ValuEngine upgraded shares of PGT Innovations (NYSE:PGTI) from a hold rating to a buy rating in a research report released on Wednesday.
Several other analysts have also recently weighed in on the stock. Jefferies Financial Group started coverage on shares of PGT Innovations in a research note on Thursday, October 4th. They issued a buy rating and a $27.00 price target for the company. Wells Fargo & Co started coverage on shares of PGT Innovations in a report on Thursday, October 4th. They issued an outperform rating and a $25.00 price objective on the stock. Finally, B. Riley upped their price objective on shares of PGT Innovations from $20.00 to $28.00 and gave the stock a buy rating in a report on Wednesday, July 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $22.25.
Shares of PGT Innovations stock traded down $0.27 during mid-day trading on Wednesday, hitting $22.00. The stock had a trading volume of 13,482 shares, compared to its average volume of 603,055. PGT Innovations has a 12-month low of $13.05 and a 12-month high of $26.40. The company has a debt-to-equity ratio of 1.03, a current ratio of 4.24 and a quick ratio of 3.47. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 36.18, a price-to-earnings-growth ratio of 1.02 and a beta of 0.88.
Hedge funds have recently modified their holdings of the company. Sei Investments Co. lifted its holdings in shares of PGT Innovations by 4,969.7% in the 1st quarter. Sei Investments Co. now owns 6,033 shares of the construction company’s stock worth $112,000 after acquiring an additional 5,914 shares during the last quarter. Cypress Capital Management LLC WY acquired a new stake in PGT Innovations during the 2nd quarter worth approximately $138,000. Bayesian Capital Management LP acquired a new stake in PGT Innovations during the 1st quarter worth approximately $190,000. Element Capital Management LLC acquired a new stake in PGT Innovations during the 1st quarter worth approximately $191,000. Finally, Profund Advisors LLC acquired a new stake in PGT Innovations during the 1st quarter worth approximately $199,000. Hedge funds and other institutional investors own 78.88% of the company’s stock.
PGT Innovations Company Profile
PGT Innovations, Inc manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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