Rodney Hershberger Sells 11,938 Shares of PGT Innovations Inc (NYSE:PGTI) Stock

PGT Innovations Inc (NYSE:PGTI) Director Rodney Hershberger sold 11,938 shares of PGT Innovations stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $14.44, for a total value of $172,384.72. Following the transaction, the director now directly owns 1,313,928 shares in the company, valued at $18,973,120.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, October 21st, Rodney Hershberger sold 11,530 shares of PGT Innovations stock. The stock was sold at an average price of $17.96, for a total value of $207,078.80.
  • On Tuesday, October 15th, Rodney Hershberger sold 11,580 shares of PGT Innovations stock. The stock was sold at an average price of $17.43, for a total value of $201,839.40.
  • On Tuesday, September 17th, Rodney Hershberger sold 11,615 shares of PGT Innovations stock. The stock was sold at an average price of $17.07, for a total value of $198,268.05.

NYSE:PGTI traded down $0.19 during mid-day trading on Thursday, reaching $14.13. 70,766 shares of the stock were exchanged, compared to its average volume of 469,753. The business has a fifty day moving average price of $16.95 and a 200 day moving average price of $16.01. The firm has a market capitalization of $836.36 million, a PE ratio of 11.97, a PEG ratio of 2.18 and a beta of 0.98. PGT Innovations Inc has a 1-year low of $13.30 and a 1-year high of $19.65. The company has a current ratio of 3.56, a quick ratio of 2.83 and a debt-to-equity ratio of 0.92.

PGT Innovations (NYSE:PGTI) last issued its quarterly earnings results on Thursday, November 7th. The construction company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). The company had revenue of $197.82 million during the quarter, compared to analysts’ expectations of $196.78 million. PGT Innovations had a return on equity of 13.67% and a net margin of 6.69%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. On average, sell-side analysts forecast that PGT Innovations Inc will post 0.82 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of PGTI. BBVA USA Bancshares Inc. acquired a new stake in PGT Innovations during the 3rd quarter worth about $237,000. Cadence Capital Management LLC acquired a new stake in PGT Innovations during the 2nd quarter worth about $2,547,000. Ontario Teachers Pension Plan Board boosted 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 acquiring an additional 38,336 shares during the period. Corbyn Investment Management Inc. MD acquired a new stake in PGT Innovations during the 2nd quarter worth about $252,000. Finally, Aperio Group LLC boosted its position in 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 during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

PGTI has been the topic of a number of research analyst reports. Gabelli raised PGT Innovations from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday, August 2nd. ValuEngine lowered PGT Innovations from a “buy” rating to a “hold” rating in a report on Friday, November 8th. G.Research reaffirmed a “buy” rating on shares of PGT Innovations in a report on Friday, August 2nd. Finally, Zacks Investment Research lowered PGT Innovations from a “hold” rating to a “strong sell” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $21.00.

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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Insider Buying and Selling by Quarter for PGT Innovations (NYSE:PGTI)

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