Brokerages Set PGT, Inc. (PGTI) Price Target at $16.50

PGT, Inc. (NYSE:PGTI) has earned an average recommendation of “Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.50.

Several analysts recently weighed in on PGTI shares. BidaskClub lowered PGT from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. B. Riley reaffirmed a “buy” rating on shares of PGT in a research note on Wednesday, November 1st. Royal Bank Of Canada reaffirmed a “buy” rating on shares of PGT in a research note on Thursday, November 30th. Dougherty & Co raised PGT from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. Finally, FBR & Co reaffirmed a “buy” rating and issued a $15.00 price objective (up from $13.00) on shares of PGT in a research note on Monday, August 21st.

In other news, Director Richard D. Feintuch sold 50,000 shares of PGT stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $16.05, for a total transaction of $802,500.00. Following the sale, the director now directly owns 75,508 shares of the company’s stock, valued at $1,211,903.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Morgan sold 41,395 shares of PGT stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $15.71, for a total value of $650,315.45. Following the sale, the director now directly owns 75,508 shares in the company, valued at $1,186,230.68. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in PGTI. Teachers Advisors LLC boosted its stake in shares of PGT by 2.7% during the first quarter. Teachers Advisors LLC now owns 86,599 shares of the construction company’s stock valued at $931,000 after purchasing an additional 2,273 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of PGT by 5.9% during the first quarter. Vanguard Group Inc. now owns 2,503,414 shares of the construction company’s stock valued at $26,912,000 after purchasing an additional 140,242 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of PGT by 7.3% during the first quarter. Geode Capital Management LLC now owns 357,744 shares of the construction company’s stock valued at $3,845,000 after purchasing an additional 24,298 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of PGT by 5.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 209,171 shares of the construction company’s stock valued at $2,249,000 after purchasing an additional 11,238 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of PGT by 6.7% during the first quarter. Metropolitan Life Insurance Co. NY now owns 32,682 shares of the construction company’s stock valued at $351,000 after purchasing an additional 2,063 shares in the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

PGT (NYSE:PGTI) traded up $0.10 during trading hours on Thursday, reaching $16.30. The company had a trading volume of 276,137 shares, compared to its average volume of 278,503. The firm has a market capitalization of $809.47, a price-to-earnings ratio of 30.75, a PEG ratio of 1.80 and a beta of 1.21. The company has a quick ratio of 2.71, a current ratio of 3.67 and a debt-to-equity ratio of 1.50. PGT has a fifty-two week low of $10.00 and a fifty-two week high of $16.50.

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

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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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