PGT Innovations (PGTI) – Analysts’ Recent Ratings Updates

PGT Innovations (NYSE: PGTI) has recently received a number of price target changes and ratings updates:

  • 3/5/2019 – PGT Innovations was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “PGT INDUSTRIES pioneered the U.S. impact-resistant window and door industry and today is the nation’s leading manufacturer and supplier of residential impact-resistant windows and doors. PGT is also one of the largest window and door manufacturers in the United States. The company’s total line of custom windows and doors is now available throughout the eastern United States, the Gulf Coast and in a growing international market, which includes the Caribbean, South America and Australia. PGT’s product line includes PGT Aluminum and Vinyl Windows and Doors; WinGuard Impact-Resistant Windows and Doors; PGT Architectural Systems; and Eze-Breeze Sliding Panels. PGT Industries is a wholly owned subsidiary of PGT, Inc. “
  • 2/28/2019 – PGT Innovations was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 2/28/2019 – PGT Innovations was downgraded by analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating.
  • 2/28/2019 – PGT Innovations had its “buy” rating reaffirmed by analysts at Dougherty & Co. They now have a $22.00 price target on the stock, down previously from $27.00.
  • 2/4/2019 – PGT Innovations was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/16/2019 – PGT Innovations was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PGT INDUSTRIES pioneered the U.S. impact-resistant window and door industry and today is the nation’s leading manufacturer and supplier of residential impact-resistant windows and doors. PGT is also one of the largest window and door manufacturers in the United States. The company’s total line of custom windows and doors is now available throughout the eastern United States, the Gulf Coast and in a growing international market, which includes the Caribbean, South America and Australia. PGT’s product line includes PGT Aluminum and Vinyl Windows and Doors; WinGuard Impact-Resistant Windows and Doors; PGT Architectural Systems; and Eze-Breeze Sliding Panels. PGT Industries is a wholly owned subsidiary of PGT, Inc. “
  • 1/15/2019 – PGT Innovations was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “PGT INDUSTRIES pioneered the U.S. impact-resistant window and door industry and today is the nation’s leading manufacturer and supplier of residential impact-resistant windows and doors. PGT is also one of the largest window and door manufacturers in the United States. The company’s total line of custom windows and doors is now available throughout the eastern United States, the Gulf Coast and in a growing international market, which includes the Caribbean, South America and Australia. PGT’s product line includes PGT Aluminum and Vinyl Windows and Doors; WinGuard Impact-Resistant Windows and Doors; PGT Architectural Systems; and Eze-Breeze Sliding Panels. PGT Industries is a wholly owned subsidiary of PGT, Inc. “
  • 1/9/2019 – PGT Innovations was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “PGT INDUSTRIES pioneered the U.S. impact-resistant window and door industry and today is the nation’s leading manufacturer and supplier of residential impact-resistant windows and doors. PGT is also one of the largest window and door manufacturers in the United States. The company’s total line of custom windows and doors is now available throughout the eastern United States, the Gulf Coast and in a growing international market, which includes the Caribbean, South America and Australia. PGT’s product line includes PGT Aluminum and Vinyl Windows and Doors; WinGuard Impact-Resistant Windows and Doors; PGT Architectural Systems; and Eze-Breeze Sliding Panels. PGT Industries is a wholly owned subsidiary of PGT, Inc. “

PGTI stock traded down $0.13 during midday trading on Thursday, reaching $14.05. 546,448 shares of the stock were exchanged, compared to its average volume of 532,445. The firm has a market capitalization of $817.53 million, a P/E ratio of 11.91, a P/E/G ratio of 0.70 and a beta of 1.10. PGT Innovations Inc has a 52 week low of $13.94 and a 52 week high of $26.40. The company has a quick ratio of 2.16, a current ratio of 2.82 and a debt-to-equity ratio of 0.99.

PGT Innovations (NYSE:PGTI) last issued its quarterly earnings data on Wednesday, February 27th. The construction company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $189.89 million for the quarter, compared to analyst estimates of $173.39 million. PGT Innovations had a return on equity of 25.71% and a net margin of 9.92%. PGT Innovations’s quarterly revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS. As a group, equities research analysts expect that PGT Innovations Inc will post 1.05 EPS for the current fiscal year.

In other news, insider Jeffrey T. Jackson acquired 3,000 shares of PGT Innovations stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average price of $14.35 per share, for a total transaction of $43,050.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Feintuch bought 4,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were bought at an average cost of $14.54 per share, for a total transaction of $58,160.00. Following the completion of the acquisition, the director now directly owns 98,300 shares in the company, valued at approximately $1,429,282. The disclosure for this purchase can be found here. Insiders own 5.80% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in PGT Innovations by 2.2% during the 4th quarter. BlackRock Inc. now owns 9,374,583 shares of the construction company’s stock worth $148,590,000 after buying an additional 205,039 shares during the period. Vanguard Group Inc. lifted its holdings in PGT Innovations by 27.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,248,982 shares of the construction company’s stock worth $91,777,000 after buying an additional 917,089 shares during the period. Vanguard Group Inc lifted its holdings in PGT Innovations by 27.5% during the 3rd quarter. Vanguard Group Inc now owns 4,248,982 shares of the construction company’s stock worth $91,777,000 after buying an additional 917,089 shares during the period. Renaissance Technologies LLC lifted its stake in shares of PGT Innovations by 3.1% in the 3rd quarter. Renaissance Technologies LLC now owns 3,997,529 shares of the construction company’s stock valued at $86,347,000 after purchasing an additional 119,800 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of PGT Innovations by 1.5% in the 4th quarter. Jennison Associates LLC now owns 1,517,798 shares of the construction company’s stock valued at $24,057,000 after purchasing an additional 22,850 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

PGT Innovations, Inc manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company 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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