Analysts at StockNews.com initiated coverage on shares of PGT Innovations (NYSE:PGTI – Get Free Report) in a report issued on Thursday. The firm set a “buy” rating on the construction company’s stock.
Separately, Truist Financial decreased their price objective on shares of PGT Innovations from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, January 18th.
Read Our Latest Stock Report on PGT Innovations
PGT Innovations Stock Performance
PGT Innovations (NYSE:PGTI – Get Free Report) last issued its quarterly 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 return on equity of 18.46% and a net margin of 7.25%. The firm had revenue of $342.50 million for the quarter, compared to analyst estimates of $339.15 million. During the same quarter last year, the firm earned $0.28 earnings per share. The company’s revenue was up .5% compared to the same quarter last year. As a group, equities research analysts anticipate that PGT Innovations will post 2.48 earnings per share for the current year.
Institutional Trading of PGT Innovations
A number of institutional investors have recently added to or reduced their stakes in PGTI. Parkside Financial Bank & Trust lifted its holdings in shares of PGT Innovations by 367.5% in the third quarter. Parkside Financial Bank & Trust now owns 1,066 shares of the construction company’s stock valued at $30,000 after purchasing an additional 838 shares in the last quarter. Money Concepts Capital Corp purchased a new position in shares of PGT Innovations during the fourth quarter valued at approximately $27,000. SRS Capital Advisors Inc. purchased a new position in shares of PGT Innovations during the third quarter valued at approximately $44,000. Quest Partners LLC purchased a new position in shares of PGT Innovations during the fourth quarter valued at approximately $81,000. Finally, Clearstead Advisors LLC purchased a new position in shares of PGT Innovations during the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 81.60% of the company’s stock.
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.
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