PGT Innovations (NYSE:PGTI)‘s stock had its “buy” rating reiterated by stock analysts at SunTrust Banks in a report released on Friday. They presently have a $19.00 price objective on the construction company’s stock. SunTrust Banks’ price target would suggest a potential upside of 4.97% from the stock’s current price. SunTrust Banks also issued estimates for PGT Innovations’ Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.22 EPS and FY2018 earnings at $0.88 EPS.
PGTI has been the subject of several other research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $17.00 price target on shares of PGT Innovations in a research report on Wednesday, November 15th. B. Riley upped their price target on shares of PGT Innovations from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday. Finally, Dougherty & Co reiterated a “buy” rating and issued a $19.00 price target (up previously from $18.00) on shares of PGT Innovations in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $18.00.
PGT Innovations (NYSE PGTI) traded up $0.40 during mid-day trading on Friday, reaching $18.10. 837,576 shares of the company traded hands, compared to its average volume of 317,936. PGT Innovations has a 1 year low of $10.00 and a 1 year high of $18.65. The stock has a market cap of $898.86, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.40 and a beta of 1.06. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.71 and a current ratio of 3.49.
PGT Innovations (NYSE:PGTI) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. PGT Innovations had a net margin of 7.80% and a return on equity of 20.52%. The firm had revenue of $134.10 million during the quarter, compared to the consensus estimate of $118.32 million. During the same quarter in the prior year, the firm earned $0.10 EPS. PGT Innovations’s revenue for the quarter was up 22.5% on a year-over-year basis. research analysts anticipate that PGT Innovations will post 0.78 EPS for the current year.
Institutional investors have recently made changes to their positions in the business. Empirical Finance LLC purchased a new position in PGT Innovations during the 3rd quarter worth $160,000. Campbell & CO Investment Adviser LLC purchased a new position in PGT Innovations during the 3rd quarter worth $170,000. State Board of Administration of Florida Retirement System purchased a new position in PGT Innovations during the 3rd quarter worth $177,000. Raymond James & Associates purchased a new position in PGT Innovations during the 4th quarter worth $200,000. Finally, Stone Ridge Asset Management LLC purchased a new position in PGT Innovations during the 4th quarter worth $200,000. Institutional investors own 88.32% of the company’s stock.
About PGT Innovations
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.
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