Q3 2017 EPS Estimates for PGT Innovations Inc Decreased by Analyst (PGTI)
PGT Innovations Inc (NASDAQ:PGTI) – Stock analysts at Dougherty & Co decreased their Q3 2017 EPS estimates for PGT Innovations in a research report issued to clients and investors on Thursday. Dougherty & Co analyst J. Hamblin now expects that the construction company will post earnings of $0.14 per share for the quarter, down from their prior forecast of $0.20. Dougherty & Co also issued estimates for PGT Innovations’ FY2018 earnings at $0.68 EPS.
PGT Innovations (NASDAQ:PGTI) last released its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.03. PGT Innovations had a net margin of 7.46% and a return on equity of 28.98%. The company had revenue of $137.38 million for the quarter, compared to analyst estimates of $127.79 million. During the same quarter last year, the firm posted $0.15 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year.
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A number of other equities analysts also recently weighed in on PGTI. BidaskClub downgraded PGT Innovations from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Raymond James Financial, Inc. downgraded PGT Innovations from an “outperform” rating to a “market perform” rating in a research report on Friday, August 4th. FBR & Co reaffirmed a “buy” rating and set a $15.00 price target (up previously from $13.00) on shares of PGT Innovations in a research report on Monday, August 21st. KeyCorp reaffirmed a “hold” rating on shares of PGT Innovations in a research report on Tuesday, September 26th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of PGT Innovations in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.00.
PGT Innovations (PGTI) opened at 14.20 on Monday. The stock has a 50 day moving average of $14.33 and a 200-day moving average of $12.65. The company has a market cap of $704.35 million, a price-to-earnings ratio of 25.40 and a beta of 0.93. PGT Innovations has a 52-week low of $9.50 and a 52-week high of $15.10.
In other news, Director Brett N. Milgrim sold 8,322 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $13.33, for a total value of $110,932.26. Following the completion of the sale, the director now owns 64,654 shares of the company’s stock, valued at approximately $861,837.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard D. Feintuch sold 49,459 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $13.19, for a total value of $652,364.21. Following the completion of the sale, the director now directly owns 81,051 shares of the company’s stock, valued at approximately $1,069,062.69. The disclosure for this sale can be found here. In the last three months, insiders sold 66,675 shares of company stock valued at $879,808. 6.50% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL boosted its holdings in shares of PGT Innovations by 40.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 34,600 shares of the construction company’s stock valued at $443,000 after buying an additional 10,000 shares during the last quarter. Ameriprise Financial Inc. raised its stake in PGT Innovations by 4.8% in the 1st quarter. Ameriprise Financial Inc. now owns 255,445 shares of the construction company’s stock valued at $2,746,000 after acquiring an additional 11,760 shares during the period. Arizona State Retirement System raised its stake in PGT Innovations by 1.2% in the 1st quarter. Arizona State Retirement System now owns 25,535 shares of the construction company’s stock valued at $275,000 after acquiring an additional 300 shares during the period. Capital Research Global Investors bought a new stake in PGT Innovations in the 2nd quarter valued at $2,041,000. Finally, Vanguard Group Inc. raised its stake in PGT Innovations by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 2,503,414 shares of the construction company’s stock valued at $26,912,000 after acquiring an additional 140,242 shares during the period. 96.80% of the stock is owned by 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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