PGT Innovations Could Be Targeted for Takeover, Analyst Predicts Share Price Increase to Over $37

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An analyst has recently forecasted that PGT ($NYSE:PGTI) Innovations could be a target for acquisition, and the share price could rise to over $37. The prediction has generated a lot of attention and speculation in the investing world. PGT Innovations is a leading provider of building materials and solutions primarily used in residential construction. Analysts have noted that the company is well positioned to benefit from the strong housing market. Moreover, the company has a long history of innovation and growth, which has resulted in a number of successful products and service offerings.

Furthermore, it has established a solid customer base with many well-known clients. With all these factors in mind, it is easy to see why some are speculating that PGT Innovations could be a prime target for a takeover, which could push its share price up to over $37.

Market Price

On the same day, the stock opened at $25.0 and closed at $25.4, an increase of 1.4% from its prior closing price of 25.1. This signals that the analyst’s predictions may be accurate, and that investors are taking notice of potential future gains. The potential takeover of PGT INNOVATIONS could be an exciting development for investors, as it could lead to a significant return on their investments. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Pgt Innovations. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Pgt Innovations. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Pgt Innovations. More…

Key Ratios Snapshot

Some of the financial key ratios for Pgt Innovations are shown below. More…

Analysis

GoodWhale is proud to present our analysis of PGT INNOVATIONS. Our Star Chart shows that PGT INNOVATIONS has a very healthy score of 8/10 when it comes to cashflows and debt, demonstrating its ability to sustain future operations even in times of crisis. Furthermore, when looking at the five core metrics, PGT INNOVATIONS is strong in growth and profitability, yet weak in assets and dividend. Based on this, we classify PGT INNOVATIONS as a ‘gorilla’, which are companies that have a strong competitive advantage and are able to consistently achieve high and stable revenue or earnings growth. Given its classification and performance, investors looking for a stable growth stock with a strong competitive advantage would likely find PGT INNOVATIONS an attractive option. More…

Peers

There is significant competition between PGT Innovations Inc and its competitors Tyman PLC, Beacon Roofing Supply Inc, Quanex Building Products Corp. All four companies compete for market share in the manufacture and sale of windows, doors, and other building products. PGT Innovations Inc has a significant competitive advantage in its ability to vertically integrate the production of its products. This means that PGT Innovations Inc can control the quality of its products from start to finish, ensuring that its products are of the highest possible quality. Additionally, PGT Innovations Inc has a strong brand name and reputation, which gives it a leg up on its competitors.

– Tyman PLC ($LSE:TYMN)

Tyman PLC is a British-based manufacturer and supplier of door and window products. The company has a market cap of 382.79M as of 2022 and a Return on Equity of 9.35%. Tyman PLC supplies a range of door and window products to the construction, repair and maintenance markets in the United Kingdom, Europe, North America and Asia Pacific. The company’s products include door and window frames, doors, windows, hardware, glass and glazing products.

– Beacon Roofing Supply Inc ($NASDAQ:BECN)

Beacon Roofing Supply Inc is a leading distributor of roofing materials and supplies in the United States. The company has a market cap of 3.54 billion and a return on equity of 13.72%. Beacon Roofing Supply Inc is a publicly traded company on the Nasdaq Stock Market under the ticker symbol BECN. The company was founded in 1928 and is headquartered in Herndon, Virginia. Beacon Roofing Supply Inc operates more than 400 locations in 40 states across the United States. The company offers a wide range of roofing materials and supplies, including asphalt shingles, metal roofing, slate roofing, tile roofing, and more.

– Quanex Building Products Corp ($NYSE:NX)

Quanex Building Products Corporation is a leading provider of engineered products, services and solutions for the global residential new construction, repair and remodeling, and commercial construction markets. The Company operates in three segments: Engineered Components, Cabinets & Windows, and Insulation. Quanex Building Products Corporation is headquartered in Houston, Texas.

As of 2022, Quanex Building Products Corporation had a market cap of 649M and a Return on Equity of 15.63%. The company operates in three segments: Engineered Components, Cabinets & Windows, and Insulation. Quanex Building Products Corporation is headquartered in Houston, Texas.

Summary

PGT Innovations (formerly PGT Industries) is an American manufacturer and distributor of impact-resistant windows and doors. An analyst recently suggested that PGT Innovations could be worth more than its current stock price of $37 per share if the company were to be taken over by another company. The analyst believes that taking advantage of the company’s strong brand recognition, current market position, and potential for growth could make it an attractive acquisition target. investors should keep an eye on PGT Innovations and its stock price, as it could be a good opportunity for potential returns.