Stock Buzzer: Does Gentex Corporation Have Any Gas After Today’s Big Increase?

Stock Buzzer: Does Gentex Corporation Have Any Gas After Today's Big Increase?

The stock of Gentex Corporation (NASDAQ:GNTX) is a huge mover today! About 1.78 million shares traded hands. Gentex Corporation (NASDAQ:GNTX) has risen 10.59% since April 14, 2016 and is uptrending. It has outperformed by 5.91% the S&P500.
The move comes after 8 months positive chart setup for the $5.13 billion company. It was reported on Nov, 16 by Barchart.com. We have $22.80 PT which if reached, will make NASDAQ:GNTX worth $1.44 billion more.

Gentex Corporation (NASDAQ:GNTX) Ratings Coverage

Out of 2 analysts covering Gentex Corp (NASDAQ:GNTX), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Gentex Corp has been the topic of 4 analyst reports since October 20, 2015 according to StockzIntelligence Inc. FBR Capital maintained the stock with “Outperform” rating in Friday, October 21 report. Robert W. Baird downgraded the shares of GNTX in a report on Wednesday, January 27 to “Neutral” rating.

According to Zacks Investment Research, “Gentex Corporation is an international company that provides high-quality products to the worldwide automotive industry and North American fire protection market. The Company develops, manufactures and markets proprietary electro-optic products, including interior and exterior electrochromic, automatic-dimming Night Vision Safety automotive rearview mirrors that dim in proportion to the amount of headlight glare from trailing vehicle headlamps, and an extensive line of fire protection products for commercial applications.”

Insitutional Activity: The institutional sentiment increased to 1.26 in Q2 2016. Its up 0.14, from 1.12 in 2016Q1. The ratio is positive, as 20 funds sold all Gentex Corporation shares owned while 115 reduced positions. 31 funds bought stakes while 139 increased positions. They now own 238.49 million shares or 6.47% less from 255.00 million shares in 2016Q1.
Burgundy Asset Mgmt Ltd reported 11.23 million shares or 1.73% of all its holdings. Omers Administration reported 293,200 shares or 0.09% of all its holdings. Oppenheimer Inc last reported 94,924 shares in the company. Federated Pa owns 162,017 shares or 0.01% of their US portfolio. Pax World Ltd Limited Liability Company holds 0.79% of its portfolio in Gentex Corporation (NASDAQ:GNTX) for 880,000 shares. Fiduciary Trust Co holds 0.01% of its portfolio in Gentex Corporation (NASDAQ:GNTX) for 24,508 shares. Blackrock Grp accumulated 0.01% or 906,514 shares. Nomura holds 0% or 17,200 shares in its portfolio. Essex Finance Serv has invested 0.05% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Dumont And Blake Lc has 41,065 shares for 0.33% of their US portfolio. Employees Retirement Of Texas has 0.02% invested in the company for 106,000 shares. Bernzott Advisors, a California-based fund reported 1.19M shares. Walthausen And Limited Liability Corporation, a New York-based fund reported 14,450 shares. Amp Capital Invsts Limited last reported 82,000 shares in the company. Tower Rech Ltd Liability Com (Trc) has 0.03% invested in the company for 22,468 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 11 insider sales for $24.19 million net activity. MULDER JOHN A sold 20,000 shares worth $361,390. 24,000 shares with value of $421,730 were sold by GOODE GARY F on Monday, July 25. The insider BAUER FRED sold 696,000 shares worth $12.55M. Ryan Scott P sold $91,206 worth of stock. 8,820 shares were sold by Downing Steven R, worth $155,379 on Monday, July 25. Nash Kevin C sold $113,059 worth of stock or 6,412 shares. Wallace James H had sold 12,000 shares worth $201,352.

Another recent and important Gentex Corporation (NASDAQ:GNTX) news was published by Equitiesfocus.com which published an article titled: “Gentex Corporation (NASDAQ:GNTX) Dividend At $0.09 Per Share” on November 16, 2016.

GNTX Company Profile

Gentex Corporation, incorporated on January 11, 1974, creates and makes automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s divisions include Automotive Products and Other, which includes Fire Protection Products and Dimmable Aircraft Windows. The Company’s business involves designing, developing, manufacturing and marketing interior and exterior auto-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. The Firm also designs, develops and makes various electronics features that are additive to the interior and exterior automotive rearview mirrors, as well as interior visors and overhead consoles. The Firm ships its product to all of the automotive producing regions across the world.

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