Truist Financial Increases PGT Innovations (NYSE:PGTI) Price Target to $27.00

PGT Innovations (NYSE:PGTIGet Rating) had its price target boosted by investment analysts at Truist Financial to $27.00 in a research note issued on Wednesday, Stock Target Advisor reports. Truist Financial’s price objective suggests a potential upside of 37.97% from the company’s current price.

Several other research firms have also recently commented on PGTI. Deutsche Bank Aktiengesellschaft cut their price target on PGT Innovations from $38.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, October 20th. StockNews.com upgraded PGT Innovations from a “hold” rating to a “buy” rating in a research note on Friday, October 28th.

PGT Innovations Price Performance

Shares of NYSE PGTI opened at $19.57 on Wednesday. The company has a current ratio of 2.98, a quick ratio of 2.40 and a debt-to-equity ratio of 1.02. PGT Innovations has a twelve month low of $15.42 and a twelve month high of $23.81. The stock has a 50 day moving average of $21.19 and a two-hundred day moving average of $20.08. The stock has a market cap of $1.17 billion, a P/E ratio of 11.51 and a beta of 1.35.

Insiders Place Their Bets

In other PGT Innovations news, VP Deborah L. Lapinska sold 10,000 shares of the company’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $20.92, for a total value of $209,200.00. Following the sale, the vice president now owns 142,820 shares of the company’s stock, valued at $2,987,794.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PGT Innovations news, Director Rodney Hershberger sold 2,000 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $21.61, for a total value of $43,220.00. Following the sale, the director now owns 1,364,638 shares of the company’s stock, valued at $29,489,827.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Deborah L. Lapinska sold 10,000 shares of the company’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $20.92, for a total value of $209,200.00. Following the completion of the sale, the vice president now directly owns 142,820 shares in the company, valued at approximately $2,987,794.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,000 shares of company stock worth $294,320. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of PGT Innovations

Several large investors have recently bought and sold shares of PGTI. Stadium Capital Management LLC grew its holdings in PGT Innovations by 103.3% in the first quarter. Stadium Capital Management LLC now owns 1,862,987 shares of the construction company’s stock valued at $33,497,000 after purchasing an additional 946,715 shares during the last quarter. Millennium Management LLC boosted its stake in shares of PGT Innovations by 1,091.8% during the second quarter. Millennium Management LLC now owns 906,779 shares of the construction company’s stock valued at $15,089,000 after acquiring an additional 830,693 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of PGT Innovations by 106.7% during the first quarter. William Blair Investment Management LLC now owns 1,406,722 shares of the construction company’s stock valued at $25,293,000 after acquiring an additional 726,131 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of PGT Innovations by 126.1% during the third quarter. Assenagon Asset Management S.A. now owns 1,184,198 shares of the construction company’s stock valued at $24,821,000 after acquiring an additional 660,374 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of PGT Innovations by 6.6% during the third quarter. BlackRock Inc. now owns 9,859,162 shares of the construction company’s stock valued at $206,646,000 after acquiring an additional 610,447 shares during the last quarter. Institutional investors and hedge funds own 88.69% of the company’s stock.

PGT Innovations Company Profile

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PGT Innovations, Inc, together with its subsidiaries manufactures and supplies 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.

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