KeyCorp Comments on PGT Innovations Inc’s FY2017 Earnings (NASDAQ:PGTI)
PGT Innovations Inc (NASDAQ:PGTI) – Analysts at KeyCorp increased their FY2017 earnings per share estimates for PGT Innovations in a note issued to investors on Sunday. KeyCorp analyst K. Zener now anticipates that the construction company will post earnings of $0.61 per share for the year, up from their previous estimate of $0.57. KeyCorp also issued estimates for PGT Innovations’ FY2018 earnings at $0.70 EPS.
Several other research analysts also recently weighed in on PGTI. Royal Bank Of Canada reiterated a “buy” rating and issued a $13.00 price target on shares of PGT Innovations in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of PGT Innovations from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. TheStreet upgraded shares of PGT Innovations from a “c+” rating to a “b-” rating in a research report on Thursday, June 22nd. Finally, Raymond James Financial, Inc. downgraded shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.00.
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PGT Innovations (NASDAQ:PGTI) opened at 13.30 on Tuesday. The company has a 50-day moving average of $12.68 and a 200-day moving average of $11.49. PGT Innovations has a 1-year low of $9.50 and a 1-year high of $13.48. The stock has a market capitalization of $657.30 million, a price-to-earnings ratio of 26.71 and a beta of 0.93.
PGT Innovations (NASDAQ:PGTI) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. PGT Innovations had a net margin of 2.66% and a return on equity of 8.95%. The business had revenue of $137.38 million during the quarter, compared to analyst estimates of $127.79 million. During the same period in the previous year, the business earned $0.15 EPS. PGT Innovations’s revenue was up 15.4% compared to the same quarter last year.
Several hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC boosted its stake in shares of PGT Innovations by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 84,326 shares of the construction company’s stock worth $966,000 after buying an additional 2,165 shares during the period. Creative Planning purchased a new stake in shares of PGT Innovations during the first quarter worth about $430,000. Louisiana State Employees Retirement System boosted its stake in shares of PGT Innovations by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the construction company’s stock worth $215,000 after buying an additional 300 shares during the period. National Investment Services Inc. WI boosted its stake in shares of PGT Innovations by 21.4% in the first quarter. National Investment Services Inc. WI now owns 23,713 shares of the construction company’s stock worth $255,000 after buying an additional 4,175 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of PGT Innovations by 4.7% in the first quarter. Great West Life Assurance Co. Can now owns 68,243 shares of the construction company’s stock worth $730,000 after buying an additional 3,036 shares during the period. 96.80% of the stock is owned by hedge funds and other institutional investors.
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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