Shares of PGT Innovations Inc (NYSE:PGTI) have earned a consensus rating of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $24.00.
A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of PGT Innovations from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. Zacks Investment Research upgraded shares of PGT Innovations from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Dougherty & Co reiterated a “buy” rating and set a $22.00 target price (down from $27.00) on shares of PGT Innovations in a report on Thursday, February 28th. Wells Fargo & Co lowered shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a report on Thursday, February 28th. Finally, KeyCorp increased their target price on shares of PGT Innovations from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 6th.
In related news, insider Jeffrey T. Jackson purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average cost of $14.35 per share, with a total value of $43,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rodney Hershberger sold 19,663 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $14.48, for a total transaction of $284,720.24. Following the completion of the transaction, the director now directly owns 1,119,863 shares of the company’s stock, valued at $16,215,616.24. The disclosure for this sale can be found here. 5.80% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in shares of PGT Innovations by 182.2% during the fourth quarter. IFP Advisors Inc now owns 2,822 shares of the construction company’s stock valued at $44,000 after purchasing an additional 1,822 shares in the last quarter. AlphaOne Investment Services LLC bought a new position in shares of PGT Innovations during the first quarter valued at approximately $46,000. Advisor Group Inc. increased its stake in shares of 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 purchasing an additional 1,460 shares in the last quarter. Bruderman Asset Management LLC bought a new position in shares of PGT Innovations during the fourth quarter valued at approximately $80,000. Finally, Quantamental Technologies LLC bought a new position in shares of PGT Innovations during the fourth quarter valued at approximately $94,000. 92.21% of the stock is owned by institutional investors.
Shares of PGT Innovations stock traded down $0.34 during trading on Thursday, reaching $15.11. 370,184 shares of the stock were exchanged, compared to its average volume of 493,376. The company has a current ratio of 3.03, a quick ratio of 2.28 and a debt-to-equity ratio of 0.99. The firm has a market cap of $881.62 million, a P/E ratio of 12.81, a P/E/G ratio of 1.12 and a beta of 1.01. PGT Innovations has a 1 year low of $13.35 and a 1 year high of $26.40.
PGT Innovations (NYSE:PGTI) last posted its earnings results on Thursday, May 2nd. The construction company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. The company had revenue of $174.00 million during the quarter, compared to analyst estimates of $175.14 million. PGT Innovations had a net margin of 7.49% and a return on equity of 18.46%. PGT Innovations’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. Research analysts forecast that PGT Innovations will post 1.01 earnings per share for the current fiscal year.
About PGT Innovations
PGT Innovations, Inc manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It 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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