PGT Innovations Inc (NYSE:PGTI) – Stock analysts at Jefferies Financial Group issued their Q3 2018 EPS estimates for shares of PGT Innovations in a research note issued on Thursday, October 4th. Jefferies Financial Group analyst P. Ng forecasts that the construction company will post earnings per share of $0.23 for the quarter. Jefferies Financial Group has a “Buy” rating and a $27.00 price target on the stock. Jefferies Financial Group also issued estimates for PGT Innovations’ Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $1.05 EPS, Q1 2019 earnings at $0.23 EPS, Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.33 EPS and FY2019 earnings at $1.32 EPS.
A number of other equities research analysts have also recently weighed in on the stock. ValuEngine cut shares of PGT Innovations from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Gabelli cut shares of PGT Innovations from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research report on Thursday, June 14th. They noted that the move was a valuation call. B. Riley boosted their price target on shares of PGT Innovations from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. Finally, Wells Fargo & Co started coverage on shares of PGT Innovations in a research report on Thursday, October 4th. They issued an “outperform” rating and a $25.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. PGT Innovations currently has an average rating of “Buy” and an average price target of $22.25.
Shares of PGTI opened at $20.92 on Monday. PGT Innovations has a 1-year low of $13.05 and a 1-year high of $26.40. The firm has a market capitalization of $1.25 billion, a P/E ratio of 34.15, a P/E/G ratio of 1.02 and a beta of 0.88. The company has a debt-to-equity ratio of 1.03, a current ratio of 4.24 and a quick ratio of 3.47.
PGT Innovations (NYSE:PGTI) last announced its quarterly earnings results on Monday, July 30th. The construction company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.10. PGT Innovations had a net margin of 9.90% and a return on equity of 26.98%. The firm had revenue of $169.27 million during the quarter, compared to analysts’ expectations of $169.00 million. During the same period in the previous year, the company earned $0.20 earnings per share. PGT Innovations’s quarterly revenue was up 23.2% compared to the same quarter last year.
Large investors have recently made changes to their positions in the company. Sei Investments Co. raised its holdings in shares of PGT Innovations by 4,969.7% in the first quarter. Sei Investments Co. now owns 6,033 shares of the construction company’s stock valued at $112,000 after buying an additional 5,914 shares during the last quarter. Cypress Capital Management LLC WY purchased a new stake in shares of PGT Innovations in the second quarter valued at about $138,000. Aperio Group LLC purchased a new stake in shares of PGT Innovations in the second quarter valued at about $210,000. Bayesian Capital Management LP purchased a new stake in shares of PGT Innovations in the first quarter valued at about $190,000. Finally, Element Capital Management LLC purchased a new stake in shares of PGT Innovations in the first quarter valued at about $191,000. 78.88% of the stock is owned by institutional investors and hedge funds.
PGT Innovations Company Profile
PGT Innovations, Inc manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones.
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