Gentex Corporation (GNTX)’s Stock Is Buy After Achieving All-Time High

April 17, 2018 - By Jimmy Baldridge

Gentex Corporation (NASDAQ:GNTX) Logo

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.36, from 1.24 in 2017Q3. It is negative, 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.
Scharf Invests Ltd Co stated it has 2.51% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Keybank National Association Oh holds 20,307 shares or 0% of its portfolio. Citadel Ltd Llc reported 10,631 shares stake. Hartline Investment reported 0.07% stake. 71,800 are held by Louisiana State Employees Retirement. Weatherly Asset Mgmt Lp reported 11,288 shares stake. 233,169 were accumulated by Mutual Of America Mngmt Ltd Liability Corporation. Verity Asset Mgmt Inc holds 0.2% or 11,229 shares in its portfolio. Shell Asset has 57,266 shares. 339,517 were accumulated by Deutsche Bank & Trust Ag. 231,310 were accumulated by Royal State Bank Of Canada. 1.81 million are held by Millennium Ltd. Gsa Partners Llp holds 93,500 shares or 0.12% of its portfolio. Moreover, Hightower Advisors Lc has 0% invested in Gentex Corporation (NASDAQ:GNTX) for 20,380 shares. Proshare Advsrs, Maryland-based fund reported 26,438 shares.

Since January 29, 2018, it had 0 buys, and 8 sales for $24.73 million activity. GOODE GARY F sold 12,000 shares worth $280,968. Ryan Scott P also sold $170,823 worth of Gentex Corporation (NASDAQ:GNTX) shares. Nash Kevin C sold 7,874 shares worth $184,282. Another trade for 26,000 shares valued at $611,341 was made by MULDER JOHN A on Monday, January 29. $23,860 worth of Gentex Corporation (NASDAQ:GNTX) was sold by Matthews Joseph E IV. Wallace James H sold $280,776 worth of stock or 12,000 shares.

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 1.74M 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 $109.45 million 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. As per Tuesday, January 23, the company rating was downgraded by Robert W. Baird. On Monday, March 12 the stock rating was maintained by FBR Capital with “Buy”. The rating was maintained by Robert W. Baird on Monday, October 23 with “Outperform”. The firm earned “Buy” rating on Friday, October 20 by Robert W. Baird. The rating was maintained by FBR Capital with “Buy” on Thursday, February 22. The firm has “Buy” rating given on Tuesday, March 27 by FBR Capital. KeyBanc Capital Markets maintained it with “Buy” rating and $25.0 target in Monday, November 13 report. The stock of Gentex Corporation (NASDAQ:GNTX) has “Hold” rating given on Monday, January 29 by Craig Hallum. Susquehanna maintained Gentex Corporation (NASDAQ:GNTX) rating on Wednesday, March 14. Susquehanna has “Hold” rating and $24.0 target. The rating was maintained by FBR Capital with “Buy” on Thursday, January 11.

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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