B. Riley Boosts PGT (NYSE:PGTI) Price Target to $18.00

PGT (NYSE:PGTI) had its target price boosted by equities researchers at B. Riley from $15.00 to $18.00 in a research note issued to investors on Wednesday, November 15th, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the construction company’s stock. B. Riley’s price objective indicates a potential upside of 11.11% from the stock’s current price. B. Riley also issued estimates for PGT’s Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.56 EPS and FY2018 earnings at $0.74 EPS.

Several other equities research analysts also recently issued reports on the stock. Royal Bank Of Canada restated a “buy” rating and set a $17.00 price objective on shares of PGT in a research report on Wednesday, November 15th. BidaskClub upgraded shares of PGT from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Dougherty & Co upgraded shares of PGT from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. SunTrust Banks reiterated a “buy” rating on shares of PGT in a research report on Tuesday, September 12th. Finally, KeyCorp reiterated a “hold” rating on shares of PGT in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $16.67.

PGT (PGTI) traded down $0.15 during trading on Wednesday, reaching $16.20. The company had a trading volume of 429,923 shares, compared to its average volume of 298,208. PGT has a fifty-two week low of $10.00 and a fifty-two week high of $16.45. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.67 and a quick ratio of 2.71. The company has a market capitalization of $804.51, a PE ratio of 30.57, a P/E/G ratio of 1.76 and a beta of 1.21.

PGT (NYSE:PGTI) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The business had revenue of $126.90 million for the quarter, compared to the consensus estimate of $129.82 million. PGT had a return on equity of 19.02% and a net margin of 4.87%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS. sell-side analysts anticipate that PGT will post 0.57 earnings per share for the current year.

In related news, Director William J. Morgan sold 41,395 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $15.71, for a total value of $650,315.45. Following the sale, the director now owns 75,508 shares of the company’s stock, valued at $1,186,230.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard D. Feintuch sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $16.05, for a total transaction of $802,500.00. Following the sale, the director now directly owns 75,508 shares in the company, valued at approximately $1,211,903.40. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue boosted its position in PGT by 79.7% during the second quarter. State of Alaska Department of Revenue now owns 9,755 shares of the construction company’s stock valued at $124,000 after acquiring an additional 4,325 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in PGT during the second quarter valued at $137,000. Citadel Advisors LLC bought a new stake in PGT during the second quarter valued at $147,000. Empirical Finance LLC bought a new stake in PGT during the third quarter valued at $160,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in PGT during the third quarter valued at $170,000. 92.40% of the stock is currently owned by institutional investors and hedge funds.

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PGT 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 (NYSE:PGTI)

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