Deutsche Bank initiated coverage on PGT Inc. with a new price target
$PGTI
Building Products
Industrials
Deutsche Bank initiated coverage of PGT Inc. with a rating of Buy and set a new price target of $38.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/18/2022 | $38.00 | Buy | Deutsche Bank |
| 2/22/2022 | $27.00 → $26.00 | Neutral | JP Morgan |
Last month, PGT® Custom Windows and Doors, America's authority in high-performance windows and doors and the nation's number one impact-resistant brand, and MI® Windows and Doors, one of America's largest manufacturers of precision-built and energy-efficient windows and patio doors, both part of the MITER Brands™ portfolio, had products named on Qualified Remodeler's 2024 Remodelers Choice 100 list. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240711193448/en/PGT WinGuard® Vinyl Preferred View Sliding Glass Door (SGD5570NS) (Photo: Business Wire) The recently launched PGT WinGuard® Vinyl Preferred View Sliding Glass Door (SGD
PGT Custom Windows and Doors, America's authority in high-performance windows and doors and the nation's number one impact-resistant brand, will participate in the upcoming Southeast Building Conference (SEBC) at the Orange County Convention Center in Orlando on July 24-25, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240625104957/en/PGT® WinGuard® Vinyl Preferred View Sliding Glass Door SGD5570NS (Photo: Business Wire) The annual event is the largest industry trade show in the southeast, attracting more than 6,000 individuals, and offers attendees the opportunity to connect with new customers who are experienced profess
NewSouth Window Solutions, serving homeowners directly by both manufacturing and installing high performance, energy efficient replacement windows and doors with impact resistant options, recently donated more than 20 windows to the Tampa Bay Police Department SWAT division, Tampa Fire Rescue, and the NOMORE Foundation, a nonprofit organization focused on helping orphans and eradicating slavery and poverty. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240521034555/en/Tampa Bay Police Department SWAT division during the donation (Photo: Business Wire) Six windows were donated to the Tampa Bay Police Department SWAT division and
4 - PGT Innovations, Inc. (0001354327) (Issuer)
4 - PGT Innovations, Inc. (0001354327) (Issuer)
4 - PGT Innovations, Inc. (0001354327) (Issuer)
NEW YORK, March 26, 2024 /PRNewswire/ -- Roivant Sciences Ltd (NASD:ROIV) will replace Sunrun Inc. (NASD:RUN) in the S&P MidCap 400, and Sunrun will replace PGT Innovations Inc. (NYSE:PGTI) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 1. MITER Brands is acquiring PGT Innovations in a transaction expected to be completed on or about March 28 pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector April 1, 2024 S&P MidCap 400 Addition Roivant Sciences ROIV Health Care S&P MidCap 400 Deletion Sunrun RUN In
CHATTANOOGA, Tenn., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced the company's board of directors (the "Board") appointed Mr. Patrick S. Shannon and Mr. Jeffrey ("Jeff") T. Jackson, new independent directors, to the Board effective as of January 18, 2024. Mr. William Bradley ("Brad") Southern, an independent director, informed the Board he will be retiring as a member of the Board effective January 18, 2024. With the election of Mr. Shannon and Mr. Jackson, and the retirement of Mr. Southern, the size of the Board increased to 11 directors, 10 of whom are independent directors. Mr. Shannon will also serve as a member of the Audit Committee of the Board a
Represents 60% Premium to PGTI's Unaffected Share Price MITER's $42.00 Per Share All-Cash Proposal Declared a "Superior Proposal" by PGT Innovations' Board MITER Brands™ ("MITER"), a nationwide manufacturer of precision-built windows and doors, and PGT Innovations Inc. (NYSE:PGTI) ("PGTI"), a manufacturer of premium windows and doors, today announced they have entered into a definitive merger agreement for MITER to acquire all outstanding shares of PGTI at a price of $42.00 per share in cash, or an enterprise value of approximately $3.1 billion. The purchase price represents a premium of 60% over PGTI's unaffected closing share price on October 9, 2023, the last trading day prior to the
PGT Innovations, Inc. ("PGTI" or the "Company") (NYSE:PGTI) today announced that its stockholders voted to approve the definitive merger agreement with MIWD Holding Company LLC ("MITER Brands") and an amendment to the Amended and Restated Certificate of Incorporation of the Company at a special meeting of the Company's stockholders. The final voting results for the special meeting was filed in a Form 8-K with the U.S. Securities and Exchange Commission on March 18, 2024. As previously announced, under the terms of the definitive merger agreement, MITER Brands will acquire all of the outstanding shares of PGTI common stock for $42.00 per share in cash. The transaction will be financed in pa
Gainers NuScale Power (NYSE:SMR) stock moved upwards by 24.6% to $4.3 during Monday's pre-market session. The market value of their outstanding shares is at $330.1 million. Global Industrial (NYSE:GIC) shares increased by 13.71% to $48.0. The market value of their outstanding shares is at $1.8 billion. As per the press release, Q4 earnings came out 2 days ago. Roma Green Finance (NASDAQ:ROMA) shares rose 12.49% to $1.53. The market value of their outstanding shares is at $15.9 million. SES AI (NYSE:SES) stock rose 11.01% to $1.86. The market value of their outstanding shares is at $662.0 million. Fusion Fuel Green (NASDAQ:HTOO) shares increased by 10.85% to $1.43. The market value of th
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PGT Innovations, Inc. ("PGTI" or the "Company") (NYSE:PGTI) today announced that MIWD Holding Company LLC ("MITER Brands") completed the acquisition of PGTI. The transaction was announced on January 17, 2024, and received approval of PGTI's stockholders on March 18, 2024. In accordance with the definitive merger agreement, PGTI stockholders will receive $42.00 in cash for each share of PGTI common stock. With the completion of the acquisition, PGTI's common stock has ceased trading and will no longer be listed on the NYSE. The transaction was financed in part by an equity investment from an affiliate of Koch Equity Development LLC ("KED"), the principal investment and acquisition arm of K
PGT Innovations, Inc. (NYSE:PGTI), a national leader in premium windows and doors, including impact-resistant products, garage doors, and products designed to unify indoor/outdoor living spaces, today announced financial results for its fourth quarter ended December 30, 2023. Financial Highlights for Fourth Quarter 2023 (All results reflect comparison to prior-year period; Cash on hand is compared to prior-year end) Net sales totaled $343 million, an increase of less than 1 percent. Net income was $5 million, a decrease of 38 percent. Adjusted net income* was $14 million, a decrease of 17 percent. Adjusted EBITDA* was $46 million, a decrease of 5 percent. Net income per c
Disciplined capital allocation will continue to support Doors That Do More™ strategy and drive enhanced shareholder value Masonite International Corporation ("Masonite" or the "Company") (NYSE:DOOR), a leading global designer, manufacturer, marketer and distributor of interior and exterior doors and premium door systems, today confirmed the termination of its previously announced definitive merger agreement to acquire PGT Innovations, Inc. ("PGT Innovations" or "PGTI") (NYSE:PGTI). This termination follows the Masonite Board of Directors' decision not to submit a revised offer to acquire PGT Innovations, after being notified that the PGTI Board had determined that a revised proposal from
Deutsche Bank initiated coverage of PGT Inc. with a rating of Buy and set a new price target of $38.00
JP Morgan reiterated coverage of PGT Innovations with a rating of Neutral and set a new price target of $26.00 from $27.00 previously