Momentum Is Strong For PGT Innovations Inc (NYSE: PGTI)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Anlin Windows & Doors Unveils New Products at 2024 NAHB International Builders’ Show.

Stocks Info

This NYSE-listed company operates within the Building Products & Equipment industry segment, falling under the Industrials sector. The current market capitalization of PGT Innovations Inc is $2.39B. A total of 0.61 million shares were traded on the day, compared to an average of 1.09M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PGTI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 10 BUYs and 13 SELLs from insiders. Insiders purchased 34,570 shares during that period but sold 62,500.

In the most recent transaction, Hershberger Rodney sold 2,500 shares of PGTI for 32.03 per share on Dec 01. After the transaction, the Director now owns 1,334,155 company shares. In a previous transaction on Nov 01, Hershberger Rodney sold 2,500 shares at 30.03 per share. PGTI shares that Director owns now total 1,336,655.

Among the insiders who sold shares, Hershberger Rodney disposed of 2,500 shares on Oct 02 at a per-share price of $27.55. This resulted in the Director holding 1,339,155 shares of PGTI after the transaction. In another insider transaction, STEPHENS CHRISTOPHER J bought 3,000 shares at $26.33 per share on Sep 06. Company shares held by the Director now total 6,434.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PGTI in the last 3 months, the mean price target is $41.28 with high estimates of $44.62 and low estimates of $37.00. In terms of 52-week highs and lows, PGTI has a high of $41.97 and a low of $20.29.

As of this writing, PGTI has an earnings estimate of $0.6 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.6 per share and a lower estimate of $0.6. The company reported an EPS of $0.66 in the last quarter, which was 10.00% higher than expectations of $0.6.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PGTI’s latest balance sheet shows that the firm has $96.15M in Cash & Short Term Investments as of fiscal 2021. There were $722.74M in debt and $135.86M in liabilities at the time. Its Book Value Per Share was $11.54, while its Total Shareholder’s Equity was $565.96M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PGTI is Buy with a score of 3.00.