According to Zacks, “PGT INDUSTRIES pioneered the U.S. impact-resistant window and door industry and today is the nation’s leading manufacturer and supplier of residential impact-resistant windows and doors. PGT is also one of the largest window and door manufacturers in the United States. The company’s total line of custom windows and doors is now available throughout the eastern United States, the Gulf Coast and in a growing international market, which includes the Caribbean, South America and Australia. PGT’s product line includes PGT Aluminum and Vinyl Windows and Doors; WinGuard Impact-Resistant Windows and Doors; PGT Architectural Systems; and Eze-Breeze Sliding Panels. PGT Industries is a wholly owned subsidiary of PGT, Inc. “
Several other analysts also recently issued reports on PGTI. Royal Bank of Canada reissued an outperform rating and issued a $12.00 price target (down previously from $13.00) on shares of PGT Innovations in a research report on Wednesday, February 22nd. Dougherty & Co downgraded shares of PGT Innovations from a buy rating to a neutral rating in a research report on Wednesday, February 22nd. Finally, TheStreet downgraded shares of PGT Innovations from a b- rating to a c+ rating in a research report on Thursday, March 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. PGT Innovations has an average rating of Buy and a consensus target price of $13.40.
PGT Innovations (NASDAQ:PGTI) opened at 10.30 on Thursday. The firm has a market capitalization of $507.98 million, a P/E ratio of 21.91 and a beta of 0.93. The firm has a 50 day moving average of $10.38 and a 200 day moving average of $10.93. PGT Innovations has a 12-month low of $9.38 and a 12-month high of $12.49.
PGT Innovations (NASDAQ:PGTI) last posted its quarterly earnings results on Tuesday, February 21st. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. PGT Innovations had a net margin of 5.29% and a return on equity of 24.01%. The business earned $109.50 million during the quarter, compared to the consensus estimate of $110.26 million. During the same quarter last year, the firm posted $0.12 EPS. PGT Innovations’s revenue was up 17.7% compared to the same quarter last year. On average, analysts forecast that PGT Innovations will post $0.58 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the stock. Peregrine Capital Management LLC acquired a new stake in PGT Innovations during the third quarter worth approximately $18,130,000. Russell Investments Group Ltd. acquired a new stake in PGT Innovations during the fourth quarter worth approximately $3,401,000. Dimensional Fund Advisors LP boosted its stake in PGT Innovations by 11.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,190,632 shares of the company’s stock worth $25,083,000 after buying an additional 220,726 shares during the last quarter. Putnam Investments LLC boosted its stake in PGT Innovations by 90.1% in the fourth quarter. Putnam Investments LLC now owns 429,203 shares of the company’s stock worth $4,914,000 after buying an additional 203,401 shares during the last quarter. Finally, Icon Advisers Inc. Co. boosted its stake in PGT Innovations by 30.8% in the third quarter. Icon Advisers Inc. Co. now owns 757,902 shares of the company’s stock worth $8,087,000 after buying an additional 178,602 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.
PGT Innovations Company Profile
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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