Market Runner: Is Gentex Corporation a Buy? The Stock Reaches 52-Week High Today

Market Runner: Is Gentex Corporation a Buy? The Stock Reaches 52 Week High Today

The stock of Gentex Corporation (NASDAQ:GNTX) hit a new 52-week high and has $18.96 target or 3.00% above today’s $18.41 share price. The 9 months bullish chart indicates low risk for the $5.35B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $18.96 price target is reached, the company will be worth $160.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $18.41 per share. It is down 15.13% since April 21, 2016 and is uptrending. It has outperformed by 9.81% the S&P500.

Analysts await Gentex Corporation (NASDAQ:GNTX) to report earnings on January, 26. They expect $0.31 earnings per share, up 3.33% or $0.01 from last year’s $0.3 per share. GNTX’s profit will be $90.09 million for 14.85 P/E if the $0.31 EPS becomes a reality. After $0.32 actual earnings per share reported by Gentex Corporation for the previous quarter, Wall Street now forecasts -3.13% negative EPS growth.

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. The rating was maintained by FBR Capital on Friday, October 21 with “Outperform”. Robert W. Baird downgraded Gentex Corporation (NASDAQ:GNTX) 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 decreased to 0.85 in 2016 Q2. Its down 0.41, from 1.26 in 2016Q1. The ratio is negative, 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.
Tower Capital Limited (Trc) owns 22,468 shares or 0.03% of their US portfolio. Ibm Retirement Fund accumulated 0.02% or 28,609 shares. Gargoyle Inv Advisor Ltd Company accumulated 0.37% or 64,346 shares. Great West Life Assurance Com Can owns 106,982 shares or 0.01% of their US portfolio. State Board Of Administration Of Florida Retirement Sys holds 0.02% or 445,623 shares in its portfolio. Moreover, Hgk Asset has 0.04% invested in Gentex Corporation (NASDAQ:GNTX) for 15,681 shares. Shamrock Asset Management Ltd Liability, a Texas-based fund reported 1,024 shares. Stifel reported 112,564 shares or 0.01% of all its holdings. The Delaware-based Blackrock Advsr Ltd Liability has invested 0% in Gentex Corporation (NASDAQ:GNTX). Voya Inv Mgmt Ltd Llc holds 0.02% or 465,569 shares in its portfolio. Envestnet Asset Inc has 0.03% invested in the company for 410,025 shares. Farr Miller And Washington Ltd Dc has invested 0.02% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Joel Isaacson And Limited Liability Corporation, a New York-based fund reported 500 shares. Checchi Advisers Limited Liability Co reported 2,345 shares or 0% of all its holdings. Bluemountain Cap Mngmt Ltd has 0% invested in the company for 5,182 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 12 sales for $24.23 million net activity. $4.37M worth of Gentex Corporation (NASDAQ:GNTX) shares were sold by BAUER FRED. Shares for $91,206 were sold by Ryan Scott P on Tuesday, July 26. Shares for $155,379 were sold by Downing Steven R. Shares for $40,396 were sold by Matthews Joseph E IV. The insider MULDER JOHN A sold $361,390. Nash Kevin C sold $113,059 worth of stock. 24,000 shares were sold by GOODE GARY F, worth $421,730.

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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