Calamos Advisors LLC continued to hold its position in Gentex Corp. (NASDAQ:GNTX) during the second quarter, Holdings Channel reports. The fund owned 14,000 shares of the company’s stock at the end of the second quarter. Calamos Advisors LLC’s holdings in Gentex Corp. were worth $216,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Dearborn Partners LLC bought a new stake in shares of Gentex Corp. during the second quarter worth $190,000. 1st Global Advisors Inc. raised its stake in shares of Gentex Corp. by 1.5% in the second quarter. 1st Global Advisors Inc. now owns 13,742 shares of the company’s stock worth $212,000 after buying an additional 204 shares during the last quarter. Trust Co. of Toledo NA OH raised its stake in shares of Gentex Corp. by 0.5% in the second quarter. Trust Co. of Toledo NA OH now owns 14,514 shares of the company’s stock worth $224,000 after buying an additional 67 shares during the last quarter. Sigma Planning Corp raised its stake in shares of Gentex Corp. by 1.3% in the second quarter. Sigma Planning Corp now owns 15,085 shares of the company’s stock worth $233,000 after buying an additional 200 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its stake in shares of Gentex Corp. by 0.5% in the second quarter. Eqis Capital Management Inc. now owns 16,409 shares of the company’s stock worth $254,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 86.22% of the company’s stock.
Gentex Corp. (NASDAQ:GNTX) traded down 0.61% during midday trading on Friday, reaching $17.80. 1,839,547 shares of the company traded hands. Gentex Corp. has a one year low of $12.93 and a one year high of $18.30. The company has a 50 day moving average price of $17.66 and a 200-day moving average price of $16.57. The stock has a market capitalization of $5.10 billion, a P/E ratio of 15.61 and a beta of 1.10.
Gentex Corp. (NASDAQ:GNTX) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Gentex Corp. had a net margin of 20.52% and a return on equity of 19.26%. The business earned $423.80 million during the quarter, compared to analyst estimates of $416.99 million. During the same quarter last year, the business earned $0.26 earnings per share. Gentex Corp.’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts forecast that Gentex Corp. will post $1.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Friday, October 7th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Wednesday, October 5th. Gentex Corp.’s dividend payout ratio is currently 31.30%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Gentex Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, July 27th. Wells Fargo & Co. reaffirmed an “outperform” rating and set a $19.00 target price on shares of Gentex Corp. in a research note on Tuesday, September 13th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Gentex Corp. in a research note on Saturday, June 18th.
In other news, Director Gary F. Goode sold 24,000 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $17.57, for a total value of $421,680.00. Following the sale, the director now owns 28,000 shares of the company’s stock, valued at $491,960. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Scott P. Ryan sold 5,132 shares of the stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $17.77, for a total transaction of $91,195.64. Following the completion of the sale, the general counsel now directly owns 14,446 shares in the company, valued at approximately $256,705.42. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.
About Gentex Corp.
Gentex Corporation designs and manufactures 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 segments include Automotive Products and Other, which includes Fire Protection Products and Dimmable Aircraft Windows.
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