Gentex Corporation Announces Quarterly Dividend of $0.12 (NASDAQ:GNTX)

Gentex Corporation (NASDAQ:GNTX) announced a quarterly dividend on Thursday, August 21st, RTT News reports. Shareholders of record on Wednesday, October 8th will be given a dividend of 0.12 per share by the auto parts company on Wednesday, October 22nd. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, October 8th.

Gentex has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Down 0.9%

Shares of NASDAQ GNTX opened at $27.58 on Monday. The business has a fifty day simple moving average of $27.82 and a 200 day simple moving average of $24.24. Gentex has a one year low of $20.28 and a one year high of $31.48. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 15.58 and a beta of 0.84.

Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, July 25th. The auto parts company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.39 by $0.08. The business had revenue of $657.86 million for the quarter, compared to the consensus estimate of $591.94 million. Gentex had a return on equity of 16.86% and a net margin of 16.82%.Gentex’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. Gentex has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Gentex will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gentex

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in Gentex by 1,471.0% during the first quarter. Larson Financial Group LLC now owns 1,084 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 1,015 shares during the period. Addison Advisors LLC purchased a new stake in shares of Gentex in the second quarter valued at approximately $25,000. Whittier Trust Co. of Nevada Inc. grew its stake in Gentex by 85.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,222 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 563 shares in the last quarter. Brooklyn Investment Group increased its holdings in Gentex by 305.7% during the 1st quarter. Brooklyn Investment Group now owns 1,217 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 917 shares during the period. Finally, State of Wyoming bought a new stake in Gentex during the 1st quarter valued at $45,000. 86.76% of the stock is owned by institutional investors.

Gentex Company 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.