StockNews.com started coverage on shares of PGT Innovations (NYSE:PGTI – Free Report) in a research note issued to investors on Friday morning. The brokerage issued a buy rating on the construction company’s stock.
Separately, Truist Financial reduced their price target on shares of PGT Innovations from $43.00 to $42.00 and set a hold rating for the company in a research report on Thursday, January 18th.
Get Our Latest Research Report on PGT Innovations
PGT Innovations Stock Performance
PGT Innovations (NYSE:PGTI – Get Free Report) last issued its earnings results on Tuesday, February 20th. The construction company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.11). PGT Innovations had a net margin of 7.25% and a return on equity of 18.46%. The business had revenue of $342.50 million for the quarter, compared to the consensus estimate of $339.15 million. During the same period in the previous year, the firm earned $0.28 EPS. The company’s revenue was up .5% compared to the same quarter last year. As a group, analysts anticipate that PGT Innovations will post 2.48 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in PGT Innovations by 6.8% in the third quarter. Vanguard Group Inc. now owns 4,261,432 shares of the construction company’s stock worth $118,255,000 after acquiring an additional 269,699 shares in the last quarter. Boston Partners purchased a new stake in PGT Innovations during the third quarter valued at about $12,880,000. Wellington Management Group LLP boosted its position in PGT Innovations by 8.2% during the third quarter. Wellington Management Group LLP now owns 3,573,418 shares of the construction company’s stock valued at $99,162,000 after buying an additional 269,891 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in PGT Innovations during the third quarter valued at about $998,000. Finally, First Eagle Investment Management LLC boosted its position in PGT Innovations by 25.4% during the third quarter. First Eagle Investment Management LLC now owns 105,216 shares of the construction company’s stock valued at $2,920,000 after buying an additional 21,326 shares during the period. 81.60% of the stock is currently owned by hedge funds and other institutional investors.
PGT Innovations Company Profile
PGT Innovations, Inc, together with its subsidiaries, engages in the manufacture and supply of impact-resistant aluminum frame windows and doors in the United States and internationally. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact resistant vinyl windows with insulating glass and multi-chambered frames for various climate zones.
Featured Articles
- Five stocks we like better than PGT Innovations
- Stock Analyst Ratings and Canadian Analyst Ratings
- MarketBeat Week in Review – 4/22 – 4/26
- The 3 Best Fintech Stocks to Buy Now
- 3 Stocks Leading the U.S. Agriculture Comeback
- How to Calculate Inflation Rate
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for PGT Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PGT Innovations and related companies with MarketBeat.com's FREE daily email newsletter.