PGT Innovations Inc (PGTI) Receives Average Recommendation of “Buy” from Brokerages

Shares of PGT Innovations Inc (NYSE:PGTI) have earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $16.50.

PGTI has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “buy” rating on shares of PGT Innovations in a research note on Thursday, November 30th. B. Riley raised their target price on PGT Innovations from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Dougherty & Co upgraded PGT Innovations from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. SunTrust Banks restated a “buy” rating on shares of PGT Innovations in a research note on Tuesday, September 12th. Finally, BidaskClub upgraded PGT Innovations from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd.

PGT Innovations (NYSE PGTI) opened at $16.85 on Monday. The company has a market capitalization of $836.78, a P/E ratio of 36.63, a PEG ratio of 1.86 and a beta of 1.21. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.67 and a quick ratio of 2.71. PGT Innovations has a one year low of $10.00 and a one year high of $17.05.

PGT Innovations (NYSE:PGTI) last released its earnings results on Thursday, November 2nd. The construction company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.03). The firm had revenue of $126.90 million during the quarter, compared to analysts’ expectations of $129.82 million. PGT Innovations had a net margin of 4.87% and a return on equity of 19.02%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 EPS. analysts expect that PGT Innovations will post 0.56 earnings per share for the current year.

In other PGT Innovations news, Director William J. Morgan sold 41,395 shares of PGT Innovations stock in a transaction on Monday, November 20th. The stock was sold at an average price of $15.71, for a total transaction of $650,315.45. Following the completion of the transaction, the director now owns 75,508 shares in the company, valued at $1,186,230.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard D. Feintuch sold 50,000 shares of PGT Innovations stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $16.05, for a total value of $802,500.00. Following the transaction, the director now owns 75,508 shares of the company’s stock, valued at approximately $1,211,903.40. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. GSA Capital Partners LLP increased its holdings in shares of PGT Innovations by 111.0% in the 3rd quarter. GSA Capital Partners LLP now owns 23,111 shares of the construction company’s stock worth $346,000 after purchasing an additional 12,159 shares in the last quarter. Royce & Associates LP increased its holdings in shares of PGT Innovations by 9.2% in the 3rd quarter. Royce & Associates LP now owns 1,256,048 shares of the construction company’s stock worth $18,778,000 after purchasing an additional 105,700 shares in the last quarter. OxFORD Asset Management LLP increased its holdings in shares of PGT Innovations by 16.5% in the 3rd quarter. OxFORD Asset Management LLP now owns 101,005 shares of the construction company’s stock worth $1,506,000 after purchasing an additional 14,315 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of PGT Innovations by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,526,455 shares of the construction company’s stock worth $37,770,000 after purchasing an additional 74,185 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of PGT Innovations by 7.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 226,166 shares of the construction company’s stock worth $3,382,000 after purchasing an additional 14,717 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

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PGT Innovations Company Profile

PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.

Analyst Recommendations for PGT Innovations (NYSE:PGTI)

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