PGT Innovations, Inc. (NYSE:PGTI)‘s stock had its “buy” rating reiterated by stock analysts at Royal Bank Of Canada in a research note issued on Wednesday. They currently have a $17.00 target price on the construction company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 10.75% from the company’s current price.
A number of other brokerages have also weighed in on PGTI. B. Riley reissued a “buy” rating on shares of PGT Innovations in a research report on Wednesday, November 1st. Raymond James Financial, Inc. lowered PGT Innovations from an “outperform” rating to a “market perform” rating in a research report on Friday, August 4th. FBR & Co reissued a “buy” rating and issued a $15.00 target price (up previously from $13.00) on shares of PGT Innovations in a research report on Monday, August 21st. KeyCorp reissued a “hold” rating on shares of PGT Innovations in a research report on Tuesday, September 26th. Finally, BidaskClub raised PGT Innovations from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $16.00.
PGT Innovations (NYSE:PGTI) opened at $15.35 on Wednesday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 2.76 and a current ratio of 3.72. PGT Innovations has a 52-week low of $10.00 and a 52-week high of $15.38.
PGT Innovations (NYSE:PGTI) last posted 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 company had revenue of $126.90 million during the quarter, compared to analysts’ expectations of $129.82 million. PGT Innovations had a return on equity of 28.98% and a net margin of 7.46%. PGT Innovations’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS.
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Several institutional investors have recently added to or reduced their stakes in PGTI. Gamco Investors INC. ET AL grew its stake in shares of PGT Innovations by 40.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 34,600 shares of the construction company’s stock valued at $443,000 after acquiring an additional 10,000 shares during the period. Capital Research Global Investors bought a new position in shares of PGT Innovations during the 2nd quarter valued at approximately $2,041,000. Schwab Charles Investment Management Inc. grew its stake in shares of PGT Innovations by 5.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 209,171 shares of the construction company’s stock valued at $2,249,000 after acquiring an additional 11,238 shares during the period. Vanguard Group Inc. grew its stake in shares of PGT Innovations by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 2,503,414 shares of the construction company’s stock valued at $26,912,000 after acquiring an additional 140,242 shares during the period. Finally, TD Asset Management Inc. boosted its stake in PGT Innovations by 6.0% in the 2nd quarter. TD Asset Management Inc. now owns 59,005 shares of the construction company’s stock worth $755,000 after purchasing an additional 3,316 shares during the period. Institutional investors and hedge funds own 96.80% of the company’s stock.
About PGT Innovations
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.
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