PGT Innovations Inc (NYSE:PGTI) Director Sells $198,268.05 in Stock

PGT Innovations Inc (NYSE:PGTI) Director Rodney Hershberger sold 11,615 shares of PGT Innovations stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $17.07, for a total transaction of $198,268.05. Following the completion of the transaction, the director now owns 1,260,260 shares in the company, valued at approximately $21,512,638.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Rodney Hershberger also recently made the following trade(s):

  • On Tuesday, August 20th, Rodney Hershberger sold 23,970 shares of PGT Innovations stock. The stock was sold at an average price of $14.13, for a total transaction of $338,696.10.
  • On Monday, July 15th, Rodney Hershberger sold 11,830 shares of PGT Innovations stock. The stock was sold at an average price of $16.29, for a total transaction of $192,710.70.

Shares of PGT Innovations stock traded up $0.03 during trading on Tuesday, hitting $17.21. 339,275 shares of the company’s stock traded hands, compared to its average volume of 481,695. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.99 and a quick ratio of 2.40. The firm’s fifty day moving average price is $15.01 and its 200 day moving average price is $15.18. PGT Innovations Inc has a twelve month low of $13.30 and a twelve month high of $24.16. The company has a market cap of $999.69 million, a PE ratio of 14.58, a PEG ratio of 1.97 and a beta of 1.00.

PGT Innovations (NYSE:PGTI) last issued its earnings results on Thursday, August 1st. The construction company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. PGT Innovations had a net margin of 6.48% and a return on equity of 15.36%. The business had revenue of $199.00 million for the quarter, compared to analyst estimates of $206.34 million. During the same period in the previous year, the business earned $0.41 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. As a group, equities research analysts anticipate that PGT Innovations Inc will post 0.94 earnings per share for the current year.

Several institutional investors have recently modified their holdings of PGTI. Price T Rowe Associates Inc. MD lifted its holdings in PGT Innovations by 1.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,069,109 shares of the construction company’s stock valued at $51,316,000 after purchasing an additional 39,923 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in PGT Innovations by 44.5% during the 1st quarter. Lazard Asset Management LLC now owns 1,810,192 shares of the construction company’s stock valued at $25,071,000 after purchasing an additional 557,105 shares during the last quarter. Rice Hall James & Associates LLC lifted its holdings in PGT Innovations by 233.3% during the 2nd quarter. Rice Hall James & Associates LLC now owns 1,218,343 shares of the construction company’s stock valued at $20,371,000 after purchasing an additional 852,806 shares during the last quarter. Waddell & Reed Financial Inc. lifted its holdings in PGT Innovations by 271.4% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,128,928 shares of the construction company’s stock valued at $18,876,000 after purchasing an additional 824,968 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new position in PGT Innovations during the 2nd quarter valued at about $18,168,000. Institutional investors and hedge funds own 90.97% of the company’s stock.

Several analysts have issued reports on the stock. Gabelli upgraded shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Friday, August 2nd. ValuEngine upgraded shares of PGT Innovations from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Zacks Investment Research lowered shares of PGT Innovations from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, G.Research restated a “buy” rating on shares of PGT Innovations in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $22.88.

About PGT Innovations

PGT Innovations, Inc manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It 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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