated a “buy” rating and issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. UBS Group cut their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 target price on Gentex in a research report on Monday, February 3rd. Guggenheim set a $30.00 target price on Gentex in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.81.

Gentex Profile

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.