According to its latest filing, Northwestern Mutual Wealth Management Co. increased its position in Gentex Corporation by 3,905.8% during the fourth quarter. The firm now holds 700,693 shares. This stake has a market value of approximately $16.3 million. Institutional investors own 86.76% of the company.
Gentex reported first-quarter earnings of $0.48 per share. The company generated $675.44 million in revenue. These results exceeded analyst expectations.
Analysts maintain a consensus Hold rating on the stock. The average price target for Gentex is $26.83.