PGT Innovations Inc (NASDAQ:PGTI) Director Richard D. Feintuch Sells 49,459 Shares

PGT Innovations Inc (NASDAQ:PGTI) Director Richard D. Feintuch sold 49,459 shares of PGT Innovations stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $13.19, for a total transaction of $652,364.21. Following the completion of the transaction, the director now directly owns 81,051 shares of the company’s stock, valued at approximately $1,069,062.69. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of PGT Innovations Inc (NASDAQ:PGTI) traded down 1.15% on Thursday, hitting $12.90. 254,143 shares of the stock were exchanged. PGT Innovations Inc has a 1-year low of $9.50 and a 1-year high of $13.85. The stock’s 50-day moving average is $12.82 and its 200-day moving average is $11.57. The stock has a market cap of $639.87 million, a price-to-earnings ratio of 23.08 and a beta of 0.93.

PGT Innovations (NASDAQ:PGTI) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The company had revenue of $137.38 million during the quarter, compared to analyst estimates of $127.79 million. PGT Innovations had a net margin of 2.66% and a return on equity of 8.95%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. Analysts forecast that PGT Innovations Inc will post $0.60 earnings per share for the current year.

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A number of research analysts have recently commented on the stock. Raymond James Financial, Inc. downgraded shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a research report on Friday, August 4th. TheStreet raised shares of PGT Innovations from a “c+” rating to a “b-” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of PGT Innovations from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $13.00 price objective on shares of PGT Innovations in a research report on Monday, May 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. PGT Innovations has an average rating of “Hold” and a consensus target price of $13.00.

A number of institutional investors have recently bought and sold shares of PGTI. ACK Asset Management LLC acquired a new position in shares of PGT Innovations during the first quarter worth $13,541,000. Cooke & Bieler LP raised its position in shares of PGT Innovations by 12.7% in the first quarter. Cooke & Bieler LP now owns 2,670,640 shares of the construction company’s stock worth $28,709,000 after buying an additional 300,870 shares in the last quarter. Systematic Financial Management LP acquired a new position in shares of PGT Innovations during the first quarter worth $2,240,000. Vanguard Group Inc. raised its position in shares of PGT Innovations by 5.9% in the first quarter. Vanguard Group Inc. now owns 2,503,414 shares of the construction company’s stock worth $26,912,000 after buying an additional 140,242 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of PGT Innovations by 268.3% in the first quarter. Alliancebernstein L.P. now owns 191,500 shares of the construction company’s stock worth $2,059,000 after buying an additional 139,500 shares in the last quarter. Institutional investors own 96.80% of the company’s stock.

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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