PGT Innovations Inc (NASDAQ:PGTI) – Investment analysts at Dougherty & Co boosted their FY2017 earnings per share (EPS) estimates for shares of PGT Innovations in a research note issued on Thursday. Dougherty & Co analyst J. Hamblin now anticipates that the construction company will post earnings of $0.57 per share for the year, up from their previous estimate of $0.56. Dougherty & Co currently has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for PGT Innovations’ FY2018 earnings at $0.63 EPS.
PGT Innovations (NASDAQ:PGTI) last released its quarterly earnings results on Thursday, May 4th. The construction company reported $0.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The company had revenue of $112.70 million during the quarter, compared to analyst estimates of $109.29 million. PGT Innovations had a return on equity of 24.01% and a net margin of 5.29%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share.
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Several other analysts have also recently issued reports on PGTI. Zacks Investment Research raised shares of PGT Innovations from a “sell” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed a “buy” rating and set a $13.00 price objective on shares of PGT Innovations in a research note on Friday, May 5th. Finally, TheStreet cut shares of PGT Innovations from a “b-” rating to a “c+” rating in a research note on Thursday, March 9th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. PGT Innovations has a consensus rating of “Buy” and a consensus target price of $13.00.
PGT Innovations (NASDAQ:PGTI) traded down 1.67% on Monday, reaching $11.75. The company had a trading volume of 29,967 shares. The company’s 50-day moving average price is $10.62 and its 200 day moving average price is $10.93. The firm has a market capitalization of $580.70 million, a P/E ratio of 23.59 and a beta of 0.93. PGT Innovations has a 1-year low of $9.38 and a 1-year high of $12.49.
Hedge funds have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan boosted its stake in PGT Innovations by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,890 shares of the construction company’s stock valued at $116,000 after buying an additional 30 shares during the period. Mason Street Advisors LLC boosted its stake in PGT Innovations by 7.0% in the first quarter. Mason Street Advisors LLC now owns 11,457 shares of the construction company’s stock valued at $123,000 after buying an additional 750 shares during the period. Wexford Capital LP purchased a new stake in PGT Innovations during the fourth quarter valued at $168,000. Louisiana State Employees Retirement System boosted its stake in PGT Innovations by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the construction company’s stock valued at $215,000 after buying an additional 300 shares during the period. Finally, BOKF NA boosted its stake in PGT Innovations by 595.1% in the third quarter. BOKF NA now owns 21,721 shares of the construction company’s stock valued at $232,000 after buying an additional 18,596 shares during the period. 96.80% of the stock is owned by institutional investors.
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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