Insider Selling: PGT Innovations Inc (PGTI) Director Sells 8,894 Shares of Stock
PGT Innovations Inc (NASDAQ:PGTI) Director Brett N. Milgrim sold 8,894 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $13.10, for a total value of $116,511.40. Following the transaction, the director now directly owns 55,760 shares in the company, valued at approximately $730,456. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
PGT Innovations Inc (PGTI) traded down 1.14% on Wednesday, hitting $13.00. The stock had a trading volume of 152,219 shares. The company’s 50 day moving average is $12.91 and its 200-day moving average is $11.61. PGT Innovations Inc has a 1-year low of $9.50 and a 1-year high of $13.85. The firm has a market capitalization of $644.83 million, a price-to-earnings ratio of 23.26 and a beta of 0.93.
PGT Innovations (NASDAQ:PGTI) last posted its earnings results on Thursday, August 3rd. The construction company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $137.38 million for the quarter, compared to analysts’ expectations of $127.79 million. PGT Innovations had a net margin of 2.66% and a return on equity of 8.95%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, analysts forecast that PGT Innovations Inc will post $0.60 EPS for the current year.
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Several hedge funds have recently bought and sold shares of the company. Teachers Advisors LLC boosted its stake in 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 last quarter. Creative Planning bought a new stake in PGT Innovations during the first quarter worth $430,000. Louisiana State Employees Retirement System boosted its stake in 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 last quarter. National Investment Services Inc. WI boosted its stake in 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 last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in 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 last quarter. 96.80% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on PGTI shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $13.00 price objective on shares of PGT Innovations in a report on Friday, May 5th. Zacks Investment Research raised PGT Innovations from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. TheStreet raised PGT Innovations from a “c+” rating to a “b-” rating in a report on Thursday, June 22nd. Finally, Raymond James Financial, Inc. downgraded PGT Innovations from an “outperform” rating to a “market perform” rating in a report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.00.
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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