PGT Innovations Inc (NYSE:PGTI) – Equities researchers at B. Riley upped their FY2018 earnings per share estimates for shares of PGT Innovations in a research note issued to investors on Wednesday. B. Riley analyst A. Rygiel now expects that the construction company will post earnings of $0.86 per share for the year, up from their previous estimate of $0.74. B. Riley has a “Buy” rating and a $18.00 price objective on the stock.

Several other analysts also recently issued reports on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $17.00 price objective on shares of PGT Innovations in a research note on Wednesday, November 15th. BidaskClub raised shares of PGT Innovations from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Dougherty & Co raised shares of PGT Innovations from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. SunTrust Banks reissued a “buy” rating on shares of PGT Innovations in a research note on Tuesday, September 12th. Finally, KeyCorp reissued a “hold” rating on shares of PGT Innovations in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $16.67.

PGT Innovations (NYSE:PGTI) traded up $0.20 on Thursday, reaching $16.75. The company had a trading volume of 302,900 shares, compared to its average volume of 332,050. The stock has a market capitalization of $831.82, a price-to-earnings ratio of 36.41, a P/E/G ratio of 1.43 and a beta of 1.21. PGT Innovations has a 12 month low of $10.00 and a 12 month high of $17.05. The company has a current ratio of 3.67, a quick ratio of 2.71 and a debt-to-equity ratio of 1.50.

PGT Innovations (NYSE:PGTI) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). The company had revenue of $126.90 million during the quarter, compared to analysts’ expectations of $129.82 million. PGT Innovations had a return on equity of 19.02% and a net margin of 4.87%. The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 EPS.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PGTI. Piedmont Investment Advisors LLC purchased a new stake in shares of PGT Innovations during the second quarter valued at $137,000. Empirical Finance LLC purchased a new stake in shares of PGT Innovations during the third quarter valued at $160,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of PGT Innovations during the third quarter valued at $170,000. Citadel Advisors LLC purchased a new stake in shares of PGT Innovations during the second quarter valued at $147,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of PGT Innovations during the third quarter valued at $177,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Richard D. Feintuch sold 50,000 shares of PGT Innovations stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $16.05, for a total transaction of $802,500.00. Following the transaction, the director now directly owns 75,508 shares of the company’s stock, valued at $1,211,903.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William J. Morgan sold 41,395 shares of PGT Innovations stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $15.71, for a total transaction of $650,315.45. Following the transaction, the director now directly owns 75,508 shares in the company, valued at $1,186,230.68. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

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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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