PGT Innovations Inc (PGTI) Upgraded by BidaskClub to Hold
PGT Innovations Inc (NASDAQ:PGTI) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
PGTI has been the topic of several other reports. FBR & Co reaffirmed a “buy” rating and set a $15.00 target price (up from $13.00) on shares of PGT Innovations in a report on Monday, August 21st. Raymond James Financial, Inc. lowered PGT Innovations from an “outperform” rating to a “market perform” rating in a report on Friday, August 4th. TheStreet raised PGT Innovations from a “c+” rating to a “b-” rating in a report on Thursday, June 22nd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $13.00 target price on shares of PGT Innovations in a report on Monday, May 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $14.00.
Shares of PGT Innovations (PGTI) remained flat at $14.15 on Friday. The stock had a trading volume of 71,208 shares. The stock has a 50-day moving average price of $13.11 and a 200 day moving average price of $11.77. The firm has a market cap of $701.87 million, a PE ratio of 25.31 and a beta of 0.93. PGT Innovations has a 52-week low of $9.50 and a 52-week high of $14.60.
PGT Innovations (NASDAQ:PGTI) last announced 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. The business had revenue of $137.38 million for the quarter, compared to analyst estimates of $127.79 million. PGT Innovations had a return on equity of 28.98% and a net margin of 7.46%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 earnings per share. Equities research analysts forecast that PGT Innovations will post $0.60 earnings per share for the current fiscal year.
In related news, Director Richard D. Feintuch sold 49,459 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $13.19, for a total transaction of $652,364.21. Following the sale, the director now directly owns 81,051 shares of the company’s stock, valued at $1,069,062.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Brett N. Milgrim sold 8,894 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $13.10, for a total value of $116,511.40. Following the sale, the director now directly owns 55,760 shares in the company, valued at $730,456. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,675 shares of company stock worth $879,808. 6.50% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC acquired a new stake in PGT Innovations during the second quarter worth about $137,000. The Manufacturers Life Insurance Company boosted its position in PGT Innovations by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 39,331 shares of the construction company’s stock worth $504,000 after purchasing an additional 1,278 shares in the last quarter. State Street Corp boosted its position in PGT Innovations by 7.0% during the second quarter. State Street Corp now owns 1,151,849 shares of the construction company’s stock worth $14,745,000 after purchasing an additional 75,132 shares in the last quarter. Macquarie Group Ltd. boosted its position in PGT Innovations by 0.8% during the second quarter. Macquarie Group Ltd. now owns 128,064 shares of the construction company’s stock worth $1,639,000 after purchasing an additional 973 shares in the last quarter. Finally, Capital Research Global Investors purchased a new position in PGT Innovations during the second quarter worth approximately $2,041,000. 96.80% of the stock is currently 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.
Receive News & Ratings for PGT Innovations Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PGT Innovations Inc and related companies with MarketBeat.com's FREE daily email newsletter.