Summary
Its business benefits from increased frequency of weather calamities.
It has ability to meet challenges created by raising interest rate/tariffs.
It has attractive valuation.
PGT Innovation is headquartered in North Venice, Florida and manufactures impact-resistant windows and doors to provide protection from hurricane-force winds and wind-borne debris. Other company products include non-impact windows with insulating glass for various climate zones, sliding panels for porch enclosures etc. Company has market cap over $1 billion, annual sales about $650 millions, 2,700 employees.
PGTI caught my attention when it appeared briefly in November on Investor’s Business Daily IBD 50 Stock Screen of leading growth stocks selected for strong relative price strength and superior fundamentals:
This image is from: Investor’s Business Daily November 12, 2018
