PGT Innovations (NYSE:PGTI) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of PGT Innovations (NYSE:PGTIFree Report) in a research note released on Tuesday. The brokerage issued a buy rating on the construction company’s stock.

PGTI has been the topic of a number of other reports. Truist Financial dropped their price target on shares of PGT Innovations from $43.00 to $42.00 and set a hold rating on the stock in a research report on Thursday, January 18th. JPMorgan Chase & Co. lifted their price objective on shares of PGT Innovations from $33.00 to $37.00 and gave the stock a neutral rating in a research report on Thursday, December 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, PGT Innovations presently has an average rating of Moderate Buy and a consensus price target of $37.25.

Read Our Latest Stock Analysis on PGT Innovations

PGT Innovations Price Performance

PGTI opened at $41.99 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.45 and a quick ratio of 1.61. The company’s 50-day moving average is $41.63 and its 200 day moving average is $36.45. PGT Innovations has a fifty-two week low of $22.66 and a fifty-two week high of $42.00. The firm has a market capitalization of $2.40 billion, a P/E ratio of 23.07, a PEG ratio of 1.05 and a beta of 1.44.

PGT Innovations (NYSE:PGTIGet Free Report) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.11). PGT Innovations had a net margin of 7.25% and a return on equity of 18.46%. The firm had revenue of $342.50 million for the quarter, compared to the consensus estimate of $339.15 million. During the same period in the previous year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Research analysts expect that PGT Innovations will post 2.48 earnings per share for the current fiscal year.

Institutional Trading of PGT Innovations

A number of institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in shares of PGT Innovations by 11.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 10,481 shares of the construction company’s stock valued at $188,000 after purchasing an additional 1,056 shares in the last quarter. Raymond James & Associates purchased a new stake in shares of PGT Innovations in the 1st quarter valued at $394,000. Bank of New York Mellon Corp boosted its stake in shares of PGT Innovations by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 617,915 shares of the construction company’s stock valued at $11,110,000 after purchasing an additional 3,850 shares in the last quarter. Citigroup Inc. boosted its stake in shares of PGT Innovations by 6.8% in the 1st quarter. Citigroup Inc. now owns 61,937 shares of the construction company’s stock valued at $1,114,000 after purchasing an additional 3,964 shares in the last quarter. Finally, Natixis Advisors L.P. purchased a new stake in shares of PGT Innovations in the 1st quarter valued at $205,000. 81.60% of the stock is currently owned by hedge funds and other institutional investors.

PGT Innovations Company Profile

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PGT Innovations, Inc, together with its subsidiaries, engages in the manufacture and supply of impact-resistant aluminum frame windows and doors in the United States and internationally. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact resistant vinyl windows with insulating glass and multi-chambered frames for various climate zones.

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