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GNTX Gentex Corp Stock Price

gentex stock price

It also provides variable dimmable windows to aircraft manufacturers and airline operators. The company was incorporated in 1974 and is headquartered in Zeeland, Michigan. Its products include automatic-dimming rearview mirrors, dimmable aircraft windows, and commercial smoke alarms and signaling devices. The company was founded by Fred Bauer in 1974 and is headquartered in Zeeland, MI.

gentex stock price

Sales in 2022 totaled about $1.9 billion with 44.2 million mirrors shipped. The unit mix breaks out as 65% interior and 35% exterior, versus about 32% exterior in 2020. The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.

Car Companies Will Show Off the Latest in Self-Driving Tech at CES

Given this backdrop, quality auto parts stocks Lear Corporation (LEA), Gentex Corporation (GNTX),… Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. A slump in China and concerns https://1investing.in/ in the U.S. hurt lots of auto-related stocks last month. The technique has proven to be very useful for finding positive surprises. As an investor, you want to buy stocks with the highest probability of success.

Shares of the automatic-dimming rearview-mirror specialist have a bright start in 2020. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

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With earnings reported at $1.36 per share and net cash balances equal to around $2 per share, valuations had run quite a bit higher at 24 times earnings based on the 2022 performance. As of August 31st, there was short interest totaling 2,670,000 shares, a decrease of 12.2% from the August 15th total of 3,040,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is currently 2.1 days. On the back of the strong quarter, the company hiked the full year sales guidance to a midpoint of $2.25 billion. Full year operating earnings are seen at a midpoint of $472 million, which reveals not only that earnings are set to recover meaningfully in 2023, they might even approach $1.80 per share. Furthermore, net cash balances have risen towards the half a billion mark.

The new dividend will be payable April 22 to shareholders of record as of April 10. Trading at $18 in 2015, shares of Gentex have seen solid returns, having doubled to the $35 mark in 2021 and 2022. Shares fell back to the $25 lic maturity date mark in the fall of 2022, and trading in the mid-twenties early this summer, they have rallied to the $32 mark today. Coupled with increased vehicle demand, technological integration could keep the auto industry resilient.

With about 2,000 patents worldwide, some valid through 2047, and nearly 90% market share, up from 77% in 2003, Gentex has a narrow economic moat it should be able to protect for a long time, in our opinion. Working with a $2 earnings per share number going forward, for the second half of 2023, and 2024, multiples are compressing quite a bit. Trading at $32 here, and subtracting a net cash position of nearly $2 per share, the operating assets are valued around 15 times earnings. At that time, the company was generating about $1.5 billion in sales, generated by over 30 million units being shipped. Making these products have yielded the business substantial earnings of close to $300 million, which came on top of a net cash position of around $400 million.

Is It Time to Sell GNTX? Shares are up today.

While the overall topline and margin performance has been a bit less impressive in recent years, Gentex has seen strong growth this year. The Chart of the Day belongs to auto parts company Gentex (GNTX) . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted… © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. 5 brokerages have issued 1 year price targets for Gentex’s shares.

GNTX Overview

Steve Downing has an approval rating of 67% among the company’s employees. Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise. Sign-up to receive the latest news and ratings for Gentex and its competitors with MarketBeat’s FREE daily newsletter.

Gentex has been off to a strong 2023, with first quarter sales up 18% to $551 million. Operating profits rose by ten million to $113 million, as GAAP earnings improved by five cents to $0.42 per share. The newly issued shares were distributed to shareholders after the closing bell on Wednesday, December 31st 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

  • These traits make that Gentex continues to gain market share from its peers.
  • The new dividend will be payable April 22 to shareholders of record as of April 10.
  • The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
  • As of August 31st, there was short interest totaling 2,670,000 shares, a decrease of 12.2% from the August 15th total of 3,040,000 shares.

Investors of record on Friday, October 6th will be paid a dividend of $0.12 per share on Wednesday, October 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.49%. Gentex Corp. said Monday its board has approved a 4% increase in its quarterly cash dividend to 12 cents a share.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023.

Gentex Corporation (NASDAQ:GNTX) is a favorite amongst institutional investors who own 89% – Simply Wall St

Gentex Corporation (NASDAQ:GNTX) is a favorite amongst institutional investors who own 89%.

Posted: Mon, 10 Jul 2023 07:00:00 GMT [source]

For example, a price above its moving average is generally considered an upward trend or a buy. This auto supplier lowered full-year 2018 revenue guidance, but the stock selloff makes this an attractive long-term stock. Gentex updated its FY 2023 earnings guidance on Friday, July, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.20 billion-$2.30 billion, compared to the consensus revenue estimate of $2.21 billion.

These traits make that Gentex continues to gain market share from its peers. Consistent growth, high margins and a strong balance sheet created appeal with the business trading at a market-equivalent multiple, at least that was the case back in 2015. Since then, GNTX shares have increased by 18.2% and is now trading at $32.22. Second quarter revenues rose by 26% to $583 million, on the back of a record 12.9 million unit shipment. Operating profits rose to $127 million, with earnings reported at $0.47 per share.

One share of GNTX stock can currently be purchased for approximately $32.22. Provides a general description of the business conducted by this company. While the top- and bottom-line numbers for Gentex (GNTX) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to…

Gentex Corp. is a technology company, which engages in the design, development, and manufacture and supply of digital vision, connected car, dimmable glass, and fire protection products. The Automotive Products segment operates in virtually all the foregoing facilities. The Other segment operates in certain Zeeland, Michigan facilities, as well as research and development offices in Salt Lake City, Utah and Santa Clara, California. So while overall sales growth has been lackluster, with margins actually down, Gentex has been a serial and consistent buyer of its own shares, having reduced the float by nearly a quarter from 2015. These buybacks, modest sales growth, and some margin pressure were the drivers behind shares doubling since 2015.

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