Rodney Hershberger Sells 2,000 Shares of PGT Innovations, Inc. (NYSE:PGTI) Stock

PGT Innovations, Inc. (NYSE:PGTI) Director Rodney Hershberger sold 2,000 shares of PGT Innovations stock in a transaction on Wednesday, January 12th. The shares were sold at an average price of $22.10, for a total value of $44,200.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Monday, December 6th, Rodney Hershberger sold 1,100 shares of PGT Innovations stock. The shares were sold at an average price of $22.00, for a total value of $24,200.00.
  • On Wednesday, November 3rd, Rodney Hershberger sold 1,100 shares of PGT Innovations stock. The shares were sold at an average price of $22.00, for a total value of $24,200.00.

PGT Innovations stock opened at $21.90 on Friday. The stock has a 50-day simple moving average of $21.86 and a 200 day simple moving average of $21.46. The company has a quick ratio of 2.76, a current ratio of 3.39 and a debt-to-equity ratio of 1.09. PGT Innovations, Inc. has a 12-month low of $18.81 and a 12-month high of $28.11. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 57.63 and a beta of 1.45.

PGT Innovations (NYSE:PGTI) last released its quarterly earnings results on Thursday, November 11th. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. PGT Innovations had a return on equity of 10.33% and a net margin of 2.48%. The business had revenue of $300.43 million during the quarter, compared to analysts’ expectations of $298.04 million. During the same period in the previous year, the business posted $0.31 earnings per share. As a group, sell-side analysts anticipate that PGT Innovations, Inc. will post 0.99 EPS for the current year.

A number of brokerages have issued reports on PGTI. Zacks Investment Research cut PGT Innovations from a “strong-buy” rating to a “hold” rating in a report on Thursday. TheStreet cut PGT Innovations from a “b-” rating to a “c” rating in a report on Thursday, November 11th.

Several institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in PGT Innovations by 22.8% in the third quarter. Wellington Management Group LLP now owns 7,397,003 shares of the construction company’s stock worth $141,284,000 after purchasing an additional 1,373,303 shares during the period. Cooke & Bieler LP increased its position in PGT Innovations by 8.3% in the third quarter. Cooke & Bieler LP now owns 3,799,431 shares of the construction company’s stock worth $72,569,000 after purchasing an additional 292,025 shares during the period. Vanguard Group Inc. increased its position in PGT Innovations by 2.7% in the second quarter. Vanguard Group Inc. now owns 3,730,574 shares of the construction company’s stock worth $86,661,000 after purchasing an additional 99,793 shares during the period. Dimensional Fund Advisors LP increased its position in PGT Innovations by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,400,800 shares of the construction company’s stock worth $45,858,000 after purchasing an additional 65,595 shares during the period. Finally, Lazard Asset Management LLC increased its position in PGT Innovations by 10.8% in the second quarter. Lazard Asset Management LLC now owns 2,227,710 shares of the construction company’s stock worth $51,749,000 after purchasing an additional 217,316 shares during the period. 86.93% of the stock is owned by institutional investors and hedge funds.

About PGT Innovations

PGT Innovations, Inc engages in the manufacture and supply of windows and doors under the brand name PGT Custom Windows + Doors; CGI; WinDoor; Western Window Systems; Eze-Breeze; and CGI Commercial. It operates through the Southeast and Western geographical segments. The company was founded by Rodney Hershberger in 1980 and is headquartered in Nokomis, FL.

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