PGT Innovations (NYSE:PGTI) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of PGT Innovations (NYSE:PGTI) in a research report report published on Monday morning. The brokerage issued a buy rating on the construction company’s stock.

Several other research analysts have also commented on the company. JPMorgan Chase & Co. raised their price target on PGT Innovations from $33.00 to $37.00 and gave the stock a neutral rating in a research report on Thursday, December 14th. Truist Financial lowered their price target on PGT Innovations from $43.00 to $42.00 and set a hold rating for the company in a research report on Thursday, January 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, PGT Innovations currently has an average rating of Moderate Buy and an average target price of $37.25.

PGT Innovations Price Performance

Shares of PGT Innovations stock opened at $41.99 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.45 and a quick ratio of 1.61. The business has a 50 day simple moving average of $41.58 and a two-hundred day simple moving average of $36.01. The stock has a market capitalization of $2.40 billion, a P/E ratio of 23.07, a PEG ratio of 1.07 and a beta of 1.44. PGT Innovations has a 12 month low of $22.66 and a 12 month high of $42.00.

PGT Innovations (NYSE:PGTI) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.11). The company had revenue of $342.50 million during the quarter, compared to analysts’ expectations of $339.15 million. PGT Innovations had a net margin of 7.25% and a return on equity of 18.46%. PGT Innovations’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. As a group, analysts predict that PGT Innovations will post 2.45 EPS for the current fiscal year.

Institutional Trading of PGT Innovations

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust raised its stake in PGT Innovations by 367.5% in the third quarter. Parkside Financial Bank & Trust now owns 1,066 shares of the construction company’s stock valued at $30,000 after buying an additional 838 shares in the last quarter. Money Concepts Capital Corp acquired a new stake in PGT Innovations in the fourth quarter valued at $27,000. West Tower Group LLC purchased a new position in shares of PGT Innovations during the second quarter worth about $45,000. SRS Capital Advisors Inc. purchased a new position in shares of PGT Innovations during the third quarter worth about $44,000. Finally, Quest Partners LLC purchased a new position in shares of PGT Innovations during the fourth quarter worth about $81,000. 81.60% of the stock is currently owned by institutional investors and hedge funds.

PGT Innovations Company Profile

PGT Innovations, Inc, together with its subsidiaries, engages in the manufacture and supply of impact-resistant aluminum frame windows and doors in the United States and internationally. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact resistant vinyl windows with insulating glass and multi-chambered frames for various climate zones.