PGT Innovations (NYSE:PGTI) Earns Buy Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of PGT Innovations (NYSE:PGTI) in a report issued on Saturday. The brokerage set a “buy” rating on the construction company’s stock.

Separately, Truist Financial cut their target price on shares of PGT Innovations from $43.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday, January 18th.

PGT Innovations Price Performance

Shares of NYSE:PGTI opened at $41.99 on Friday. The stock has a market cap of $2.40 billion, a PE ratio of 23.07, a PEG ratio of 1.05 and a beta of 1.44. The company’s fifty day moving average is $41.93 and its 200 day moving average is $38.57. PGT Innovations has a 52 week low of $22.66 and a 52 week high of $42.00. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of 0.93.

PGT Innovations (NYSE:PGTI) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.11). The firm had revenue of $342.50 million during the quarter, compared to analysts’ expectations of $339.15 million. PGT Innovations had a net margin of 7.25% and a return on equity of 18.46%. PGT Innovations’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS. Research analysts anticipate that PGT Innovations will post 2.48 earnings per share for the current year.

Institutional Investors Weigh In On PGT Innovations

Several hedge funds have recently bought and sold shares of the business. Cambiar Investors LLC boosted its stake in PGT Innovations by 0.4% during the third quarter. Cambiar Investors LLC now owns 91,761 shares of the construction company’s stock worth $2,546,000 after acquiring an additional 396 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of PGT Innovations by 3.7% in the third quarter. Inspire Investing LLC now owns 11,147 shares of the construction company’s stock worth $309,000 after buying an additional 397 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in shares of PGT Innovations by 0.4% in the third quarter. Kennedy Capital Management LLC now owns 182,309 shares of the construction company’s stock worth $5,059,000 after buying an additional 802 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of PGT Innovations by 8.1% in the third quarter. Mackenzie Financial Corp now owns 10,759 shares of the construction company’s stock worth $290,000 after buying an additional 804 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of PGT Innovations by 367.5% in the third quarter. Parkside Financial Bank & Trust now owns 1,066 shares of the construction company’s stock worth $30,000 after buying an additional 838 shares in the last quarter. Institutional investors own 81.60% of the company’s stock.

PGT Innovations Company Profile

PGT Innovations, Inc, together with its subsidiaries, engages in the manufacture and supply of impact-resistant aluminum frame windows and doors in the United States and internationally. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact resistant vinyl windows with insulating glass and multi-chambered frames for various climate zones.