PGT Innovations Inc (NYSE:PGTI) to Post FY2022 Earnings of $1.15 Per Share, G.Research Forecasts

PGT Innovations Inc (NYSE:PGTI) – Stock analysts at G.Research reduced their FY2022 earnings estimates for PGT Innovations in a research note issued to investors on Monday, November 11th. G.Research analyst A. Lacayo now expects that the construction company will earn $1.15 per share for the year, down from their prior estimate of $1.30. G.Research currently has a “Buy” rating on the stock.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of PGT Innovations from a “sell” rating to a “hold” rating and set a $20.00 price objective on the stock in a research note on Wednesday, October 9th. ValuEngine cut shares of PGT Innovations from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Gabelli raised shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $21.00.

Shares of PGT Innovations stock opened at $14.72 on Wednesday. The company has a quick ratio of 2.83, a current ratio of 3.56 and a debt-to-equity ratio of 0.92. PGT Innovations has a twelve month low of $13.30 and a twelve month high of $20.80. The stock has a market cap of $852.35 million, a price-to-earnings ratio of 12.47, a P/E/G ratio of 2.06 and a beta of 0.98. The company’s fifty day moving average is $17.25 and its 200 day moving average is $16.01.

PGT Innovations (NYSE:PGTI) last posted its earnings results on Thursday, November 7th. The construction company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The company had revenue of $197.82 million for the quarter, compared to the consensus estimate of $196.78 million. PGT Innovations had a return on equity of 13.67% and a net margin of 6.69%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS.

In other news, insider Robert Andrew Keller purchased 3,500 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were acquired at an average price of $14.15 per share, with a total value of $49,525.00. Following the completion of the transaction, the insider now owns 29,328 shares of the company’s stock, valued at approximately $414,991.20. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Brent Boydston purchased 2,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were purchased at an average cost of $14.00 per share, for a total transaction of $28,000.00. Following the transaction, the vice president now directly owns 25,176 shares of the company’s stock, valued at approximately $352,464. The disclosure for this purchase can be found here. In the last three months, insiders sold 58,695 shares of company stock worth $945,882. 4.60% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE boosted its position in PGT Innovations by 3.1% during the second quarter. US Bancorp DE now owns 25,756 shares of the construction company’s stock valued at $430,000 after acquiring an additional 772 shares during the last quarter. Arizona State Retirement System boosted its position in PGT Innovations by 1.0% during the second quarter. Arizona State Retirement System now owns 90,509 shares of the construction company’s stock valued at $1,513,000 after acquiring an additional 908 shares during the last quarter. Bank of Montreal Can boosted its position in PGT Innovations by 18.8% during the second quarter. Bank of Montreal Can now owns 5,956 shares of the construction company’s stock valued at $100,000 after acquiring an additional 944 shares during the last quarter. Aperio Group LLC boosted its position in PGT Innovations by 6.2% during the second quarter. Aperio Group LLC now owns 21,567 shares of the construction company’s stock valued at $361,000 after acquiring an additional 1,258 shares during the last quarter. Finally, Spitfire Capital LLC boosted its position in PGT Innovations by 0.6% during the second quarter. Spitfire Capital LLC now owns 274,047 shares of the construction company’s stock valued at $4,582,000 after acquiring an additional 1,700 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Retained Earnings

Earnings History and Estimates for PGT Innovations (NYSE:PGTI)

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