PGT Innovations (NYSE:PGTI) Shares Pass Above 200 Day Moving Average of $19.40

PGT Innovations, Inc. (NYSE:PGTIGet Rating) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.40 and traded as high as $20.88. PGT Innovations shares last traded at $20.30, with a volume of 297,824 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on PGT Innovations in a report on Wednesday, August 17th. They set a “buy” rating for the company. TheStreet upgraded PGT Innovations from a “c+” rating to a “b” rating in a research report on Thursday, June 2nd. StockNews.com upgraded PGT Innovations from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. decreased their price target on PGT Innovations from $22.00 to $19.00 in a research report on Friday, July 15th.

PGT Innovations Stock Performance

The company has a debt-to-equity ratio of 1.08, a current ratio of 2.82 and a quick ratio of 2.24. The stock has a 50-day simple moving average of $21.08 and a 200-day simple moving average of $19.39. The stock has a market cap of $1.18 billion, a P/E ratio of 18.05 and a beta of 1.48.

PGT Innovations (NYSE:PGTIGet Rating) last released its earnings results on Tuesday, July 26th. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.22. PGT Innovations had a return on equity of 18.27% and a net margin of 4.84%. The firm had revenue of $406.52 million for the quarter, compared to analysts’ expectations of $364.73 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. The business’s revenue for the quarter was up 42.4% on a year-over-year basis. Research analysts forecast that PGT Innovations, Inc. will post 2.01 earnings per share for the current year.

Insider Transactions at PGT Innovations

In related news, Director Rodney Hershberger sold 2,000 shares of PGT Innovations stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $19.03, for a total value of $38,060.00. Following the transaction, the director now directly owns 1,370,638 shares of the company’s stock, valued at $26,083,241.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other PGT Innovations news, VP Robert Andrew Keller sold 4,746 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $21.95, for a total value of $104,174.70. Following the transaction, the vice president now directly owns 54,904 shares of the company’s stock, valued at $1,205,142.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Rodney Hershberger sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $19.03, for a total value of $38,060.00. Following the sale, the director now owns 1,370,638 shares of the company’s stock, valued at approximately $26,083,241.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,746 shares of company stock worth $186,335. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On PGT Innovations

Several institutional investors have recently bought and sold shares of the stock. CWM LLC grew its stake in PGT Innovations by 102.9% in the 1st quarter. CWM LLC now owns 1,733 shares of the construction company’s stock valued at $31,000 after purchasing an additional 879 shares during the period. KBC Group NV bought a new position in PGT Innovations in the 2nd quarter valued at $82,000. Captrust Financial Advisors grew its stake in PGT Innovations by 35.0% in the 1st quarter. Captrust Financial Advisors now owns 6,136 shares of the construction company’s stock valued at $110,000 after purchasing an additional 1,591 shares during the period. SG Americas Securities LLC grew its stake in PGT Innovations by 20.5% in the 2nd quarter. SG Americas Securities LLC now owns 7,500 shares of the construction company’s stock valued at $125,000 after purchasing an additional 1,276 shares during the period. Finally, Mutual of America Capital Management LLC grew its stake in PGT Innovations by 17.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 10,063 shares of the construction company’s stock valued at $167,000 after purchasing an additional 1,471 shares during the period. Institutional investors own 88.69% of the company’s stock.

About PGT Innovations

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PGT Innovations, Inc, together with its subsidiaries manufactures and supplies impact-resistant aluminum frame windows and doors in the United States and internationally. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact resistant vinyl windows with insulating glass and multi-chambered frames for various climate zones.

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