PGT (PGTI) Given New $18.00 Price Target at B. Riley

PGT (NYSE:PGTI) had its price objective lifted by analysts at B. Riley from $15.00 to $18.00 in a research note issued to investors on Wednesday, November 15th, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the construction company’s stock. B. Riley’s target price indicates a potential upside of 10.77% from the company’s previous close. B. Riley also issued estimates for PGT’s Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.56 EPS and FY2018 earnings at $0.74 EPS.

A number of other research analysts have also issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $17.00 target price on shares of PGT in a research report on Wednesday, November 15th. BidaskClub upgraded PGT from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Dougherty & Co upgraded PGT from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. SunTrust Banks restated a “buy” rating on shares of PGT in a report on Tuesday, September 12th. Finally, KeyCorp restated a “hold” rating on shares of PGT in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.67.

PGT (PGTI) traded up $0.05 during trading on Wednesday, reaching $16.25. The company’s stock had a trading volume of 265,685 shares, compared to its average volume of 318,239. PGT has a 1-year low of $10.00 and a 1-year high of $16.50. The stock has a market cap of $804.50, a price-to-earnings ratio of 30.57, a PEG ratio of 1.76 and a beta of 1.21. The company has a current ratio of 3.67, a quick ratio of 2.71 and a debt-to-equity ratio of 1.50.

PGT (NYSE:PGTI) last announced its earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). PGT had a net margin of 4.87% and a return on equity of 19.02%. The business had revenue of $126.90 million for the quarter, compared to analysts’ expectations of $129.82 million. During the same quarter last year, the business earned $0.19 EPS. The company’s quarterly revenue was down 2.2% on a year-over-year basis. sell-side analysts forecast that PGT will post 0.57 earnings per share for the current fiscal year.

In other PGT news, Director Richard D. Feintuch sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $16.05, for a total value of $802,500.00. Following the completion of the sale, the director now directly owns 75,508 shares of the company’s stock, valued at approximately $1,211,903.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Morgan sold 41,395 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $15.71, for a total value of $650,315.45. Following the completion of the sale, the director now directly owns 75,508 shares of the company’s stock, valued at $1,186,230.68. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP increased its stake in shares of PGT by 111.0% in the 3rd quarter. GSA Capital Partners LLP now owns 23,111 shares of the construction company’s stock worth $346,000 after acquiring an additional 12,159 shares during the last quarter. Royce & Associates LP increased its stake in shares of PGT by 9.2% in the 3rd quarter. Royce & Associates LP now owns 1,256,048 shares of the construction company’s stock worth $18,778,000 after acquiring an additional 105,700 shares during the last quarter. OxFORD Asset Management LLP increased its stake in shares of PGT by 16.5% in the 3rd quarter. OxFORD Asset Management LLP now owns 101,005 shares of the construction company’s stock worth $1,506,000 after acquiring an additional 14,315 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PGT by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,526,455 shares of the construction company’s stock worth $37,770,000 after acquiring an additional 74,185 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of PGT by 7.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 226,166 shares of the construction company’s stock worth $3,382,000 after acquiring an additional 14,717 shares during the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

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PGT Company Profile

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 (NYSE:PGTI)

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