Thomas Story Son buys $5,338,037 stake in Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : Thomas Story Son scooped up 425 additional shares in Gentex Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 293,460 shares of Gentex Corporation which is valued at $5,338,037.Gentex Corporation makes up approximately 3.21% of Thomas Story Son’s portfolio.

Other Hedge Funds, Including , Saturna Capital Corp reduced its stake in GNTX by selling 190,300 shares or 38.06% in the most recent quarter. The Hedge Fund company now holds 309,700 shares of GNTX which is valued at $5,633,443. Gentex Corporation makes up approx 0.17% of Saturna Capital Corp’s portfolio.Swiss National Bank reduced its stake in GNTX by selling 2,500 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 479,500 shares of GNTX which is valued at $8,319,325. Gentex Corporation makes up approx 0.01% of Swiss National Bank’s portfolio.Rice Hall James Associates reduced its stake in GNTX by selling 421 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 142,369 shares of GNTX which is valued at $2,589,692. Gentex Corporation makes up approx 0.14% of Rice Hall James Associates’s portfolio.

Gentex Corporation opened for trading at $18.16 and hit $18.3 on the upside on Monday, eventually ending the session at $18.28, with a gain of 1.11% or 0.2 points. The heightened volatility saw the trading volume jump to 11,69,283 shares. Company has a market cap of $5,243 M.

On the company’s financial health, Gentex Corporation reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.29. The company had revenue of $423.80 million for the quarter, compared to analysts expectations of $416.74 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry dimmable aircraft windows for the aviation industry and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business involves designing developing manufacturing and marketing interior and exterior auto-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. It also designs develops and manufactures various electronics features that are additive to the interior and exterior automotive rearview mirrors as well as interior visors and overhead consoles. The Company ships its product to all of the automotive producing regions across the world.

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