PGT Innovations (PGTI) – Investment Analysts’ Weekly Ratings Changes

PGT Innovations (NYSE: PGTI) recently received a number of ratings updates from brokerages and research firms:

  • 6/8/2019 – 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. “
  • 6/7/2019 – PGT Innovations was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 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. “
  • 5/31/2019 – 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. “
  • 5/30/2019 – PGT Innovations was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $17.00 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. “
  • 5/8/2019 – PGT Innovations was upgraded by analysts at Zacks Investment Research from a “sell” 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. “
  • 5/7/2019 – PGT Innovations was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 5/6/2019 – PGT Innovations had its price target raised by analysts at KeyCorp from $20.00 to $22.00. They now have an “overweight” rating on the stock.

PGT Innovations stock opened at $15.82 on Wednesday. The company has a current ratio of 3.03, a quick ratio of 2.28 and a debt-to-equity ratio of 0.99. The company has a market cap of $927.72 million, a price-to-earnings ratio of 13.41, a PEG ratio of 1.18 and a beta of 0.96. PGT Innovations Inc has a fifty-two week low of $13.35 and a fifty-two week high of $26.40.

PGT Innovations (NYSE:PGTI) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The business had revenue of $174.00 million for the quarter, compared to analysts’ expectations of $175.14 million. PGT Innovations had a return on equity of 18.46% and a net margin of 7.49%. The business’s revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 EPS. As a group, analysts forecast that PGT Innovations Inc will post 1.01 earnings per share for the current year.

In other PGT Innovations news, Director Rodney Hershberger sold 23,690 shares of PGT Innovations stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $15.13, for a total transaction of $358,429.70. Following the sale, the director now directly owns 1,150,200 shares of the company’s stock, valued at approximately $17,402,526. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 52,043 shares of company stock worth $769,503. Insiders own 4.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. GYL Financial Synergies LLC bought a new stake in shares of PGT Innovations in the 1st quarter worth approximately $421,000. Man Group plc bought a new stake in shares of PGT Innovations in the 1st quarter worth approximately $197,000. Macquarie Group Ltd. boosted its position in shares of PGT Innovations by 1.3% in the 1st quarter. Macquarie Group Ltd. now owns 83,860 shares of the construction company’s stock worth $1,161,000 after purchasing an additional 1,082 shares in the last quarter. SEI Investments Co boosted its position in shares of PGT Innovations by 109.0% in the 1st quarter. SEI Investments Co now owns 73,160 shares of the construction company’s stock worth $1,013,000 after purchasing an additional 38,150 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new stake in shares of PGT Innovations in the 1st quarter worth approximately $124,000. 89.41% of the stock is currently owned by institutional investors and hedge funds.

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