Headlines about PGT Innovations (NYSE:PGTI) have been trending positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PGT Innovations earned a media sentiment score of 0.33 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 46.8688796636519 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of PGT Innovations (NYSE PGTI) opened at $15.95 on Thursday. The company has a current ratio of 3.67, a quick ratio of 2.71 and a debt-to-equity ratio of 1.50. The stock has a market cap of $799.54, a P/E ratio of 34.67, a P/E/G ratio of 1.35 and a beta of 1.21. PGT Innovations has a 12-month low of $10.00 and a 12-month high of $17.60.
PGT Innovations (NYSE:PGTI) last announced its earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The business had revenue of $126.90 million for the quarter, compared to the consensus estimate of $129.82 million. PGT Innovations had a net margin of 4.87% and a return on equity of 19.02%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. equities analysts predict that PGT Innovations will post 0.56 EPS for the current fiscal year.
Several research analysts have recently weighed in on PGTI shares. B. Riley boosted their price objective on shares of PGT Innovations from $15.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Royal Bank of Canada restated a “buy” rating and set a $17.00 target price on shares of PGT Innovations in a research report on Wednesday, November 15th. Dougherty & Co upgraded shares of PGT Innovations from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. Finally, BidaskClub lowered shares of PGT Innovations from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. PGT Innovations has an average rating of “Buy” and a consensus target price of $16.67.
In other PGT Innovations news, Director William J. Morgan sold 41,395 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $15.71, for a total value of $650,315.45. Following the completion of the transaction, the director now directly owns 75,508 shares in the company, valued at $1,186,230.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard D. Feintuch sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $16.05, for a total transaction of $802,500.00. Following the completion of the transaction, the director now owns 75,508 shares of the company’s stock, valued at $1,211,903.40. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.
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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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