GentexGNTX
GNTX
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
15% more call options, than puts
Call options by funds: $9.92M | Put options by funds: $8.6M
8% less repeat investments, than reductions
Existing positions increased: 183 | Existing positions reduced: 198
1.92% less ownership
Funds ownership: 93.43% [Q2] → 91.51% (-1.92%) [Q3]
2% less funds holding
Funds holding: 529 [Q2] → 516 (-13) [Q3]
14% less capital invested
Capital invested by funds: $7.28B [Q2] → $6.26B (-$1.02B) [Q3]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]
18% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 71
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$31
6%
upside
Avg. target
$34
17%
upside
High target
$37
27%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Guggenheim Ronald Jewsikow 38% 1-year accuracy 9 / 24 met price target | 17%upside $34 | Buy Maintained | 21 Nov 2024 |
Baird David Leiker 0% 1-year accuracy 0 / 3 met price target | 27%upside $37 | Outperform Maintained | 28 Oct 2024 |
B of A Securities John Murphy 57% 1-year accuracy 24 / 42 met price target | 20%upside $35 | Neutral Maintained | 14 Oct 2024 |
Goldman Sachs Mark Delaney 58% 1-year accuracy 18 / 31 met price target | 6%upside $31 | Neutral Maintained | 1 Oct 2024 |
Financial journalist opinion
Based on 5 articles about GNTX published over the past 30 days
Neutral
PRNewsWire
3 days ago
VOXX International to be Acquired by Gentex Corporation in All-Cash Transaction for $7.50 per Common Share
Transaction Implies 163% Premium Over the Unaffected Stock Price Prior to the August 27, 2024 Announcement that the Board was exploring Strategic Alternatives ORLANDO, Fla. , Dec. 18, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX) ("VOXX" or the "Company"), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, as well as strategic joint ventures including biometrics, today announced that VOXX and Gentex Corporation (NASDAQ: GNTX) ("Gentex") have entered into a definitive agreement and plan of merger ("Merger Agreement") for Gentex to acquire VOXX in an all-cash transaction.
Neutral
GlobeNewsWire
3 days ago
Gentex Signs Definitive Agreement to Acquire VOXX International
ZEELAND, Mich., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today announced that Gentex and VOXX International Corporation (NASDAQ: VOXX) have entered into a definitive agreement and plan of merger for Gentex to acquire VOXX in an all-cash transaction.
Neutral
GlobeNewsWire
2 weeks ago
PhotoniCare Announces a First Close of $4.6 Million in Series B Financing, a Manufacturing Partnership with Gentex Corporation, and Relocation of its Headquarters to Grand Rapids, Michigan
GRAND RAPIDS, Mich., Dec. 03, 2024 (GLOBE NEWSWIRE) -- PhotoniCare Inc., a medical device company dedicated to delivering innovation to frontline care that demonstrably enhances patient outcomes, is pleased to announce that it has secured $4.6 million in Series B financing, formed a manufacturing partnership with Gentex Corporation for its first-in-class, FDA-cleared OtoSight™ Middle Ear Scope, and finalized the relocation of its headquarters from Champaign, Illinois to Grand Rapids, Michigan. The new money is the first close in an expected $9 million round.
Neutral
Business Wire
3 weeks ago
Gentex Corporation Awarded Navy OTA for Next Generation Fixed Wing Helmet Program
CARBONDALE, Pa.--(BUSINESS WIRE)--Gentex Corporation, a global leader in personal protection and situational awareness solutions for defense forces, aircrew, emergency responders and industrial personnel, has been awarded an Other Transaction Agreement (OTA) by the U.S. Navy to develop the Navy's Next Generation Fixed Wing Helmet (NGFWH) program. This further signifies Gentex's commitment to providing cutting-edge protection for military aircrew and marks an important step forward in Naval Avia.
Neutral
GlobeNewsWire
3 weeks ago
Gentex Announces Fourth Quarter 2024 Cash Dividend
ZEELAND, Mich., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable January 22, 2025, to shareholders of record of the common stock at the close of business on January 8, 2025.
Neutral
GlobeNewsWire
1 month ago
Gentex to Host Three Vehicle Unveils and Showcase Technology for Automotive OEMs, Race Teams, and the Aftermarket at SEMA 2024
LAS VEGAS, Nov. 05, 2024 (GLOBE NEWSWIRE) -- The automotive aftermarket's SEMA Show opens today in Las Vegas, and Gentex Corporation's (NASDAQ: GNTX) booth will be front and center as it hosts the debut of two custom vehicle builds by the renowned Ringbrothers, and one by West Michigan's Label Motorsports. Gentex will also showcase its automotive portfolio of car-to-home automation, connectivity, e-concierge, digital vision, and dimmable glass products for automakers and the automotive aftermarket.
Neutral
Business Wire
1 month ago
United States Air Force Awards Gentex Corporation Aircrew Laser Eye Protection (ALEP) Night Spectacle Contract
CARBONDALE, Pa.--(BUSINESS WIRE)--Gentex Corporation, a global leader in personal protection and situational awareness solutions for defense forces, aircrew, emergency responders and industrial personnel, announced today that it was awarded the United States Air Force Aircrew Laser Eye Protection (ALEP) Night Spectacle contract to develop and produce its laser protective eyewear for aircrew, the Block III Night Spectacle. This order includes over 13,000 Block III Night Spectacles over the next.
Positive
Zacks Investment Research
1 month ago
Gentex Q3 Earnings Surpass Expectations, Guidance Revised
GNTX reports mixed third-quarter results and expects 2024 net sales in the range of $2.35-$2.40 billion, down from the previous estimate of $2.40-$2.50 billion.
Positive
Zacks Investment Research
1 month ago
Gentex (GNTX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Gentex (GNTX) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 month ago
Gentex (GNTX) Tops Q3 Earnings Estimates
Gentex (GNTX) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.45 per share a year ago.
Charts implemented using Lightweight Charts™