Rodney Hershberger Sells 11,615 Shares of PGT Innovations Inc (NYSE:PGTI) Stock

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PGT Innovations Inc (NYSE:PGTI) Director Rodney Hershberger sold 11,615 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $17.07, for a total value 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 legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $14.13, for a total value of $338,696.10.
  • On Monday, July 15th, Rodney Hershberger sold 11,830 shares of PGT Innovations stock. The shares were sold at an average price of $16.29, for a total value of $192,710.70.

NYSE PGTI opened at $16.75 on Friday. The company has a current ratio of 2.99, a quick ratio of 2.40 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $15.04 and its two-hundred day moving average is $15.20. PGT Innovations Inc has a 12-month low of $13.30 and a 12-month high of $24.16. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 1.98 and a beta of 1.00.

PGT Innovations (NYSE:PGTI) last released its earnings results on Thursday, August 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. PGT Innovations had a return on equity of 15.36% and a net margin of 6.48%. The company had revenue of $199.00 million for the quarter, compared to analysts’ expectations of $206.34 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts forecast that PGT Innovations Inc will post 0.93 earnings per share for the current fiscal year.

PGTI has been the topic of several recent research reports. Zacks Investment Research cut PGT Innovations from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Gabelli upgraded 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. G.Research restated a “buy” rating on shares of PGT Innovations in a research report on Friday, August 2nd. Finally, ValuEngine upgraded PGT Innovations from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. PGT Innovations presently has a consensus rating of “Buy” and a consensus target price of $22.88.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board increased its position in PGT Innovations by 43.0% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 127,531 shares of the construction company’s stock worth $2,132,000 after purchasing an additional 38,336 shares during the period. Cadence Capital Management LLC acquired a new position in PGT Innovations during the 2nd quarter worth approximately $2,547,000. Corbyn Investment Management Inc. MD purchased a new stake in shares of PGT Innovations during the 2nd quarter worth approximately $252,000. Kornitzer Capital Management Inc. KS purchased a new stake in shares of PGT Innovations during the 2nd quarter worth approximately $4,183,000. Finally, Aperio Group LLC boosted its stake in shares of PGT Innovations by 6.2% during the 2nd quarter. Aperio Group LLC now owns 21,567 shares of the construction company’s stock worth $361,000 after acquiring an additional 1,258 shares in the last quarter. Institutional investors own 90.97% of the company’s stock.

PGT Innovations Company Profile

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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