PGT Innovations Inc (NYSE:PGTI) – Equities research analysts at B. Riley issued their FY2019 earnings per share estimates for PGT Innovations in a research note issued to investors on Monday, March 11th. B. Riley analyst A. Rygiel forecasts that the construction company will post earnings of $0.98 per share for the year.
PGT Innovations (NYSE:PGTI) last announced its quarterly earnings data on Wednesday, February 27th. The construction company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. PGT Innovations had a net margin of 7.72% and a return on equity of 22.09%. The business had revenue of $189.89 million during the quarter, compared to the consensus estimate of $173.39 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The company’s revenue for the quarter was up 41.6% compared to the same quarter last year.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, January 15th. Dougherty & Co reaffirmed a “buy” rating and set a $22.00 price objective (down previously from $27.00) on shares of PGT Innovations in a research report on Thursday, February 28th. ValuEngine raised shares of PGT Innovations from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Wells Fargo & Co downgraded shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 28th. Finally, JPMorgan Chase & Co. started coverage on shares of PGT Innovations in a research report on Tuesday, December 18th. They issued a “neutral” rating and a $19.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $23.75.
Shares of NYSE:PGTI opened at $14.56 on Thursday. The company has a quick ratio of 2.20, a current ratio of 2.85 and a debt-to-equity ratio of 0.95. PGT Innovations has a fifty-two week low of $13.94 and a fifty-two week high of $26.40. The stock has a market cap of $846.26 million, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 0.74 and a beta of 1.03.
In other PGT Innovations news, Director Rodney Hershberger sold 34,851 shares of the company’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $17.12, for a total value of $596,649.12. Following the completion of the transaction, the director now owns 1,106,139 shares in the company, valued at approximately $18,937,099.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffrey T. Jackson bought 3,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average price of $14.35 per share, with a total value of $43,050.00. The disclosure for this purchase can be found here. 5.80% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of PGT Innovations by 182.2% in the 4th quarter. IFP Advisors Inc now owns 2,822 shares of the construction company’s stock worth $44,000 after acquiring an additional 1,822 shares during the period. Advisor Group Inc. lifted its stake in shares of PGT Innovations by 61.6% in the 4th quarter. Advisor Group Inc. now owns 3,831 shares of the construction company’s stock worth $62,000 after acquiring an additional 1,460 shares during the period. Bruderman Asset Management LLC acquired a new stake in shares of PGT Innovations in the 4th quarter worth approximately $80,000. Quantamental Technologies LLC acquired a new stake in shares of PGT Innovations in the 4th quarter worth approximately $94,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of PGT Innovations in the 4th quarter worth approximately $110,000. 92.64% of the stock is owned by institutional investors.
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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