PGT Innovations (PGTI) Stock Rating Upgraded by ValuEngine

PGT Innovations (NYSE:PGTI) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

Several other research firms have also weighed in on PGTI. Zacks Investment Research lowered shares of PGT Innovations from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 15th. Deutsche Bank initiated coverage on shares of PGT Innovations in a research note on Friday, October 19th. They set a “buy” rating and a $26.00 price objective on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of PGT Innovations in a research note on Tuesday, December 18th. They set a “neutral” rating and a $19.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $22.89.

PGT Innovations stock opened at $17.08 on Monday. The stock has a market cap of $980.93 million, a PE ratio of 28.00, a PEG ratio of 0.67 and a beta of 1.10. PGT Innovations has a fifty-two week low of $14.50 and a fifty-two week high of $26.40. The company has a current ratio of 2.82, a quick ratio of 2.16 and a debt-to-equity ratio of 0.99.

In other PGT Innovations news, Director Richard D. Feintuch sold 5,010 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $21.05, for a total transaction of $105,460.50. Following the transaction, the director now owns 101,810 shares in the company, valued at approximately $2,143,100.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Rodney Hershberger sold 34,851 shares of the stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $17.12, for a total transaction of $596,649.12. Following the transaction, the director now owns 1,106,139 shares in the company, valued at approximately $18,937,099.68. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of PGT Innovations by 6.4% during the 3rd quarter. BlackRock Inc. now owns 9,169,544 shares of the construction company’s stock worth $198,063,000 after purchasing an additional 549,893 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 917,089 shares during the period. Vanguard Group Inc lifted its holdings in shares of 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 acquiring an additional 917,089 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of PGT Innovations by 3.1% during the 3rd quarter. Renaissance Technologies LLC now owns 3,997,529 shares of the construction company’s stock worth $86,347,000 after acquiring an additional 119,800 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of PGT Innovations by 17.4% during the 3rd quarter. Jennison Associates LLC now owns 1,494,948 shares of the construction company’s stock worth $32,291,000 after acquiring an additional 221,377 shares during the period. Hedge funds and other institutional investors own 90.18% of the company’s stock.

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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