Shares of PGT Innovations Inc (NASDAQ:PGTI) were up 0.4% on Friday . The company traded as high as $14.90 and last traded at $14.05. Approximately 884,239 shares changed hands during trading, an increase of Infinity from the average daily volume of 0 shares. The stock had previously closed at $14.10.
PGTI has been the subject of several recent analyst reports. 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 restated a “buy” rating and set a $15.00 price objective (up from $13.00) on shares of PGT Innovations in a research report on Monday, August 21st. BidaskClub downgraded PGT Innovations from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. SunTrust Banks, Inc. restated a “buy” rating on shares of PGT Innovations in a research report on Tuesday, September 12th. Finally, KeyCorp restated a “hold” rating on shares of PGT Innovations in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $14.00.
The company has a debt-to-equity ratio of 1.94, a quick ratio of 2.76 and a current ratio of 3.72.
PGT Innovations (NASDAQ:PGTI) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 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 $126.90 million during the quarter, compared to analyst estimates of $129.82 million. During the same period in the previous year, the company posted $0.19 EPS. The company’s quarterly revenue was down 2.2% on a year-over-year basis.
In other PGT Innovations 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 transaction, the director now owns 64,654 shares in the company, valued at $861,837.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Feintuch sold 49,459 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $13.19, for a total value of $652,364.21. Following the completion of the transaction, the director now owns 81,051 shares in the company, valued at approximately $1,069,062.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,675 shares of company stock worth $879,808. 6.50% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL lifted its holdings in shares of PGT Innovations by 40.7% in the second quarter. Gamco Investors INC. ET AL now owns 34,600 shares of the construction company’s stock valued at $443,000 after purchasing an additional 10,000 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of PGT Innovations by 4.8% in the first quarter. Ameriprise Financial Inc. now owns 255,445 shares of the construction company’s stock valued at $2,746,000 after purchasing an additional 11,760 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of PGT Innovations by 1.2% in the first quarter. Arizona State Retirement System now owns 25,535 shares of the construction company’s stock valued at $275,000 after purchasing an additional 300 shares in the last quarter. Capital Research Global Investors bought a new position in shares of PGT Innovations in the second quarter valued at approximately $2,041,000. Finally, Vanguard Group Inc. lifted its holdings in shares of PGT Innovations by 5.9% in the first quarter. Vanguard Group Inc. now owns 2,503,414 shares of the construction company’s stock valued at $26,912,000 after purchasing an additional 140,242 shares in the last quarter. Institutional investors own 96.80% of the company’s stock.
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PGT Innovations Company Profile
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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