PGT, Inc. (NYSE:PGTI) has received a consensus rating of “Buy” from the nine research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $16.50.

PGTI has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating on shares of PGT in a research note on Thursday, November 30th. B. Riley upped their price target on shares of PGT from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Dougherty & Co raised shares of PGT from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. SunTrust Banks reaffirmed a “buy” rating on shares of PGT in a research note on Tuesday, September 12th. Finally, BidaskClub raised shares of PGT from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd.

PGT (NYSE:PGTI) opened at $16.10 on Thursday. PGT has a 1 year low of $10.00 and a 1 year high of $16.50. The company has a quick ratio of 2.71, a current ratio of 3.67 and a debt-to-equity ratio of 1.50. The company has a market cap of $799.54, a PE ratio of 30.38, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21.

PGT (NYSE:PGTI) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $126.90 million during the quarter, compared to analyst estimates of $129.82 million. PGT had a return on equity of 19.02% and a net margin of 4.87%. The company’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. sell-side analysts forecast that PGT will post 0.56 earnings per share for the current year.

In related news, Director Richard D. Feintuch sold 50,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 75,508 shares of the company’s stock, valued at $1,211,903.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William J. Morgan sold 41,395 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $15.71, for a total transaction of $650,315.45. Following the sale, the director now directly owns 75,508 shares of the company’s stock, valued at $1,186,230.68. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System lifted its stake in PGT by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the construction company’s stock valued at $257,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System lifted its stake in PGT by 0.8% during the second quarter. Arizona State Retirement System now owns 25,735 shares of the construction company’s stock valued at $329,000 after purchasing an additional 200 shares during the last quarter. Texas Permanent School Fund lifted its stake in PGT by 1.7% during the second quarter. Texas Permanent School Fund now owns 36,083 shares of the construction company’s stock valued at $462,000 after purchasing an additional 609 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of PGT by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 128,064 shares of the construction company’s stock valued at $1,639,000 after acquiring an additional 973 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its position in shares of PGT by 3.6% in the 2nd quarter. Nationwide Fund Advisors now owns 28,511 shares of the construction company’s stock valued at $365,000 after acquiring an additional 988 shares in the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

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About PGT

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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