PGT Innovations (NYSE:PGTI) released its earnings results on Thursday. The construction company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02), Fidelity Earnings reports. PGT Innovations had a net margin of 6.48% and a return on equity of 15.36%. The firm had revenue of $197.82 million for the quarter, compared to analysts’ expectations of $196.78 million. During the same quarter last year, the firm posted $0.38 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. PGT Innovations updated its FY19 guidance to $0.79-0.84 EPS.
PGTI stock traded down $0.09 during mid-day trading on Friday, hitting $15.36. The company had a trading volume of 1,075,268 shares, compared to its average volume of 470,093. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 2.08 and a beta of 0.98. PGT Innovations has a 12-month low of $13.30 and a 12-month high of $21.49. The company has a quick ratio of 2.40, a current ratio of 2.99 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $17.39 and a 200 day moving average price of $16.00.
Several analysts have commented on the stock. Gabelli upgraded shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Friday, August 2nd. G.Research reiterated a “buy” rating on shares of PGT Innovations in a research note on Friday, August 2nd. ValuEngine cut shares of PGT Innovations from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Zacks Investment Research upgraded shares of PGT Innovations from a “sell” rating to a “hold” rating and set a $20.00 price target on the stock in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $21.00.
In other news, Director Rodney Hershberger sold 23,970 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $14.13, for a total value of $338,696.10. Following the sale, the director now directly owns 1,234,230 shares in the company, valued at approximately $17,439,669.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brent Boydston bought 2,000 shares of PGT Innovations stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average price of $14.00 per share, for a total transaction of $28,000.00. Following the completion of the acquisition, the vice president now owns 25,176 shares in the company, valued at $352,464. The disclosure for this purchase can be found here. In the last quarter, insiders sold 58,695 shares of company stock worth $945,882. Corporate insiders own 5.80% of the company’s stock.
PGT Innovations Company Profile
PGT Innovations, Inc manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones.
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