PGT, Inc. (PGTI) Lifted to Buy at Dougherty & Co

PGT, Inc. (NYSE:PGTI) was upgraded by investment analysts at Dougherty & Co from a “neutral” rating to a “buy” rating in a research note issued on Friday, November 3rd, MarketBeat.com reports.

Several other research analysts also recently weighed in on PGTI. Raymond James Financial, Inc. downgraded shares of PGT from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th. FBR & Co reaffirmed a “buy” rating and set a $15.00 price objective (up previously from $13.00) on shares of PGT in a research note on Monday, August 21st. BidaskClub downgraded shares of PGT from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of PGT in a research note on Tuesday, September 12th. Finally, KeyCorp reaffirmed a “hold” rating on shares of PGT in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $16.67.

PGT (NYSE:PGTI) traded down $0.20 during trading hours on Friday, hitting $15.90. The stock had a trading volume of 217,257 shares, compared to its average volume of 318,716. The firm has a market cap of $792.09, a P/E ratio of 30.09, a PEG ratio of 1.73 and a beta of 1.16. The company has a quick ratio of 2.71, a current ratio of 3.67 and a debt-to-equity ratio of 1.50. PGT has a fifty-two week low of $10.00 and a fifty-two week high of $16.25.

PGT (NYSE:PGTI) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $126.90 million for the quarter, compared to analyst estimates of $129.82 million. PGT had a return on equity of 19.02% and a net margin of 4.87%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS. equities analysts forecast that PGT will post 0.57 EPS for the current year.

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In other PGT news, Director William J. Morgan sold 41,395 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $15.71, for a total value of $650,315.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.10% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in PGTI. Bank of New York Mellon Corp raised its position in shares of PGT by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 541,037 shares of the construction company’s stock valued at $5,815,000 after purchasing an additional 8,272 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of PGT by 4.8% in the 1st quarter. Ameriprise Financial Inc. now owns 255,445 shares of the construction company’s stock valued at $2,746,000 after purchasing an additional 11,760 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of PGT by 49.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 34,250 shares of the construction company’s stock valued at $368,000 after purchasing an additional 11,370 shares in the last quarter. Arizona State Retirement System raised its position in shares of PGT by 1.2% in the 1st quarter. Arizona State Retirement System now owns 25,535 shares of the construction company’s stock valued at $275,000 after purchasing an additional 300 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of PGT by 268.3% in the 1st quarter. Alliancebernstein L.P. now owns 191,500 shares of the construction company’s stock valued at $2,059,000 after purchasing an additional 139,500 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

About PGT

PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.

Analyst Recommendations for PGT (NYSE:PGTI)

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