B. Riley Comments on PGT Innovations Inc’s FY2018 Earnings (PGTI)

PGT Innovations Inc (NYSE:PGTI) – Equities research analysts at B. Riley boosted their FY2018 earnings per share (EPS) estimates for PGT Innovations in a research report issued to clients and investors on Wednesday. B. Riley analyst A. Rygiel now forecasts that the construction company will post earnings per share of $0.86 for the year, up from their previous forecast of $0.74. B. Riley currently has a “Buy” rating and a $18.00 target price on the stock.

Several other research firms also recently commented on PGTI. BidaskClub downgraded PGT Innovations from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Royal Bank of Canada reaffirmed a “buy” rating on shares of PGT Innovations in a research note on Thursday, November 30th. Dougherty & Co raised PGT Innovations from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. SunTrust Banks reaffirmed a “buy” rating on shares of PGT Innovations in a research note on Tuesday, September 12th. Finally, KeyCorp reaffirmed a “hold” rating on shares of PGT Innovations in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $16.67.

Shares of PGT Innovations (PGTI) opened at $16.90 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.71 and a current ratio of 3.67. The company has a market capitalization of $831.82, a P/E ratio of 36.74, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21. PGT Innovations has a one year low of $10.00 and a one year high of $17.05.

PGT Innovations (NYSE:PGTI) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $129.82 million. PGT Innovations had a net margin of 4.87% and a return on equity of 19.02%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its position in PGT Innovations by 12.2% during the 2nd quarter. Lazard Asset Management LLC now owns 2,989,820 shares of the construction company’s stock worth $38,269,000 after purchasing an additional 325,137 shares during the period. Jennison Associates LLC increased its position in PGT Innovations by 2.0% during the 3rd quarter. Jennison Associates LLC now owns 2,798,352 shares of the construction company’s stock worth $41,835,000 after purchasing an additional 54,277 shares during the period. Vanguard Group Inc. increased its position in PGT Innovations by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,642,425 shares of the construction company’s stock worth $33,823,000 after purchasing an additional 139,011 shares during the period. Dimensional Fund Advisors LP increased its position in PGT Innovations by 3.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,526,455 shares of the construction company’s stock worth $37,770,000 after purchasing an additional 74,185 shares during the period. Finally, Royce & Associates LP increased its position in PGT Innovations by 9.2% during the 3rd quarter. Royce & Associates LP now owns 1,256,048 shares of the construction company’s stock worth $18,778,000 after purchasing an additional 105,700 shares during the period. Institutional investors own 92.39% of the company’s stock.

WARNING: “B. Riley Comments on PGT Innovations Inc’s FY2018 Earnings (PGTI)” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://www.com-unik.info/2018/01/06/b-riley-comments-on-pgt-innovations-incs-fy2018-earnings-pgti.html.

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.

What are top analysts saying about PGT Innovations? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for PGT Innovations and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit