Wall Street analysts expect PGT Innovations Inc (NYSE:PGTI) to announce sales of $118.85 million for the current quarter, according to Zacks. Three analysts have made estimates for PGT Innovations’ earnings. The highest sales estimate is $119.90 million and the lowest is $118.26 million. PGT Innovations reported sales of $109.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.5%. The business is expected to announce its next quarterly earnings report before the market opens on Tuesday, February 20th.
On average, analysts expect that PGT Innovations will report full-year sales of $118.85 million for the current fiscal year, with estimates ranging from $495.00 million to $496.90 million. For the next fiscal year, analysts forecast that the company will report sales of $543.28 million per share, with estimates ranging from $530.00 million to $554.43 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for PGT Innovations.
PGTI has been the subject of a number of analyst reports. BidaskClub lowered PGT Innovations from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Dougherty & Co raised PGT Innovations from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. B. Riley reissued a “buy” rating on shares of PGT Innovations in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $17.00 price target on shares of PGT Innovations in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $17.25.
In other news, Director Richard D. Feintuch sold 50,000 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 75,508 shares of the company’s stock, valued at approximately $1,211,903.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William J. Morgan sold 41,395 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 75,508 shares of the company’s stock, valued at $1,186,230.68. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. TIAA CREF Investment Management LLC increased its position in shares of PGT Innovations by 42.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 187,266 shares of the construction company’s stock valued at $3,155,000 after purchasing an additional 55,899 shares during the last quarter. Teachers Advisors LLC increased its position in shares of PGT Innovations by 6.4% during the 4th quarter. Teachers Advisors LLC now owns 94,667 shares of the construction company’s stock valued at $1,595,000 after purchasing an additional 5,713 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of PGT Innovations during the 4th quarter valued at $200,000. Goldman Sachs Group Inc. increased its position in shares of PGT Innovations by 35.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 217,142 shares of the construction company’s stock valued at $3,659,000 after purchasing an additional 56,425 shares during the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of PGT Innovations during the 4th quarter valued at $200,000. 91.74% of the stock is owned by hedge funds and other institutional investors.
Shares of PGT Innovations (NYSE PGTI) traded up $0.45 during trading hours on Friday, hitting $15.60. The stock had a trading volume of 302,992 shares, compared to its average volume of 295,403. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.67 and a quick ratio of 2.71. PGT Innovations has a one year low of $10.00 and a one year high of $17.60. The firm has a market capitalization of $749.88, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 1.27 and a beta of 1.06.
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PGT Innovations Company Profile
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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