PGT’s (PGTI) “Buy” Rating Reaffirmed at Royal Bank Of Canada
PGTI has been the topic of a number of other reports. BidaskClub upgraded shares of PGT from a hold rating to a buy rating in a research note on Tuesday, October 3rd. B. Riley boosted their price target on shares of PGT from $15.00 to $18.00 and gave the stock a buy rating in a research note on Wednesday, November 15th. KeyCorp reiterated a hold rating on shares of PGT in a research note on Tuesday, September 26th. SunTrust Banks reiterated a buy rating on shares of PGT in a research note on Tuesday, September 12th. Finally, FBR & Co reissued a buy rating and set a $15.00 price objective (up from $13.00) on shares of PGT in a research report on Monday, August 21st. One 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’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $16.67.
Shares of PGT (NYSE PGTI) traded down $0.15 during trading hours on Thursday, reaching $16.20. 429,923 shares of the company’s stock were exchanged, compared to its average volume of 318,466. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.67 and a quick ratio of 2.71. The stock has a market capitalization of $802.02, a price-to-earnings ratio of 30.47, a PEG ratio of 1.75 and a beta of 1.16. PGT has a one year low of $10.00 and a one year high of $16.45.
PGT (NYSE:PGTI) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.03). The business had revenue of $126.90 million for the quarter, compared to analysts’ expectations of $129.82 million. PGT had a return on equity of 19.02% and a net margin of 4.87%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.19 earnings per share. equities analysts forecast that PGT will post 0.57 earnings per share for the current fiscal year.
In other news, Director Richard D. Feintuch sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $16.05, for a total transaction of $802,500.00. Following the completion of the transaction, the director now directly owns 75,508 shares of the company’s stock, valued at $1,211,903.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William J. Morgan sold 41,395 shares of the business’s stock in a transaction dated 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 directly owns 75,508 shares of the company’s stock, valued at $1,186,230.68. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in PGTI. State of Alaska Department of Revenue boosted its holdings in PGT by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 9,755 shares of the construction company’s stock valued at $124,000 after purchasing an additional 4,325 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in PGT in the second quarter valued at approximately $137,000. Citadel Advisors LLC acquired a new position in PGT in the second quarter valued at approximately $147,000. Empirical Finance LLC acquired a new position in PGT in the third quarter valued at approximately $160,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in PGT in the third quarter valued at approximately $170,000. 92.40% of the stock is owned by hedge funds and other institutional investors.
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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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