Analysts Set PGT Innovations Inc (PGTI) Price Target at $23.38

Share on StockTwits

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.

PGT Innovations (NYSE:PGTI) last posted its quarterly earnings data on Thursday, November 1st. The construction company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.12. The business had revenue of $199.08 million during the quarter, compared to the consensus estimate of $165.62 million. PGT Innovations had a return on equity of 25.71% and a net margin of 9.92%. The company’s revenue was up 56.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. On average, sell-side analysts predict that PGT Innovations will post 1.17 EPS for the current year.

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.

Read More: Consumer behavior in bull markets

Analyst Recommendations for PGT Innovations (NYSE:PGTI)

Receive News & Ratings for PGT Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PGT Innovations and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.