PGT Innovations Inc (NASDAQ:PGTI)‘s stock had its “buy” rating reissued by analysts at FBR & Co in a report issued on Monday. They presently have a $15.00 price target on the construction company’s stock, up from their previous price target of $13.00. FBR & Co’s price objective would indicate a potential upside of 16.28% from the company’s previous close.

Other research analysts have also issued reports about the company. Zacks Investment Research raised PGT Innovations from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Raymond James Financial, Inc. lowered PGT Innovations from an “outperform” rating to a “market perform” rating in a research report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $13.00 target price on shares of PGT Innovations in a research report on Monday, May 15th. Finally, TheStreet raised PGT Innovations from a “c+” rating to a “b-” rating in a research report on Thursday, June 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $14.00.

Shares of PGT Innovations (NASDAQ:PGTI) opened at 12.90 on Monday. The stock has a 50 day moving average price of $12.96 and a 200-day moving average price of $11.63. The firm has a market capitalization of $639.87 million, a PE ratio of 23.08 and a beta of 0.93. PGT Innovations has a 52 week low of $9.50 and a 52 week high of $13.85.

PGT Innovations (NASDAQ:PGTI) last issued its earnings results on Thursday, August 3rd. The construction company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. The business had revenue of $137.38 million for the quarter, compared to analyst estimates of $127.79 million. PGT Innovations had a return on equity of 8.95% and a net margin of 2.66%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. Equities analysts anticipate that PGT Innovations will post $0.60 earnings per share for the current year.

WARNING: “PGT Innovations’ (PGTI) “Buy” Rating Reaffirmed at FBR & Co” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/08/21/pgt-innovations-pgti-buy-rating-reaffirmed-at-fbr-co.html.

In related news, Director Brett N. Milgrim sold 8,322 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $13.33, for a total value of $110,932.26. Following the completion of the sale, the director now directly owns 64,654 shares in the company, valued at approximately $861,837.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard D. Feintuch sold 49,459 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $13.19, for a total value of $652,364.21. Following the completion of the sale, the director now owns 81,051 shares of the company’s stock, valued at $1,069,062.69. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,675 shares of company stock valued at $879,808. 6.50% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in PGTI. Lazard Asset Management LLC increased its stake in shares of PGT Innovations by 12.2% in the second quarter. Lazard Asset Management LLC now owns 2,989,820 shares of the construction company’s stock valued at $38,269,000 after buying an additional 325,137 shares in the last quarter. Jennison Associates LLC increased its stake in shares of PGT Innovations by 3.3% in the second quarter. Jennison Associates LLC now owns 2,744,075 shares of the construction company’s stock valued at $35,124,000 after buying an additional 88,528 shares in the last quarter. Cooke & Bieler LP increased its stake in shares of PGT Innovations by 12.7% in the first quarter. Cooke & Bieler LP now owns 2,670,640 shares of the construction company’s stock valued at $28,709,000 after buying an additional 300,870 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of PGT Innovations by 5.6% in the second quarter. Vanguard Group Inc. now owns 2,642,425 shares of the construction company’s stock valued at $33,823,000 after buying an additional 139,011 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of PGT Innovations by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,452,270 shares of the construction company’s stock valued at $31,388,000 after buying an additional 140,054 shares in the last quarter. Hedge funds and other institutional investors 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.

Receive News & Ratings for PGT Innovations Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PGT Innovations Inc and related companies with MarketBeat.com's FREE daily email newsletter.