PGT Innovations Inc (NYSE:PGTI) – Investment analysts at Gabelli boosted their FY2018 earnings estimates for PGT Innovations in a report issued on Monday. Gabelli analyst A. Lacayo now expects that the construction company will post earnings of $0.80 per share for the year, up from their previous forecast of $0.65. Gabelli also issued estimates for PGT Innovations’ FY2020 earnings at $1.10 EPS and FY2021 earnings at $1.15 EPS.
Other equities research analysts have also issued reports about the company. SunTrust Banks reaffirmed a “buy” rating and set a $19.00 target price on shares of PGT Innovations in a research report on Friday, February 23rd. Zacks Investment Research raised PGT Innovations from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Thursday, February 22nd. Dougherty & Co reaffirmed a “buy” rating and set a $19.00 target price (up from $18.00) on shares of PGT Innovations in a research report on Thursday, February 8th. Royal Bank of Canada reaffirmed a “buy” rating on shares of PGT Innovations in a research report on Thursday, November 30th. Finally, B. Riley boosted their target price on PGT Innovations from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $18.00.
PGT Innovations (NYSE:PGTI) last announced its earnings results on Tuesday, February 20th. The construction company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $134.10 million for the quarter, compared to analyst estimates of $118.32 million. PGT Innovations had a return on equity of 20.52% and a net margin of 7.80%. PGT Innovations’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 earnings per share.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of PGT Innovations by 5.5% during the fourth quarter. BlackRock Inc. now owns 7,310,563 shares of the construction company’s stock valued at $123,183,000 after buying an additional 383,418 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of PGT Innovations by 23.5% during the fourth quarter. Renaissance Technologies LLC now owns 3,122,229 shares of the construction company’s stock valued at $52,610,000 after buying an additional 594,200 shares in the last quarter. Jennison Associates LLC grew its stake in PGT Innovations by 2.0% in the third quarter. Jennison Associates LLC now owns 2,798,352 shares of the construction company’s stock valued at $41,835,000 after purchasing an additional 54,277 shares in the last quarter. Vanguard Group Inc. grew its stake in PGT Innovations by 5.6% in the second quarter. Vanguard Group Inc. now owns 2,642,425 shares of the construction company’s stock valued at $33,823,000 after purchasing an additional 139,011 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in PGT Innovations by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,526,455 shares of the construction company’s stock valued at $37,770,000 after purchasing an additional 74,185 shares in the last quarter. Institutional investors and hedge funds own 88.32% of the company’s stock.
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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.
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