PGT Innovations Inc (NASDAQ:PGTI) Director Sells $110,932.26 in Stock
PGT Innovations Inc (NASDAQ:PGTI) Director Brett N. Milgrim sold 8,322 shares of PGT Innovations stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $13.33, for a total value of $110,932.26. Following the completion of the sale, the director now directly owns 64,654 shares in the company, valued at approximately $861,837.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
PGT Innovations Inc (NASDAQ PGTI) traded down 1.15% during mid-day trading on Thursday, hitting $12.90. The company had a trading volume of 254,143 shares. The firm has a market capitalization of $639.87 million, a PE ratio of 23.08 and a beta of 0.93. PGT Innovations Inc has a 12-month low of $9.50 and a 12-month high of $13.85. The company’s 50 day moving average price is $12.82 and its 200-day moving average price is $11.57.
PGT Innovations (NASDAQ:PGTI) last posted its earnings results on Thursday, August 3rd. The construction company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. PGT Innovations had a net margin of 2.66% and a return on equity of 8.95%. The company had revenue of $137.38 million for the quarter, compared to analyst estimates of $127.79 million. During the same quarter in the prior year, the business posted $0.15 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. On average, analysts forecast that PGT Innovations Inc will post $0.60 EPS for the current fiscal year.
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Several large investors have recently bought and sold shares of PGTI. ACK Asset Management LLC acquired a new stake in PGT Innovations during the first quarter worth $13,541,000. Cooke & Bieler LP raised its stake in PGT Innovations by 12.7% in the first quarter. Cooke & Bieler LP now owns 2,670,640 shares of the construction company’s stock worth $28,709,000 after buying an additional 300,870 shares in the last quarter. Systematic Financial Management LP acquired a new stake in PGT Innovations during the first quarter worth $2,240,000. Vanguard Group Inc. raised its stake in PGT Innovations by 5.9% in the first quarter. Vanguard Group Inc. now owns 2,503,414 shares of the construction company’s stock worth $26,912,000 after buying an additional 140,242 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in PGT Innovations by 268.3% in the first quarter. Alliancebernstein L.P. now owns 191,500 shares of the construction company’s stock worth $2,059,000 after buying an additional 139,500 shares in the last quarter. Institutional investors own 96.80% of the company’s stock.
A number of research firms recently issued reports on PGTI. Raymond James Financial, Inc. downgraded PGT Innovations from an “outperform” rating to a “market perform” rating in a research report on Friday, August 4th. TheStreet raised PGT Innovations from a “c+” rating to a “b-” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised PGT Innovations from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $13.00 target price on shares of PGT Innovations in a research report on Monday, May 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $13.00.
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.
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