PGT Innovations Inc (NYSE:PGTI) has been given an average recommendation of “Buy” by the ten research firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $23.38.
Several research firms have recently weighed in on PGTI. Zacks Investment Research raised PGT Innovations from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, December 18th. ValuEngine upgraded PGT Innovations from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. Deutsche Bank upped their price target on PGT Innovations from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. JPMorgan Chase & Co. assumed coverage on PGT Innovations in a research note on Tuesday, December 18th. They set a “neutral” rating and a $19.00 price target for the company. Finally, Wells Fargo & Co assumed coverage on PGT Innovations in a research note on Thursday, October 4th. They set an “outperform” rating and a $25.00 price target for the company.
PGTI stock opened at $16.91 on Friday. The company has a market capitalization of $976.87 million, a PE ratio of 27.72, a PEG ratio of 0.66 and a beta of 1.08. PGT Innovations has a twelve month low of $14.50 and a twelve month high of $26.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.82 and a quick ratio of 2.16.
In other PGT Innovations news, Director Richard D. Feintuch sold 5,010 shares of the stock in a transaction on Friday, November 9th. The stock was sold at an average price of $21.05, for a total value of $105,460.50. Following the completion of the transaction, the director now owns 101,810 shares in the company, valued at $2,143,100.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rodney Hershberger sold 34,851 shares of the stock in a transaction on Friday, December 14th. The stock was sold at an average price of $17.12, for a total value of $596,649.12. Following the completion of the transaction, the director now owns 1,106,139 shares of the company’s stock, valued at approximately $18,937,099.68. The disclosure for this sale can be found here. 5.80% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Zacks Investment Management purchased a new position in PGT Innovations in the second quarter worth $1,465,000. Bank of Montreal Can raised its position in PGT Innovations by 21.0% in the third quarter. Bank of Montreal Can now owns 81,502 shares of the construction company’s stock worth $1,760,000 after acquiring an additional 14,167 shares in the last quarter. First Trust Advisors LP raised its position in PGT Innovations by 18.9% in the second quarter. First Trust Advisors LP now owns 57,175 shares of the construction company’s stock worth $1,192,000 after acquiring an additional 9,083 shares in the last quarter. Logan Capital Management Inc. purchased a new position in PGT Innovations in the third quarter worth $2,290,000. Finally, Summit Global Investments raised its position in PGT Innovations by 10.4% in the third quarter. Summit Global Investments now owns 35,000 shares of the construction company’s stock worth $756,000 after acquiring an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 88.34% of the company’s stock.
PGT Innovations Company Profile
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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