PGT Innovations (NYSE:PGTI) Price Target Raised to $29.00 at Truist Financial

PGT Innovations (NYSE:PGTI – Get Rating) had its target price boosted by Truist Financial from $27.00 to $29.00 in a research note published on Monday morning, The Fly reports.

PGTI has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PGT Innovations from $29.00 to $33.00 and gave the company a buy rating in a research note on Monday, April 3rd. StockNews.com downgraded PGT Innovations from a buy rating to a hold rating in a research note on Monday, April 3rd.

PGT Innovations Stock Performance

Shares of PGT Innovations stock opened at $25.79 on Monday. PGT Innovations has a 12 month low of $15.42 and a 12 month high of $26.93. The company has a quick ratio of 1.63, a current ratio of 2.24 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1.51 billion, a PE ratio of 14.09 and a beta of 1.46. The business has a fifty day simple moving average of $24.18 and a 200-day simple moving average of $21.55.

PGT Innovations (NYSE:PGTI – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The construction company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $340.93 million for the quarter, compared to analyst estimates of $332.00 million. PGT Innovations had a return on equity of 19.35% and a net margin of 6.63%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. On average, sell-side analysts anticipate that PGT Innovations will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling

In other PGT Innovations news, Director Rodney Hershberger sold 2,500 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $21.21, for a total value of $53,025.00. Following the completion of the sale, the director now owns 1,353,138 shares of the company’s stock, valued at $28,700,056.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other PGT Innovations news, Director Rodney Hershberger sold 2,500 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $21.21, for a total transaction of $53,025.00. Following the transaction, the director now owns 1,353,138 shares in the company, valued at $28,700,056.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Deborah L. Lapinska sold 10,000 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $25.60, for a total transaction of $256,000.00. Following the completion of the sale, the insider now owns 102,612 shares of the company’s stock, valued at $2,626,867.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,500 shares of company stock worth $899,250. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On PGT Innovations

Hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in PGT Innovations by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 87,450 shares of the construction company’s stock valued at $1,833,000 after purchasing an additional 652 shares during the period. FourThought Financial Partners LLC bought a new stake in shares of PGT Innovations in the fourth quarter valued at approximately $192,000. Summit Global Investments grew its stake in shares of PGT Innovations by 176.9% in the third quarter. Summit Global Investments now owns 37,388 shares of the construction company’s stock worth $784,000 after acquiring an additional 23,888 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in PGT Innovations during the third quarter worth $5,315,000. Finally, Systematic Financial Management LP raised its stake in PGT Innovations by 0.7% during the 3rd quarter. Systematic Financial Management LP now owns 1,025,827 shares of the construction company’s stock valued at $21,501,000 after purchasing an additional 7,619 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

PGT Innovations Company Profile

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PGT Innovations, Inc engages in the manufacture and supply of windows and doors under the brand names PGT Custom Windows + Doors, CGI, WinDoor, Western Window Systems, Eze-Breeze, and CGI Commercial. It operates through the Southeast and Western geographical segments. The company was founded by Rodney Hershberger in 1980 and is headquartered in Nokomis, FL.