<div id="readability-page-1"><p>Norges Bank acquired a new stake in shares of  Gentex Corporation (NASDAQ:GNTX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,356,303 shares of the auto parts company's stock, valued at approximately $51,815,000. Norges Bank owned approximately 1.07% of Gentex at the end of the most recent reporting period.</p><ul><li>Miso Robotics stock: Is an IPO coming soon?</li></ul><p>Other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of  Gentex by 4.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 11,875 shares of the auto parts company's stock valued at $277,000 after purchasing an additional 521 shares during the last quarter.  Nisa Investment Advisors LLC grew its position in  Gentex by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 139,315 shares of the auto parts company's stock valued at $3,064,000 after acquiring an additional 614 shares during the last quarter.  UMB Bank n.a. raised its stake in  Gentex by 34.4% during the second quarter. UMB Bank n.a. now owns 2,854 shares of the auto parts company's stock worth $63,000 after acquiring an additional 730 shares in the last quarter.  GAMMA Investing LLC lifted its holdings in shares of  Gentex by 12.8% in the second quarter. GAMMA Investing LLC now owns 6,721 shares of the auto parts company's stock worth $148,000 after acquiring an additional 764 shares during the last quarter.  Finally, Thurston Springer Miller Herd &amp; Titak Inc. boosted its stake in shares of  Gentex by 17.0% in the 2nd quarter. Thurston Springer Miller Herd &amp; Titak Inc. now owns 5,744 shares of the auto parts company's stock valued at $126,000 after purchasing an additional 836 shares in the last quarter. Institutional investors and hedge funds own  86.76% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of equities analysts recently issued reports on the stock. UBS Group  reiterated a &#34;neutral&#34; rating and set a $29.00 price objective (up from $28.00) on shares of Gentex in a research report on Monday, October 6th. Zacks Research downgraded shares of Gentex from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Friday, September 19th. The Goldman Sachs Group  set a $27.00 price objective on Gentex and gave the company a &#34;neutral&#34; rating in a report on Monday, October 27th. Weiss Ratings  reaffirmed a &#34;hold (c)&#34; rating on shares of Gentex in a report on Wednesday, October 8th. Finally, Robert W. Baird  set a $29.00 price target on Gentex in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Buy rating and seven have assigned  a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of &#34;Hold&#34; and an average target price of $28.29.</p><ul><li>Analysts Recommend These Stocks To Cushion The Automotive Slump</li></ul><p><b>View Our Latest Stock Report on GNTX</b></p><h2>Gentex Trading Up 0.4%</h2><p>NASDAQ GNTX opened at $23.22 on Friday. The firm has a market capitalization of $5.08 billion, a PE ratio of 13.66 and a beta of 0.78. The business's 50-day moving average price is $24.45 and its two-hundred day moving average price is $24.79. Gentex Corporation has a 12 month low of $20.28 and a 12 month high of $31.25. </p><p>Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings data on Friday, October 24th. The auto parts company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). Gentex had a return on equity of 15.86% and a net margin of 15.61%.The company had revenue of $570.32 million during the quarter, compared to analyst estimates of $661.10 million. During the same period in the prior year, the firm earned $0.53 earnings per share. Gentex's revenue was up 7.7% compared to the same quarter last year.  As a group, analysts forecast that  Gentex Corporation will post 2.04 earnings per share for the current fiscal year. </p><h2>Gentex Announces Dividend</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Wednesday, January 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, January 7th. Gentex's dividend payout ratio  is currently 28.24%. </p><h2>Gentex Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Gentex</li><li>How to Effectively Use the MarketBeat Ratings Screener</li><li>Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a Gift</li><li>How to Profit From Growth Investing </li><li>Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning Bullish</li><li>Bank Stocks - Best Bank Stocks to Invest In</li><li>Snowflake Stock: The Dip That Smart Investors Are Buying Right Now</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R05UWA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R05UWA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Gentex Right Now?</h2><p>Before you consider Gentex, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gentex wasn't on the list.</p><p>While Gentex currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

GNTX

<p>Norges Bank acquired 2,356,303 shares of Gentex Corporation, valued at $51,815,000, representing 1.07% ownership. Other investors also modified their holdings. Analysts have mixed ratings on Gentex, with an average 'Hold' rating and a target price of $28.29. Gentex's recent earnings missed estimates, but revenue increased by 7.7% year-over-year. The company announced a quarterly dividend of $0.12 per share, with a yield of 2.1%.</p>

2,356,303 Shares in Gentex Corporation $GNTX Acquired by Norges Bank