StockNews.com started coverage on shares of PGT Innovations (NYSE:PGTI – Free Report) in a report released on Thursday morning. The brokerage issued a buy rating on the construction company’s stock.
Separately, Truist Financial dropped their price target on shares of PGT Innovations from $43.00 to $42.00 and set a hold rating on the stock in a research note on Thursday, January 18th.
Check Out Our Latest Research Report on PGT Innovations
PGT Innovations Price Performance
PGT Innovations (NYSE:PGTI – Get Free Report) last released its 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 company had revenue of $342.50 million during the quarter, compared to analysts’ expectations of $339.15 million. During the same quarter in the previous year, the company earned $0.28 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Equities analysts forecast that PGT Innovations will post 2.48 EPS for the current fiscal year.
Institutional Trading of PGT Innovations
A number of institutional investors and hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. lifted its position in PGT Innovations by 1.4% during the 4th quarter. Nomura Holdings Inc. now owns 952,856 shares of the construction company’s stock worth $38,781,000 after acquiring an additional 13,273 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of PGT Innovations in the fourth quarter worth about $754,000. Congress Asset Management Co. MA lifted its position in shares of PGT Innovations by 7.6% during the 4th quarter. Congress Asset Management Co. MA now owns 1,067,459 shares of the construction company’s stock worth $43,446,000 after purchasing an additional 75,561 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in PGT Innovations by 234.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the construction company’s stock valued at $15,149,000 after purchasing an additional 260,818 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in PGT Innovations by 0.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 57,609 shares of the construction company’s stock valued at $2,345,000 after buying an additional 398 shares during the last quarter. 81.60% of the stock is currently owned by institutional investors and hedge funds.
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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