Stock Analysis

Even with PGT Innovations, Inc. (NYSE:PGTI) stock down 5.7% this week, insiders who bought recently netted around US$30k

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Insiders who bought PGT Innovations, Inc. (NYSE:PGTI) in the last 12 months may probably not pay attention to the stock's recent 5.7% drop. Reason being, despite the recent loss, insiders original purchase value of US$385k is now worth US$415k.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for PGT Innovations

PGT Innovations Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Independent Director Richard Feintuch for US$203k worth of shares, at about US$20.35 per share. That implies that an insider found the current price of US$20.73 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the PGT Innovations insider decided to buy shares at close to current prices. Richard Feintuch was the only individual insider to buy shares in the last twelve months.

Richard Feintuch bought a total of 20.00k shares over the year at an average price of US$19.24. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

NYSE:PGTI Insider Trading Volume March 16th 2023

PGT Innovations is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that PGT Innovations insiders own 4.9% of the company, worth about US$61m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The PGT Innovations Insider Transactions Indicate?

The fact that there have been no PGT Innovations insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in PGT Innovations and we see no evidence to suggest they are worried about the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 1 warning sign for PGT Innovations and we suggest you have a look.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

What are the risks and opportunities for PGT Innovations?

PGT Innovations, Inc., together with its subsidiaries manufactures and supplies impact-resistant aluminum frame windows and doors in the United States and internationally.

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  • Trading at 38.6% below our estimate of its fair value

  • Earnings are forecast to grow 12.98% per year

  • Earnings grew by 269.7% over the past year


  • Has a high level of debt

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