PGT Innovations Inc (PGTI) Given Average Rating of “Hold” by Brokerages

Shares of PGT Innovations Inc (NASDAQ:PGTI) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $14.00.

Several equities research analysts have recently issued reports on the company. BidaskClub lowered PGT Innovations from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. KeyCorp reaffirmed a “hold” rating on shares of PGT Innovations in a research note on Tuesday, September 26th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of PGT Innovations in a research note on Tuesday, September 12th. FBR & Co reaffirmed a “buy” rating and issued a $15.00 price objective (up from $13.00) on shares of PGT Innovations in a research note on Monday, August 21st. Finally, Raymond James Financial, Inc. lowered PGT Innovations from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th.

PGT Innovations (NASDAQ PGTI) traded up 0.69% during mid-day trading on Wednesday, reaching $14.55. The company had a trading volume of 37,203 shares. PGT Innovations has a 1-year low of $9.50 and a 1-year high of $15.10. The company has a market capitalization of $721.71 million, a PE ratio of 26.03 and a beta of 0.93. The firm has a 50-day moving average of $14.19 and a 200 day moving average of $12.54.

PGT Innovations (NASDAQ:PGTI) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The business had revenue of $137.38 million during the quarter, compared to analyst estimates of $127.79 million. PGT Innovations had a return on equity of 28.98% and a net margin of 7.46%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. On average, analysts predict that PGT Innovations will post $0.59 earnings per share for the current fiscal year.

In related news, Director Richard D. Feintuch sold 49,459 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $13.19, for a total transaction of $652,364.21. Following the completion of the sale, the director now directly owns 81,051 shares of the company’s stock, valued at approximately $1,069,062.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brett N. Milgrim sold 8,894 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $13.10, for a total value of $116,511.40. Following the sale, the director now directly owns 55,760 shares of the company’s stock, valued at $730,456. The disclosure for this sale can be found here. Insiders sold a total of 66,675 shares of company stock valued at $879,808 over the last ninety days. Corporate insiders own 6.50% of the company’s stock.

Several hedge funds have recently modified their holdings of PGTI. Bank of New York Mellon Corp lifted its stake in shares of PGT Innovations by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 541,037 shares of the construction company’s stock worth $5,815,000 after acquiring an additional 8,272 shares during the last quarter. Sei Investments Co. lifted its stake in shares of PGT Innovations by 19.2% during the 1st quarter. Sei Investments Co. now owns 24,444 shares of the construction company’s stock worth $263,000 after acquiring an additional 3,934 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of PGT Innovations by 4.8% during the 1st quarter. Ameriprise Financial Inc. now owns 255,445 shares of the construction company’s stock worth $2,746,000 after acquiring an additional 11,760 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of PGT Innovations by 49.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 34,250 shares of the construction company’s stock worth $368,000 after acquiring an additional 11,370 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its stake in shares of PGT Innovations by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 11,457 shares of the construction company’s stock worth $123,000 after acquiring an additional 750 shares during the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for PGT Innovations (NASDAQ:PGTI)

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