Shares of PGT Innovations Inc (NASDAQ:PGTI) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $14.00.
Several equities research analysts have recently issued reports on the company. BidaskClub lowered PGT Innovations from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. KeyCorp reaffirmed a “hold” rating on shares of PGT Innovations in a research note on Tuesday, September 26th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of PGT Innovations in a research note on Tuesday, September 12th. FBR & Co reaffirmed a “buy” rating and issued a $15.00 price objective (up from $13.00) on shares of PGT Innovations in a research note on Monday, August 21st. Finally, Raymond James Financial, Inc. lowered PGT Innovations from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th.
PGT Innovations (NASDAQ PGTI) traded up 0.69% during mid-day trading on Wednesday, reaching $14.55. The company had a trading volume of 37,203 shares. PGT Innovations has a 1-year low of $9.50 and a 1-year high of $15.10. The company has a market capitalization of $721.71 million, a PE ratio of 26.03 and a beta of 0.93. The firm has a 50-day moving average of $14.19 and a 200 day moving average of $12.54.
PGT Innovations (NASDAQ:PGTI) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The business had revenue of $137.38 million during the quarter, compared to analyst estimates of $127.79 million. PGT Innovations had a return on equity of 28.98% and a net margin of 7.46%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. On average, analysts predict that PGT Innovations will post $0.59 earnings per share for the current fiscal year.
In related news, Director Richard D. Feintuch sold 49,459 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $13.19, for a total transaction of $652,364.21. Following the completion of the sale, the director now directly owns 81,051 shares of the company’s stock, valued at approximately $1,069,062.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brett N. Milgrim sold 8,894 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $13.10, for a total value of $116,511.40. Following the sale, the director now directly owns 55,760 shares of the company’s stock, valued at $730,456. The disclosure for this sale can be found here. Insiders sold a total of 66,675 shares of company stock valued at $879,808 over the last ninety days. Corporate insiders own 6.50% of the company’s stock.
Several hedge funds have recently modified their holdings of PGTI. Bank of New York Mellon Corp lifted its stake in shares of PGT Innovations by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 541,037 shares of the construction company’s stock worth $5,815,000 after acquiring an additional 8,272 shares during the last quarter. Sei Investments Co. lifted its stake in shares of PGT Innovations by 19.2% during the 1st quarter. Sei Investments Co. now owns 24,444 shares of the construction company’s stock worth $263,000 after acquiring an additional 3,934 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of PGT Innovations by 4.8% during the 1st quarter. Ameriprise Financial Inc. now owns 255,445 shares of the construction company’s stock worth $2,746,000 after acquiring an additional 11,760 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of PGT Innovations by 49.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 34,250 shares of the construction company’s stock worth $368,000 after acquiring an additional 11,370 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its stake in shares of PGT Innovations by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 11,457 shares of the construction company’s stock worth $123,000 after acquiring an additional 750 shares during the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.
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About PGT Innovations
PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.
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