PGT Innovations (PGTI) Earns Daily News Impact Rating of 0.17
News articles about PGT Innovations (NYSE:PGTI) have been trending somewhat positive on Tuesday, Accern reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PGT Innovations earned a news impact score of 0.17 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 45.5860557575334 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of brokerages have commented on PGTI. Royal Bank of Canada reissued a “buy” rating on shares of PGT Innovations in a report on Thursday, November 30th. B. Riley boosted their price objective on PGT Innovations from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. BidaskClub raised PGT Innovations from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Dougherty & Co raised PGT Innovations from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. Finally, SunTrust Banks reissued a “buy” rating on shares of PGT Innovations in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.67.
Shares of PGT Innovations (PGTI) opened at $16.85 on Tuesday. The company has a market capitalization of $836.78, a P/E ratio of 36.63, a price-to-earnings-growth ratio of 1.86 and a beta of 1.21. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.71 and a current ratio of 3.67. PGT Innovations has a twelve month low of $10.00 and a twelve month high of $17.05.
PGT Innovations (NYSE:PGTI) last released its earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The business had revenue of $126.90 million during the quarter, compared to the consensus estimate of $129.82 million. PGT Innovations had a net margin of 4.87% and a return on equity of 19.02%. The business’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share. sell-side analysts predict that PGT Innovations will post 0.56 earnings per share for the current fiscal year.
In other news, Director William J. Morgan sold 41,395 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $15.71, for a total value of $650,315.45. Following the completion of the transaction, the director now directly owns 75,508 shares of the company’s stock, valued at $1,186,230.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard D. Feintuch sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $16.05, for a total value of $802,500.00. Following the completion of the transaction, the director now directly owns 75,508 shares of the company’s stock, valued at $1,211,903.40. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.
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About PGT Innovations
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.
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