PGT Innovations Inc (NASDAQ:PGTI) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday.

Several other equities analysts have also recently issued reports on the stock. TheStreet upgraded shares of PGT Innovations from a “c+” rating to a “b-” rating in a research note on Thursday, June 22nd. SunTrust Banks, Inc. restated a “buy” rating on shares of PGT Innovations in a research report on Tuesday, September 12th. FBR & Co restated a “buy” rating and set a $15.00 price target (up previously from $13.00) on shares of PGT Innovations in a research report on Monday, August 21st. KeyCorp reaffirmed a “hold” rating on shares of PGT Innovations in a report on Tuesday, September 26th. Finally, Raymond James Financial, Inc. cut shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. PGT Innovations presently has a consensus rating of “Buy” and an average price target of $14.00.

PGT Innovations (NASDAQ:PGTI) opened at 14.95 on Tuesday. The firm’s 50-day moving average is $13.66 and its 200 day moving average is $12.25. PGT Innovations has a one year low of $9.50 and a one year high of $15.00. The stock has a market cap of $741.55 million, a P/E ratio of 26.74 and a beta of 0.93.

PGT Innovations (NASDAQ:PGTI) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The business had revenue of $137.38 million for the quarter, compared to analyst estimates of $127.79 million. PGT Innovations had a return on equity of 28.98% and a net margin of 7.46%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. On average, analysts anticipate that PGT Innovations will post $0.59 EPS for the current fiscal year.

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In other PGT Innovations news, Director Brett N. Milgrim sold 8,894 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $13.10, for a total transaction of $116,511.40. Following the completion of the transaction, the director now directly owns 55,760 shares in the company, valued at $730,456. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard D. Feintuch sold 49,459 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $13.19, for a total transaction of $652,364.21. Following the transaction, the director now owns 81,051 shares of the company’s stock, valued at $1,069,062.69. The disclosure for this sale can be found here. Insiders have sold a total of 66,675 shares of company stock worth $879,808 in the last quarter. Insiders own 6.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its position in shares of PGT Innovations by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the construction company’s stock valued at $257,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System raised its position in shares of PGT Innovations by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 25,735 shares of the construction company’s stock worth $329,000 after purchasing an additional 200 shares during the last quarter. Texas Permanent School Fund raised its position in shares of PGT Innovations by 1.7% during the 2nd quarter. Texas Permanent School Fund now owns 36,083 shares of the construction company’s stock worth $462,000 after purchasing an additional 609 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of PGT Innovations by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 11,457 shares of the construction company’s stock worth $123,000 after purchasing an additional 750 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of PGT Innovations by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 128,064 shares of the construction company’s stock worth $1,639,000 after purchasing an additional 973 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

PGT Innovations Company Profile

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 Innovations (NASDAQ:PGTI)

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