Pgt Innovations Stock Intrinsic Value – PGT Innovations Rejects Increased Buyout Offer from Miter Brands
December 15, 2023
🌧️Trending News
PGT ($NYSE:PGTI) Innovations, a leading American manufacturer and distributor of windows, doors, and related products, recently rejected an increased buyout offer from Miter Brands, an international conglomerate. PGT Innovations is a publicly traded company that has grown rapidly in the last decade, with their products becoming increasingly popular in residential and commercial construction. The company has become synonymous with quality products at competitive prices. The increased buyout offer from Miter Brands was in the form of cash, stock, and debt, though PGT Innovations declined it. While the financial details of the offer have not been disclosed, PGT Innovations stated that it believed their company was worth significantly more than the offer made by Miter Brands.
In a statement released by PGT Innovations’ board of directors, they said that they believed they were best positioned to continue to create value for shareholders and remain a leader in the construction materials industry. The company is well-positioned to capitalize on the strong demand for their products, and investors remain confident in their strategy. It is unclear if Miter Brands will make another offer or if PGT Innovations will seek out other potential buyers, but it is clear that the company will remain an industry leader regardless of the outcome.
Share Price
On Wednesday, PGT INNOVATIONS, a leading manufacturer and distributor of windows and doors, rejected an increased buyout offer from the Miter Brands. Despite the news, PGT INNOVATIONS stock still managed to close up by 4.7% from the previous day’s closing price of 33.2, opening at $33.4 and closing at $34.8. The company released a statement explaining that the increased offer did not reflect the value of the company and its long-term prospects, leading the board to reject the offer. Their stock price had already seen a dramatic increase in the past few months, indicating strong investor confidence in the company’s performance. This is not the first offer PGT INNOVATIONS has received from Miter Brands, with previous offers being similarly rejected.
Analysts predict that Miter Brands will continue to pursue a takeover of PGT INNOVATIONS in the coming weeks, although no official statement has been released as of yet. Overall, it appears that PGT INNOVATIONS is committed to staying independent, and investors are confident enough to keep pushing up their stock prices. In the meantime, all eyes will be on the company to see how this story develops. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pgt Innovations. More…
| Total Revenues | Net Income | Net Margin |
| 1.5k | 113.67 | 7.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pgt Innovations. More…
| Operations | Investing | Financing |
| 184.06 | -246.21 | -119.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pgt Innovations. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.61k | 947.29 | 11.33 |
Key Ratios Snapshot
Some of the financial key ratios for Pgt Innovations are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.6% | 28.9% | 12.2% |
| FCF Margin | ROE | ROA |
| 8.3% | 17.5% | 7.1% |
Analysis – Pgt Innovations Stock Intrinsic Value
At GoodWhale, we analyzed the wellbeing of PGT INNOVATIONS and found that the intrinsic value of PGT INNOVATIONS share is around $28.0, which was calculated by our proprietary Valuation Line. Our analysis shows that the current market price of PGT INNOVATIONS stock is $34.8, which implies that it is overvalued by 24.4%. Therefore, investors should take caution and use their discretion while investing in PGT INNOVATIONS shares. More…
Peers
There is significant competition between PGT Innovations Inc and its competitors Tyman PLC, Beacon Roofing Supply Inc, Quanex Building Products Corp. All four companies compete for market share in the manufacture and sale of windows, doors, and other building products. PGT Innovations Inc has a significant competitive advantage in its ability to vertically integrate the production of its products. This means that PGT Innovations Inc can control the quality of its products from start to finish, ensuring that its products are of the highest possible quality. Additionally, PGT Innovations Inc has a strong brand name and reputation, which gives it a leg up on its competitors.
– Tyman PLC ($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 (PGTI) is a publicly-traded company that manufactures and markets windows and doors. Recently, PGTI has been in the news after Miter Brands offered a higher buyout offer. PGTI rejected the offer, and their stock price moved up the same day. For investors looking to capitalize on their investment in PGTI, there are several factors to consider. Firstly, the company has a history of innovation, and their products are in high demand. Furthermore, the stock has been on an upward trend for some time and is expected to remain strong in the future.
In addition, the higher buyout offer from Miter Brands indicates that PGTI is an attractive acquisition target. Finally, analysts have noted that the company’s financials remain healthy and that their balance sheet is strong. Overall, PGTI appears to be an attractive investing opportunity for those who seek long-term gains. With the company’s strong fundamentals and positive outlook, it is a stock that could be worth considering for investors looking to benefit from the upside potential of the stock.
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