B of A Securities Upgrades Gentex (GNTX)

Fintel reports that on July 6, 2023, B of A Securities upgraded their outlook for Gentex (NASDAQ:GNTX) from Underperform to Neutral .

Analyst Price Forecast Suggests 10.22% Upside

As of July 6, 2023, the average one-year price target for Gentex is 32.49. The forecasts range from a low of 26.26 to a high of $36.75. The average price target represents an increase of 10.22% from its latest reported closing price of 29.48.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Gentex is 2,257MM, an increase of 12.77%. The projected annual non-GAAP EPS is 1.86.

What is the Fund Sentiment?

There are 935 funds or institutions reporting positions in Gentex. This is an increase of 30 owner(s) or 3.31% in the last quarter. Average portfolio weight of all funds dedicated to GNTX is 0.29%, an increase of 2.13%. Total shares owned by institutions increased in the last three months by 0.29% to 230,981K shares. The put/call ratio of GNTX is 0.54, indicating a bullish outlook.

What are Other Shareholders Doing?

Ariel Investments holds 8,932K shares representing 3.82% ownership of the company. In it's prior filing, the firm reported owning 8,852K shares, representing an increase of 0.89%. The firm decreased its portfolio allocation in GNTX by 1.85% over the last quarter.

EdgePoint Investment Group holds 8,630K shares representing 3.69% ownership of the company. In it's prior filing, the firm reported owning 8,621K shares, representing an increase of 0.11%. The firm decreased its portfolio allocation in GNTX by 3.16% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,259K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 7,135K shares, representing an increase of 1.72%. The firm decreased its portfolio allocation in GNTX by 3.43% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 7,237K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 7,244K shares, representing a decrease of 0.10%. The firm decreased its portfolio allocation in GNTX by 1.72% over the last quarter.

NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 6,128K shares representing 2.62% ownership of the company. In it's prior filing, the firm reported owning 6,044K shares, representing an increase of 1.38%. The firm increased its portfolio allocation in GNTX by 0.03% over the last quarter.

Gentex Background Information
(This description is provided by the company.)

Founded in 1974, Gentex Corporation is a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies.

Additional reading:

• GENTEX REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS
• Credit Agreement by Gentex Corporation as the Borrower, the Guarantors from Time to Time Party Hereto, and the Lenders Party Hereto, and PNC, National Association as Administrative Agent, dated as of
• Specimen form of Performance Share Award Agreement for the Gentex Corporation Long-Term Incentive Plan filed as an exhibit to Registrant's Report on Form 10-K filed February 22, 2023.
• List of Company Subsidiaries

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.