Gentex Corp Director Gary Goode Sells 7,000 Shares
On February 2, 2024, Gary Goode, a director at Gentex Corp (NASDAQ:GNTX), sold 7,000 shares of the company's stock, according to a recent SEC Filing. The transaction was executed with the shares priced at $34.11 each, resulting in a total sale amount of $238,770.
Gentex Corp is a company that specializes in the production of automatic-dimming rear-view mirrors, camera-based driver assistance systems, and other automotive electronics for the global automotive industry. The company also provides commercial smoke detectors and signaling devices to the fire protection industry, as well as dimmable aircraft windows for the aviation industry.
Over the past year, the insider has sold a total of 11,416 shares and has not made any purchases of the company's stock. The recent sale by the insider is part of a trend observed over the past year, where there have been no insider buys and 9 insider sells for Gentex Corp.
Shares of Gentex Corp were trading at $34.11 on the day of the insider's sale, giving the company a market capitalization of $7.837 billion. The price-earnings ratio of the stock stands at 18.26, which is above both the industry median of 15.81 and the company's historical median price-earnings ratio.
The stock's price relative to the GuruFocus Value (GF Value) indicates that Gentex Corp is currently modestly undervalued. With a share price of $34.11 and a GF Value of $39.10, the price-to-GF-Value ratio is 0.87. The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider selling activity for Gentex Corp.
The GF Value image provides a visual representation of the stock's current valuation in relation to its intrinsic value as estimated by GuruFocus.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
