PGT Innovations, Inc., together with its subsidiaries manufactures and supplies 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. It also offers customizable non-impact-resistant aluminum frame windows and doors; and non-glass vertical and horizontal sliding panels for porch enclosures, including vinyl-glazed aluminum-framed products used for enclosing screened-in porches that provide protection from inclement weather. In addition, the company provides premium aluminum impact-resistant products; aluminum impact-resistant windows and doors; vinyl energy-efficient impact-resistant windows; and commercial storefront window system and entry doors. Further, it provides impact and non-impact sliding glass and terrace doors; fixed picture, single hung, and horizontal rolling windows; aluminum thermally broken doors and windows; fixed and operating windows; sliding, folding, and hinged doors; and moving glass walls and windows. The company offers its products under the PGT, CGI, WinDoor, Western Window Systems, NewSouth, Eco Window Systems, and Anlin brands. It serves window distributors, building supply distributors, window replacement dealers, and enclosure contractors. The company was formerly known as PGT, Inc. and changed its name to PGT Innovations, Inc. in December 2016. PGT Innovations, Inc. was founded in 1980 and is headquartered in North Venice, Florida.
PGT Innovations Stock Up 0.4 %
NYSE:PGTI traded up $0.09 on Friday, hitting $22.74. The stock had a trading volume of 306,319 shares, compared to its average volume of 413,248. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.24 and a current ratio of 2.82. The stock has a market cap of $1.36 billion, a P/E ratio of 20.86 and a beta of 1.49. PGT Innovations has a 1 year low of $15.42 and a 1 year high of $23.81. The firm's fifty day simple moving average is $18.72 and its two-hundred day simple moving average is $18.94.
PGT Innovations (NYSE:PGTI - Get Rating) last released its earnings results on Tuesday, July 26th. The construction company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.22. PGT Innovations had a net margin of 4.84% and a return on equity of 18.27%. The firm had revenue of $406.52 million during the quarter, compared to the consensus estimate of $364.73 million. During the same period in the prior year, the firm earned $0.18 EPS. The company's revenue was up 42.4% compared to the same quarter last year. Analysts predict that PGT Innovations will post 1.99 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on PGTI shares. JPMorgan Chase & Co. decreased their target price on shares of PGT Innovations from $22.00 to $19.00 in a research report on Friday, July 15th. StockNews.com upgraded shares of PGT Innovations from a "hold" rating to a "buy" rating in a research note on Wednesday, July 27th. Finally, TheStreet upgraded shares of PGT Innovations from a "c+" rating to a "b" rating in a research note on Thursday, June 2nd.
Insider Activity
In other news, Director Rodney Hershberger sold 2,000 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $22.05, for a total transaction of $44,100.00. Following the completion of the transaction, the director now directly owns 1,368,638 shares of the company's stock, valued at approximately $30,178,467.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Rodney Hershberger sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $22.05, for a total value of $44,100.00. Following the completion of the transaction, the director now directly owns 1,368,638 shares of the company's stock, valued at approximately $30,178,467.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert Andrew Keller sold 4,746 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $21.95, for a total transaction of $104,174.70. Following the completion of the transaction, the vice president now directly owns 54,904 shares of the company's stock, valued at $1,205,142.80. The disclosure for this sale can be found here. Insiders sold 12,746 shares of company stock valued at $262,335 in the last three months. Company insiders own 4.20% of the company's stock.
