After Touching All Time High, Is Gentex Corporation (GNTX)’s Near-Term Analysis Positive?

April 17, 2018 - By Linda Rogers

Gentex Corporation (NASDAQ:GNTX) Logo

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.36, from 1.24 in 2017Q3. It dived, as 26 investors sold Gentex Corporation shares while 144 reduced holdings. 52 funds opened positions while 98 raised stakes. 219.42 million shares or 2.26% less from 224.48 million shares in 2017Q3 were reported.
Legal & General Plc reported 1.31 million shares. Prudential Financial Inc reported 253,610 shares or 0.01% of all its holdings. Amer Cap Mngmt invested in 2.47M shares. Miles Capital reported 53,216 shares. Schroder Mgmt Grp holds 5.03M shares. Shelton Capital owns 0.04% invested in Gentex Corporation (NASDAQ:GNTX) for 32,558 shares. Goelzer Mngmt Incorporated holds 248,591 shares. 91,222 are held by Sigma Investment Counselors. Tortoise Advsr Limited Company owns 0% invested in Gentex Corporation (NASDAQ:GNTX) for 24 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.01% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Hancock Holdings invested in 0.09% or 100,001 shares. Lsv Asset Mngmt holds 0% in Gentex Corporation (NASDAQ:GNTX) or 14,300 shares. Northwestern Mutual Wealth Management has 0% invested in Gentex Corporation (NASDAQ:GNTX). Swiss Bancorp reported 486,400 shares. Birch Hill Investment Advsr Lc has invested 3.79% in Gentex Corporation (NASDAQ:GNTX).

Since January 29, 2018, it had 0 insider buys, and 8 insider sales for $24.73 million activity. Wallace James H also sold $280,776 worth of Gentex Corporation (NASDAQ:GNTX) on Tuesday, January 30. 12,000 shares valued at $280,968 were sold by GOODE GARY F on Monday, January 29. BAUER FRED had sold 946,200 shares worth $22.07 million. Another trade for 7,874 shares valued at $184,282 was sold by Nash Kevin C. The insider Ryan Scott P sold $170,823. 1,060 shares were sold by Matthews Joseph E IV, worth $23,860.

The stock of Gentex Corporation (NASDAQ:GNTX) reached all time high today, Apr, 17 and still has $26.53 target or 9.00 % above today’s $24.34 share price. This indicates more upside for the $6.66B company. This technical setup was reported by Barchart.com. If the $26.53 PT is reached, the company will be worth $599.40M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.04% or $0.01 during the last trading session, reaching $24.34. About 1.74 million shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 8.07% since April 17, 2017 and is uptrending. It has underperformed by 3.48% the S&P500.

Analysts await Gentex Corporation (NASDAQ:GNTX) to report earnings on April, 20. They expect $0.40 earnings per share, up 21.21 % or $0.07 from last year’s $0.33 per share. GNTX’s profit will be $109.45M for 15.21 P/E if the $0.40 EPS becomes a reality. After $0.33 actual earnings per share reported by Gentex Corporation for the previous quarter, Wall Street now forecasts 21.21 % EPS growth.

Gentex Corporation (NASDAQ:GNTX) Ratings Coverage

Among 6 analysts covering Gentex (NASDAQ:GNTX), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Gentex had 12 analyst reports since October 20, 2017 according to SRatingsIntel. The firm has “Outperform” rating by Robert W. Baird given on Monday, October 23. KeyBanc Capital Markets maintained the shares of GNTX in report on Monday, November 13 with “Buy” rating. Robert W. Baird downgraded the stock to “Hold” rating in Tuesday, January 23 report. FBR Capital maintained the shares of GNTX in report on Monday, March 12 with “Buy” rating. Robert W. Baird maintained the shares of GNTX in report on Friday, October 20 with “Buy” rating. The rating was maintained by FBR Capital with “Buy” on Tuesday, March 27. The rating was maintained by Craig Hallum with “Hold” on Monday, January 29. FBR Capital maintained it with “Buy” rating and $29.0 target in Thursday, February 22 report. The stock of Gentex Corporation (NASDAQ:GNTX) earned “Hold” rating by Susquehanna on Wednesday, March 14. The firm has “Buy” rating given on Thursday, January 11 by FBR Capital.

Gentex Corporation designs, develops, makes, and markets 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 worldwide. The company has market cap of $6.66 billion. It offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers. It has a 17.26 P/E ratio. The firm also provides photoelectric smoke detectors and alarms, audible and visual signaling alarms, photoelectric smoke detectors and electrochemical carbon monoxide alarms, electrochemical carbon monoxide detectors and alarms, and bells and speakers for use in fire detection systems in office buildings, hotels, and other commercial and residential establishments.

Gentex Corporation (NASDAQ:GNTX) Institutional Positions Chart

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