Zacks Investment Research cut shares of PGT Innovations (NYSE:PGTI) from a hold rating to a strong sell rating in a report published on Thursday, Zacks.com reports.

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. “

PGTI has been the topic of several other research reports. Gabelli raised PGT Innovations from a hold rating to a buy rating and set a $22.00 price target on the stock in a research note on Friday, August 2nd. ValuEngine lowered PGT Innovations from a buy rating to a hold rating in a research note on Friday, November 8th. Finally, G.Research reaffirmed a buy rating on shares of PGT Innovations in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. PGT Innovations has a consensus rating of Hold and an average target price of $21.00.

PGTI stock traded down $0.22 during trading on Thursday, hitting $14.56. The company had a trading volume of 347,096 shares, compared to its average volume of 485,829. The company has a fifty day moving average price of $17.18 and a two-hundred day moving average price of $16.01. The company has a current ratio of 3.56, a quick ratio of 2.83 and a debt-to-equity ratio of 0.92. The company has a market cap of $859.72 million, a P/E ratio of 12.34, a P/E/G ratio of 2.21 and a beta of 0.98. PGT Innovations has a fifty-two week low of $13.30 and a fifty-two week high of $19.65.

PGT Innovations (NYSE:PGTI) last announced its quarterly earnings results on Thursday, November 7th. The construction company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.02). The company had revenue of $197.82 million during the quarter, compared to analyst estimates of $196.78 million. PGT Innovations had a net margin of 6.69% and a return on equity of 13.67%. PGT Innovations’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. On average, analysts expect that PGT Innovations will post 0.82 earnings per share for the current year.

In other PGT Innovations news, Director Rodney Hershberger sold 23,970 shares of PGT Innovations stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $14.13, for a total value of $338,696.10. Following the completion of the transaction, the director now owns 1,234,230 shares in the company, valued at approximately $17,439,669.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert Andrew Keller acquired 3,500 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was acquired at an average price of $14.15 per share, with a total value of $49,525.00. Following the transaction, the insider now owns 29,328 shares in the company, valued at approximately $414,991.20. The disclosure for this purchase can be found here. In the last quarter, insiders sold 58,695 shares of company stock valued at $945,882. Corporate insiders own 5.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new stake in shares of PGT Innovations during the second quarter worth $73,000. Oppenheimer Asset Management Inc. bought a new stake in shares of PGT Innovations during the third quarter worth $76,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of PGT Innovations during the second quarter worth $79,000. Bank of Montreal Can raised its position in shares of PGT Innovations by 18.8% during the second quarter. Bank of Montreal Can now owns 5,956 shares of the construction company’s stock worth $100,000 after acquiring an additional 944 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of PGT Innovations by 95.2% during the third quarter. Tower Research Capital LLC TRC now owns 8,578 shares of the construction company’s stock worth $148,000 after acquiring an additional 4,184 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

PGT Innovations Company Profile

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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