PGT Innovations Inc (PGTI) Director Rodney Hershberger Sells 23,690 Shares

PGT Innovations Inc (NYSE:PGTI) Director Rodney Hershberger sold 23,690 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $15.13, for a total value of $358,429.70. Following the completion of the sale, the director now directly owns 1,150,200 shares in the company, valued at approximately $17,402,526. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rodney Hershberger also recently made the following trade(s):

  • On Monday, April 15th, Rodney Hershberger sold 8,690 shares of PGT Innovations stock. The shares were sold at an average price of $14.54, for a total value of $126,352.60.
  • On Wednesday, April 17th, Rodney Hershberger sold 19,663 shares of PGT Innovations stock. The shares were sold at an average price of $14.48, for a total value of $284,720.24.

Shares of PGTI traded up $0.11 during trading hours on Wednesday, reaching $15.46. 382,872 shares of the company traded hands, compared to its average volume of 533,890. The company has a quick ratio of 2.28, a current ratio of 3.03 and a debt-to-equity ratio of 0.99. The firm has a market cap of $898.54 million, a P/E ratio of 13.13, a PEG ratio of 1.12 and a beta of 1.01. PGT Innovations Inc has a fifty-two week low of $13.35 and a fifty-two week high of $26.40.



PGT Innovations (NYSE:PGTI) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $174.00 million for the quarter, compared to analyst estimates of $175.14 million. PGT Innovations had a return on equity of 18.46% and a net margin of 7.49%. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. As a group, equities analysts expect that PGT Innovations Inc will post 1.01 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PGTI. Broad Bay Capital Management LP purchased a new position in PGT Innovations during the fourth quarter worth about $20,415,000. Vanguard Group Inc. lifted its position in PGT Innovations by 27.5% during the third quarter. Vanguard Group Inc. now owns 4,248,982 shares of the construction company’s stock worth $91,777,000 after buying an additional 917,089 shares during the period. Fiera Capital Corp lifted its position in PGT Innovations by 547.1% during the fourth quarter. Fiera Capital Corp now owns 1,051,118 shares of the construction company’s stock worth $16,660,000 after buying an additional 888,676 shares during the period. Lazard Asset Management LLC lifted its position in PGT Innovations by 44.5% during the first quarter. Lazard Asset Management LLC now owns 1,810,192 shares of the construction company’s stock worth $25,071,000 after buying an additional 557,105 shares during the period. Finally, Two Sigma Investments LP lifted its position in PGT Innovations by 513.9% during the fourth quarter. Two Sigma Investments LP now owns 499,669 shares of the construction company’s stock worth $7,920,000 after buying an additional 418,273 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

A number of research firms recently commented on PGTI. Zacks Investment Research raised PGT Innovations from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. ValuEngine raised PGT Innovations from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. KeyCorp increased their price objective on PGT Innovations from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Dougherty & Co reaffirmed a “buy” rating and set a $22.00 price objective (down previously from $27.00) on shares of PGT Innovations in a research note on Thursday, February 28th. Finally, Wells Fargo & Co lowered PGT Innovations from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 28th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $23.56.

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About PGT Innovations

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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