GentexGNTX
Market Cap: $6.94B
About: Gentex was founded in 1974 to produce smoke-detection equipment. The company sold its first glare-control interior mirror in 1982 and its first model using electrochromic technology in 1987. Automotive revenue is about 98% of total revenue. The company is constantly developing new applications for the technology to remain on top. Sales in 2023 totaled about $2.3 billion with 50.6 million mirrors shipped. The unit mix breaks out as 63% interior and 37% exterior, versus 31% exterior in 2019. The company is based in Zeeland, Michigan.
Employees: 5,466
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
14% more repeat investments, than reductions
Existing positions increased: 205 | Existing positions reduced: 180
2.65% more ownership
Funds ownership: 89.16% [Q1] → 91.81% (+2.65%) [Q2]
6% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 64
1% more funds holding
Funds holding: 523 [Q1] → 527 (+4) [Q2]
4% less capital invested
Capital invested by funds: $7.45B [Q1] → $7.15B (-$297M) [Q2]
25% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 6 (-2) [Q2]
28% less call options, than puts
Call options by funds: $6.83M | Put options by funds: $9.52M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
UBS Joseph Spak 27% 1-year accuracy 4 / 15 met price target | 13%upside $34 | Neutral Initiated | 4 Sept 2024 |
B. Riley Securities Josh Nichols 50% 1-year accuracy 8 / 16 met price target | 37%upside $41 | Buy Maintained | 29 Jul 2024 |
Baird David Leiker 0% 1-year accuracy 0 / 2 met price target | 27%upside $38 | Outperform Maintained | 29 Jul 2024 |
JP Morgan Ryan Brinkman 41% 1-year accuracy 14 / 34 met price target | 17%upside $35 | Neutral Maintained | 22 Jul 2024 |
Baird David Leiker 0% 1-year accuracy 0 / 2 met price target | 33%upside $40 | Outperform Maintained | 12 Jul 2024 |