PGT Innovations (NYSE:PGTI) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, February 4th.
A number of other analysts also recently issued reports on the stock. Deutsche Bank started coverage on shares of PGT Innovations in a report on Friday, October 19th. They issued a “buy” rating and a $26.00 price objective for the company. Zacks Investment Research downgraded shares of PGT Innovations from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 15th. Finally, JPMorgan Chase & Co. started coverage on shares of PGT Innovations in a research note on Tuesday, December 18th. They issued a “neutral” rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $23.75.
PGTI traded down $0.32 during trading on Monday, hitting $14.76. The company had a trading volume of 795,038 shares, compared to its average volume of 406,447. The company has a current ratio of 2.82, a quick ratio of 2.16 and a debt-to-equity ratio of 0.99. PGT Innovations has a one year low of $13.94 and a one year high of $26.40. The stock has a market capitalization of $855.19 million, a P/E ratio of 12.51, a P/E/G ratio of 0.70 and a beta of 1.10.
PGT Innovations (NYSE:PGTI) last released its quarterly earnings data on Wednesday, February 27th. The construction company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. PGT Innovations had a net margin of 9.92% and a return on equity of 25.71%. The company had revenue of $189.89 million for the quarter, compared to analyst estimates of $173.39 million. During the same period in the previous year, the business earned $0.18 EPS. PGT Innovations’s revenue for the quarter was up 41.6% compared to the same quarter last year. On average, equities research analysts predict that PGT Innovations will post 1.27 EPS for the current fiscal year.
In related news, Director Rodney Hershberger sold 34,851 shares of the firm’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $17.12, for a total transaction of $596,649.12. Following the transaction, the director now directly owns 1,106,139 shares of the company’s stock, valued at $18,937,099.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.80% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its stake in shares of PGT Innovations by 182.2% in the fourth quarter. IFP Advisors Inc now owns 2,822 shares of the construction company’s stock worth $44,000 after purchasing an additional 1,822 shares in the last quarter. Advisor Group Inc. grew its stake in PGT Innovations by 61.6% during the fourth quarter. Advisor Group Inc. now owns 3,831 shares of the construction company’s stock valued at $62,000 after acquiring an additional 1,460 shares in the last quarter. Bruderman Asset Management LLC purchased a new position in PGT Innovations during the fourth quarter valued at approximately $80,000. Quantamental Technologies LLC purchased a new position in PGT Innovations during the fourth quarter valued at approximately $94,000. Finally, NumerixS Investment Technologies Inc bought a new stake in PGT Innovations during the fourth quarter valued at approximately $110,000. Institutional investors and hedge funds own 93.44% of the company’s stock.
About PGT Innovations
PGT Innovations, Inc manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones.
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