PGT Innovations Inc (NASDAQ:PGTI) – Equities research analysts at SunTrust Banks lowered their FY2017 EPS estimates for shares of PGT Innovations in a research report issued to clients and investors on Monday. SunTrust Banks analyst K. Hughes now expects that the construction company will post earnings of $0.59 per share for the year, down from their prior estimate of $0.61. SunTrust Banks has a “Buy” rating on the stock.

PGT Innovations (NASDAQ:PGTI) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. The company had revenue of $137.38 million during the quarter, compared to analysts’ expectations of $127.79 million. PGT Innovations had a return on equity of 28.98% and a net margin of 7.46%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS.

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Several other equities research analysts also recently issued reports on the company. BidaskClub raised PGT Innovations from a “hold” rating to a “buy” rating in a research note on Tuesday. KeyCorp reissued a “hold” rating on shares of PGT Innovations in a research note on Tuesday, September 26th. FBR & Co reissued a “buy” rating and issued a $15.00 price objective (up from $13.00) on shares of PGT Innovations in a research note on Monday, August 21st. Raymond James Financial, Inc. downgraded PGT Innovations from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th. Finally, TheStreet raised PGT Innovations from a “c+” rating to a “b-” rating in a research note on Thursday, June 22nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $14.00.

Shares of PGT Innovations (PGTI) opened at 15.00 on Wednesday. The stock has a market cap of $744.03 million, a PE ratio of 26.83 and a beta of 0.93. The firm has a 50-day moving average price of $13.77 and a 200 day moving average price of $12.30. PGT Innovations has a 12-month low of $9.50 and a 12-month high of $15.05.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC raised its stake in shares of PGT Innovations by 12.2% during the 2nd quarter. Lazard Asset Management LLC now owns 2,989,820 shares of the construction company’s stock worth $38,269,000 after purchasing an additional 325,137 shares in the last quarter. Jennison Associates LLC raised its stake in shares of PGT Innovations by 3.3% during the 2nd quarter. Jennison Associates LLC now owns 2,744,075 shares of the construction company’s stock worth $35,124,000 after purchasing an additional 88,528 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of PGT Innovations by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,642,425 shares of the construction company’s stock worth $33,823,000 after purchasing an additional 139,011 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of PGT Innovations by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,452,270 shares of the construction company’s stock worth $31,388,000 after purchasing an additional 140,054 shares in the last quarter. Finally, State Street Corp raised its stake in shares of PGT Innovations by 7.0% during the 2nd quarter. State Street Corp now owns 1,151,849 shares of the construction company’s stock worth $14,745,000 after purchasing an additional 75,132 shares in the last quarter. 96.80% of the stock is owned by institutional investors.

In other news, Director Richard D. Feintuch sold 49,459 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $13.19, for a total transaction of $652,364.21. Following the completion of the sale, the director now directly owns 81,051 shares of the company’s stock, valued at approximately $1,069,062.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brett N. Milgrim sold 8,894 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $13.10, for a total value of $116,511.40. Following the sale, the director now directly owns 55,760 shares of the company’s stock, valued at $730,456. The disclosure for this sale can be found here. Insiders have sold a total of 66,675 shares of company stock valued at $879,808 over the last ninety days. Company insiders own 6.50% 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.

Earnings History and Estimates for PGT Innovations (NASDAQ:PGTI)

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