PGT Innovations (NYSE:PGTI) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of PGT Innovations (NYSE:PGTIGet Free Report) in a research report issued to clients and investors on Monday. The firm set a “buy” rating on the construction company’s stock.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. boosted their target price on PGT Innovations from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, December 14th. Truist Financial decreased their price objective on PGT Innovations from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, January 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $37.25.

Read Our Latest Stock Report on PGTI

PGT Innovations Stock Down 0.1 %

NYSE:PGTI opened at $41.25 on Monday. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 1.05 and a beta of 1.41. PGT Innovations has a twelve month low of $20.10 and a twelve month high of $41.97. The stock’s 50 day moving average price is $38.25 and its two-hundred day moving average price is $31.98. The company has a quick ratio of 1.61, a current ratio of 2.31 and a debt-to-equity ratio of 0.96.

PGT Innovations (NYSE:PGTIGet Free Report) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.06. The firm had revenue of $399.93 million for the quarter, compared to analyst estimates of $395.79 million. PGT Innovations had a return on equity of 18.98% and a net margin of 7.67%. Equities research analysts expect that PGT Innovations will post 2.16 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Rodney Hershberger sold 2,500 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $32.03, for a total transaction of $80,075.00. Following the completion of the sale, the director now directly owns 1,334,155 shares in the company, valued at approximately $42,732,984.65. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.90% of the company’s stock.

Hedge Funds Weigh In On PGT Innovations

Large investors have recently bought and sold shares of the company. Hudson Bay Capital Management LP acquired a new stake in PGT Innovations during the first quarter worth approximately $37,665,000. Millennium Management LLC boosted its holdings in PGT Innovations by 1,091.8% in the second quarter. Millennium Management LLC now owns 906,779 shares of the construction company’s stock worth $15,089,000 after acquiring an additional 830,693 shares in the last quarter. BlackRock Inc. boosted its holdings in PGT Innovations by 6.6% in the third quarter. BlackRock Inc. now owns 9,859,162 shares of the construction company’s stock worth $206,646,000 after acquiring an additional 610,447 shares in the last quarter. Nomura Holdings Inc. bought a new position in PGT Innovations in the first quarter worth approximately $14,689,000. Finally, Boston Partners bought a new position in PGT Innovations in the third quarter worth approximately $12,880,000. 82.66% of the stock is currently owned by institutional investors.

PGT Innovations Company Profile

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PGT Innovations, Inc, together with its subsidiaries manufactures and supplies 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.

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