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GNTX Gentex

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

Company profile

Ticker
GNTX
Exchange
Website
CEO
Steve R. Downing
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
382030505

GNTX stock data

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)

Calendar

6 May 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Gentex earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Jun 21 Ling Zang Common Stock Sell Dispose S No No 34.34 10,000 343.4K 11,138
20 May 21 Brown Leslie L Common Stock Grant Aquire A No No 0 2,845 0 14,309
20 May 21 Goode Gary F Common Stock Grant Aquire A No No 0 2,845 0 27,309
20 May 21 Walker Brian C Common Stock Grant Aquire A No No 0 2,845 0 11,309
20 May 21 Starkoff Kathleen Common Stock Grant Aquire A No No 0 2,845 0 12,309

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

81.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 493 491 +0.4%
Opened positions 59 83 -28.9%
Closed positions 57 43 +32.6%
Increased positions 176 175 +0.6%
Reduced positions 178 171 +4.1%
13F shares
Current Prev Q Change
Total value 7.03B 6.85B +2.7%
Total shares 197.09M 201.77M -2.3%
Total puts 113K 29K +289.7%
Total calls 485K 228.8K +112.0%
Total put/call ratio 0.2 0.1 +83.8%
Largest owners
Shares Value Change
Vanguard 25M $891.66M +8.9%
BLK Blackrock 23.02M $821.06M +5.9%
Maj Invest Holding A/S 7.5M $267.41M +4.2%
STT State Street 6.13M $218.62M -0.1%
Boston Partners 5.01M $178.58M +8.8%
Disciplined Growth Investors 4.76M $169.75M +11.3%
GS Goldman Sachs 4.61M $164.52M +20.8%
Dimensional Fund Advisors 4.48M $159.67M +0.2%
Riverbridge Partners 3.82M $136.4M -2.2%
Geode Capital Management 3.73M $133.39M -1.0%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -2.46M EXIT
Vanguard 25M +2.05M +8.9%
Citadel Advisors 382.56K -1.38M -78.3%
Cooke & Bieler 2.31M +1.29M +126.0%
BLK Blackrock 23.02M +1.27M +5.9%
Capital World Investors 166K -1.25M -88.3%
Renaissance Technologies 2.64M -1.15M -30.4%
First Trust Advisors 682.44K -971.02K -58.7%
Point72 Asset Management 0 -953.66K EXIT
Nitorum Capital 1.51M -812.36K -35.0%

Financial report summary

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Management Discussion
  • Net Sales. In 2020, Company net sales decreased by $170.7 million, or 9% compared to the prior year. Net sales for 2020 were negatively impacted by lower than forecasted global vehicle production rates for calendar year 2020, which were down 16% on a year over year basis. The reduction in global light vehicle production and the Company's sales was impacted primarily a result of the global shutdowns as a result of the COVID-19 pandemic, which primarily impacted the Company in the second quarter of 2020. Automotive net sales decreased as a result of an 11% decrease in automatic-dimming mirror shipments, from 42.9 million units in 2019 to 38.2 million units in 2020.
  • Other net sales decreased 17% to $40.0 million compared to the prior year, as dimmable aircraft window sales decreased 30% year over year and fire protection saw a decrease in net sales of 4% year over year. Dimmable aircraft window sales were impacted by production challenges the Company's customer faced.
  • Cost of Goods Sold. As a percentage of net sales, cost of goods sold increased from 63.0% in 2019 to 64.1% in 2020. The year over year decrease in the gross profit margin was primarily the result of the Company's inability to leverage fixed overhead during the second quarter of 2020 as a result of COVID-19 related shutdowns and decreases in demand, as well as annual customer price reductions, which were partially offset by improvements in product mix related to Full Display Mirror® as well as purchasing cost reductions and structural cost reductions. On a year over year basis, the inability to leverage fixed overhead and annual customer price reductions each had a negative impact of approximately 150 - 250 basis points on gross profit margin. Purchasing cost reductions, product mix improvements, and structural cost reductions each independently had a positive impact on gross profit margin on a period over period basis of approximately 50 - 100 basis points.
Content analysis
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