PGT Innovations Inc (NYSE:PGTI) Given Average Rating of “Buy” by Analysts

Shares of PGT Innovations Inc (NYSE:PGTI) have earned an average recommendation of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $22.17.

A number of equities analysts have issued reports on the company. Gabelli upgraded PGT Innovations from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Friday, August 2nd. Zacks Investment Research upgraded PGT Innovations from a “sell” rating to a “hold” rating and set a $20.00 target price on the stock in a report on Wednesday, October 9th. G.Research reiterated a “buy” rating on shares of PGT Innovations in a report on Friday, August 2nd. Finally, ValuEngine upgraded PGT Innovations from a “hold” rating to a “buy” rating in a report on Wednesday, October 9th.

In other PGT Innovations news, Director Rodney Hershberger sold 23,970 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $14.13, for a total transaction of $338,696.10. Following the transaction, the director now directly owns 1,234,230 shares in the company, valued at approximately $17,439,669.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brent Boydston acquired 2,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were bought at an average price of $14.00 per share, for a total transaction of $28,000.00. Following the completion of the purchase, the vice president now owns 25,176 shares in the company, valued at approximately $352,464. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 47,165 shares of company stock worth $738,804. 5.80% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new stake in shares of PGT Innovations during the 2nd quarter valued at $73,000. Redhawk Wealth Advisors Inc. purchased a new stake in PGT Innovations in the 2nd quarter worth about $79,000. Bank of Montreal Can increased its holdings in PGT Innovations by 18.8% in the 2nd quarter. Bank of Montreal Can now owns 5,956 shares of the construction company’s stock worth $100,000 after acquiring an additional 944 shares during the last quarter. Creative Planning purchased a new stake in PGT Innovations in the 2nd quarter worth about $173,000. Finally, Janus Henderson Group PLC purchased a new stake in PGT Innovations in the 2nd quarter worth about $188,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Shares of PGT Innovations stock traded down $0.01 on Friday, reaching $17.88. 8,040 shares of the company’s stock were exchanged, compared to its average volume of 368,822. The company has a market capitalization of $1.02 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 2.03 and a beta of 0.97. PGT Innovations has a 52 week low of $13.30 and a 52 week high of $24.16. The firm’s 50-day moving average is $16.63 and its two-hundred day moving average is $15.62. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.40 and a current ratio of 2.99.

PGT Innovations (NYSE:PGTI) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $199.00 million for the quarter, compared to analysts’ expectations of $206.34 million. PGT Innovations had a return on equity of 15.36% and a net margin of 6.48%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS. On average, analysts expect that PGT Innovations will post 0.93 EPS for the current fiscal year.

PGT Innovations Company Profile

PGT Innovations, Inc manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones.

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Analyst Recommendations for PGT Innovations (NYSE:PGTI)

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