PGT Innovations Inc (NASDAQ:PGTI) released its quarterly earnings results on Thursday. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.03), Bloomberg Earnings reports. PGT Innovations had a net margin of 7.46% and a return on equity of 28.98%. The firm had revenue of $126.90 million for the quarter, compared to analyst estimates of $129.82 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year.

In related news, Director Brett N. Milgrim sold 8,322 shares of PGT Innovations stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $13.33, for a total transaction of $110,932.26. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brett N. Milgrim sold 8,894 shares of PGT Innovations stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $13.10, for a total transaction of $116,511.40. Following the transaction, the director now directly owns 55,760 shares in the company, valued at approximately $730,456. The disclosure for this sale can be found here. Insiders have sold a total of 66,675 shares of company stock worth $879,808 in the last three months. 6.50% of the stock is owned by insiders.

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A number of equities research analysts have recently issued reports on PGTI shares. Raymond James Financial, Inc. lowered shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a report on Friday, August 4th. FBR & Co restated a “buy” rating and set a $15.00 price target (up previously from $13.00) on shares of PGT Innovations in a report on Monday, August 21st. BidaskClub lowered shares of PGT Innovations from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. SunTrust Banks, Inc. restated a “buy” rating on shares of PGT Innovations in a report on Tuesday, September 12th. Finally, KeyCorp restated a “hold” rating on shares of PGT Innovations in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

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.

Earnings History for PGT Innovations (NASDAQ:PGTI)

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