Wall Street Pummels PGT Innovations After Recent Earnings Report

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PGT Innovations Inc., a company that manufactures impact-resistant windows and doors, was pummeled by Wall Street after releasing their recent earnings report. The report showed that the company’s revenue and earnings had both declined year-over-year. This news sent the stock tumbling, as investors were clearly disappointed with the company’s performance.

PGT Innovations has been struggling lately, and this latest report only reinforces those concerns. It remains to be seen if the company can turn things around, but it will be an uphill battle.

Stock Price

PGT ($NYSE:PGTI): The stock opened at $23.70 on Tuesday and closed at $22.80, down 3.8% from the previous closing price of $23.70. Most of the news about the company has been positive, but the earnings report has investors worried about the future. Investors are worried that the company’s recent string of bad news will continue.

In addition to the disappointing earnings report, the company has been hit with a lawsuit and a recall of one of its products. The lawsuit alleges that the company misled investors about the financial condition of one of its subsidiaries, and the recall is for a window that was found to be defective.

VI Analysis

PGT Innovations is a company that is strong in growth and profitability, but weak in asset and dividend. The company’s fundamentals reflect its long term potential, and the VI Star Chart shows that PGT Innovations has an intermediate health score of 6/10 considering its cashflows and debt. The company is classified as a ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage.

What type of investors may be interested in such a company? Growth investors may be attracted to the company’s strong growth potential, while value investors may be attracted to the company’s low asset base and high profitability.

VI 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

Investing in PGT Innovations Inc. may not be the best idea right now based on recent events. The company’s earnings report caused Wall Street to pummel the stock, and the stock price has moved down since then. However, there may be some value in PGTI for investors who are willing to take on a bit more risk. The company’s products are still in demand, and its earnings reports have been mostly positive in recent quarters.