PGT Innovations Inc (NASDAQ:PGTI) announced its earnings results on Thursday. The construction company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03), Bloomberg Earnings reports. The company had revenue of $126.90 million for the quarter, compared to the consensus estimate of $129.82 million. PGT Innovations had a net margin of 7.46% and a return on equity of 28.98%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 EPS.

Shares of PGT Innovations (NASDAQ:PGTI) traded down $0.05 during midday trading on Friday, reaching $14.05. 884,239 shares of the company were exchanged.

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In related news, Director Brett N. Milgrim sold 8,894 shares of PGT Innovations stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $13.10, for a total transaction of $116,511.40. Following the completion of the transaction, the director now directly owns 55,760 shares of the company’s stock, valued at approximately $730,456. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Brett N. Milgrim sold 8,322 shares of PGT Innovations stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $13.33, for a total transaction of $110,932.26. Following the transaction, the director now directly owns 64,654 shares of the company’s stock, valued at $861,837.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,675 shares of company stock valued at $879,808. 6.50% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on the stock. Dougherty & Co raised shares of PGT Innovations from a “neutral” rating to a “buy” rating in a research note on Friday. BidaskClub lowered shares of PGT Innovations from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. KeyCorp reaffirmed a “hold” rating on shares of PGT Innovations in a research note on Tuesday, September 26th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of PGT Innovations in a research note on Tuesday, September 12th. Finally, FBR & Co reaffirmed a “buy” rating and set a $15.00 target price (up previously from $13.00) on shares of PGT Innovations in a research note on Monday, August 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $14.00.

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.

Earnings History for PGT Innovations (NASDAQ:PGTI)

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