Equities research analysts at StockNews.com began coverage on shares of PGT Innovations (NYSE:PGTI – Get Free Report) in a report issued on Thursday. The brokerage set a “buy” rating on the construction company’s stock.
Separately, Truist Financial lowered their price objective on PGT Innovations from $43.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, January 18th.
Check Out Our Latest Research Report on PGT Innovations
PGT Innovations Price Performance
PGT Innovations (NYSE:PGTI – Get Free Report) last announced its earnings results on Tuesday, February 20th. The construction company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.11). The company had revenue of $342.50 million for the quarter, compared to the consensus estimate of $339.15 million. PGT Innovations had a net margin of 7.25% and a return on equity of 18.46%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $0.28 EPS. Sell-side analysts predict that PGT Innovations will post 2.48 EPS for the current year.
Hedge Funds Weigh In On PGT Innovations
A number of institutional investors have recently modified their holdings of the stock. Nomura Holdings Inc. boosted its holdings in PGT Innovations by 1.4% in the 4th quarter. Nomura Holdings Inc. now owns 952,856 shares of the construction company’s stock worth $38,781,000 after buying an additional 13,273 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of PGT Innovations during the 4th quarter worth approximately $754,000. Congress Asset Management Co. MA boosted its holdings in shares of PGT Innovations by 7.6% during the 4th quarter. Congress Asset Management Co. MA now owns 1,067,459 shares of the construction company’s stock worth $43,446,000 after purchasing an additional 75,561 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of PGT Innovations by 234.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the construction company’s stock worth $15,149,000 after purchasing an additional 260,818 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of PGT Innovations by 0.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 57,609 shares of the construction company’s stock worth $2,345,000 after purchasing an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 81.60% of the company’s stock.
About PGT Innovations
PGT Innovations, Inc, together with its subsidiaries, engages in the manufacture and supply of impact-resistant aluminum frame windows and doors in the United States and internationally. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact resistant vinyl windows with insulating glass and multi-chambered frames for various climate zones.
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