PGT Innovations (PGTI) Price Target Raised to $28.00 at Deutsche Bank

PGT Innovations (NYSE:PGTI) had its target price upped by Deutsche Bank from $26.00 to $28.00 in a report released on Monday morning. Deutsche Bank currently has a buy rating on the construction company’s stock.

Several other research analysts also recently commented on PGTI. B. Riley raised their price objective on PGT Innovations from $20.00 to $28.00 and gave the stock a buy rating in a research note on Wednesday, July 25th. ValuEngine downgraded PGT Innovations from a buy rating to a hold rating in a research note on Tuesday, September 18th. Wells Fargo & Co initiated coverage on PGT Innovations in a research note on Thursday, October 4th. They issued an outperform rating and a $25.00 price objective on the stock. Finally, Jefferies Financial Group initiated coverage on PGT Innovations in a research note on Thursday, October 4th. They issued a buy rating and a $27.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. PGT Innovations presently has a consensus rating of Buy and a consensus price target of $22.89.

Shares of NYSE PGTI traded down $0.11 during trading on Monday, hitting $20.98. The company had a trading volume of 11,725 shares, compared to its average volume of 1,168,664. 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 has a 12 month low of $14.50 and a 12 month high of $26.40. The company has a market capitalization of $1.30 billion, a P/E ratio of 34.74, a price-to-earnings-growth ratio of 1.07 and a beta of 0.89.

PGT Innovations (NYSE:PGTI) last posted its quarterly earnings data on Thursday, November 1st. The construction company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.26 by $0.12. PGT Innovations had a return on equity of 25.71% and a net margin of 9.92%. The firm had revenue of $199.08 million for the quarter, compared to the consensus estimate of $165.62 million. During the same quarter last year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was up 56.9% compared to the same quarter last year. Research analysts anticipate that PGT Innovations will post 1.18 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alambic Investment Management L.P. raised its stake in PGT Innovations by 5.4% during the 2nd quarter. Alambic Investment Management L.P. now owns 49,200 shares of the construction company’s stock valued at $1,026,000 after purchasing an additional 2,500 shares during the period. Louisiana State Employees Retirement System raised its stake in PGT Innovations by 14.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 25,600 shares of the construction company’s stock valued at $553,000 after purchasing an additional 3,200 shares during the period. Texas Permanent School Fund raised its stake in PGT Innovations by 13.0% during the 3rd quarter. Texas Permanent School Fund now owns 36,439 shares of the construction company’s stock valued at $787,000 after purchasing an additional 4,184 shares during the period. Rhumbline Advisers raised its stake in PGT Innovations by 4.1% during the 2nd quarter. Rhumbline Advisers now owns 117,800 shares of the construction company’s stock valued at $2,456,000 after purchasing an additional 4,672 shares during the period. Finally, Legal & General Group Plc raised its stake in PGT Innovations by 6.3% during the 2nd quarter. Legal & General Group Plc now owns 98,290 shares of the construction company’s stock valued at $2,041,000 after purchasing an additional 5,800 shares during the period. 79.38% of the stock is currently owned by institutional investors.

About PGT Innovations

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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Analyst Recommendations for PGT Innovations (NYSE:PGTI)

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