Touchstone Capital Inc. Has $8.14 Million Stock Position in Gentex Co. (NASDAQ:GNTX)

Touchstone Capital Inc. lessened its position in shares of Gentex Co. (NASDAQ:GNTX) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 249,224 shares of the auto parts company’s stock after selling 2,603 shares during the period. Gentex accounts for 7.7% of Touchstone Capital Inc.’s holdings, making the stock its 6th biggest holding. Touchstone Capital Inc.’s holdings in Gentex were worth $8,140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Belpointe Asset Management LLC increased its stake in Gentex by 414.3% in the first quarter. Belpointe Asset Management LLC now owns 900 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 725 shares in the last quarter. VisionPoint Advisory Group LLC increased its position in shares of Gentex by 123.6% during the third quarter. VisionPoint Advisory Group LLC now owns 1,203 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 665 shares in the last quarter. Quent Capital LLC increased its position in shares of Gentex by 209.0% during the third quarter. Quent Capital LLC now owns 1,749 shares of the auto parts company’s stock worth $57,000 after acquiring an additional 1,183 shares in the last quarter. Covestor Ltd increased its position in shares of Gentex by 79.2% during the first quarter. Covestor Ltd now owns 1,887 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 834 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Gentex by 31.7% during the first quarter. Steward Partners Investment Advisory LLC now owns 2,774 shares of the auto parts company’s stock worth $78,000 after acquiring an additional 667 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

Gentex Trading Down 0.5 %

Gentex stock opened at $36.12 on Friday. The firm’s 50 day simple moving average is $35.14 and its 200 day simple moving average is $32.63. The firm has a market capitalization of $8.36 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. Gentex Co. has a 1-year low of $25.85 and a 1-year high of $37.58.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, January 26th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Gentex had a net margin of 18.63% and a return on equity of 19.25%. The company had revenue of $589.13 million during the quarter, compared to analysts’ expectations of $563.42 million. During the same quarter in the prior year, the company earned $0.37 EPS. The firm’s revenue was up 19.3% on a year-over-year basis. Research analysts forecast that Gentex Co. will post 2.16 earnings per share for the current year.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, April 5th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, April 4th. This represents a $0.48 annualized dividend and a yield of 1.33%. Gentex’s payout ratio is currently 26.09%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GNTX. B. Riley boosted their price target on shares of Gentex from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. boosted their price target on shares of Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. The Goldman Sachs Group boosted their target price on shares of Gentex from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. StockNews.com upgraded shares of Gentex from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Finally, Guggenheim boosted their target price on shares of Gentex from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.67.

Insider Buying and Selling at Gentex

In other news, CFO Kevin C. Nash sold 13,500 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total value of $446,040.00. Following the completion of the sale, the chief financial officer now directly owns 44,321 shares of the company’s stock, valued at approximately $1,464,365.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Gentex news, Director Richard O. Schaum sold 6,022 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.93, for a total transaction of $204,326.46. Following the completion of the sale, the director now directly owns 62,555 shares in the company, valued at approximately $2,122,491.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevin C. Nash sold 13,500 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total transaction of $446,040.00. Following the sale, the chief financial officer now owns 44,321 shares of the company’s stock, valued at $1,464,365.84. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.

Gentex Company Profile

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.