Gabelli upgraded shares of PGT Innovations (NYSE:PGTI) from a hold rating to a buy rating in a report released on Friday morning, BenzingaRatingsTable reports. Gabelli currently has $22.00 target price on the construction company’s stock. Gabelli also issued estimates for PGT Innovations’ FY2019 earnings at $0.95 EPS and FY2020 earnings at $1.05 EPS.
Several other brokerages have also recently commented on PGTI. ValuEngine cut shares of PGT Innovations from a hold rating to a sell rating in a research note on Tuesday, July 2nd. KeyCorp raised their target price on shares of PGT Innovations from $20.00 to $22.00 and gave the company an overweight rating in a report on Monday, May 6th. Finally, Zacks Investment Research downgraded shares of PGT Innovations from a buy rating to a hold rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. PGT Innovations has an average rating of Hold and a consensus target price of $22.88.
Shares of NYSE PGTI opened at $14.40 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.99 and a quick ratio of 2.28. PGT Innovations has a 52 week low of $13.30 and a 52 week high of $26.40. The company has a 50-day moving average of $16.17. The firm has a market capitalization of $836.74 million, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.09 and a beta of 1.04.
In other PGT Innovations news, Director Rodney Hershberger sold 11,830 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $16.29, for a total transaction of $192,710.70. Following the completion of the transaction, the director now directly owns 1,207,630 shares in the company, valued at approximately $19,672,292.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 59,025 shares of company stock valued at $923,460 over the last 90 days. 4.60% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of PGTI. Geode Capital Management LLC grew its holdings in shares of PGT Innovations by 16.9% during the fourth quarter. Geode Capital Management LLC now owns 609,234 shares of the construction company’s stock worth $9,656,000 after buying an additional 88,297 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of PGT Innovations by 2.4% during the fourth quarter. Principal Financial Group Inc. now owns 511,376 shares of the construction company’s stock worth $8,105,000 after buying an additional 12,133 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of PGT Innovations by 250.9% during the fourth quarter. Deutsche Bank AG now owns 355,828 shares of the construction company’s stock worth $5,638,000 after buying an additional 254,434 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of PGT Innovations by 1.9% during the fourth quarter. Macquarie Group Ltd. now owns 82,778 shares of the construction company’s stock worth $1,312,000 after buying an additional 1,552 shares in the last quarter. Finally, American Century Companies Inc. purchased a new stake in shares of PGT Innovations during the fourth quarter worth about $4,769,000. Hedge funds and other institutional investors own 88.33% of the company’s stock.
About PGT Innovations
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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