PGT Innovations (NYSE:PGTI) Now Covered by StockNews.com

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

PGTI has been the subject of a number of other reports. JPMorgan Chase & Co. increased their price objective on shares of PGT Innovations from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 14th. Truist Financial decreased their price target on PGT Innovations from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, January 18th.

PGT Innovations Stock Performance

PGT Innovations stock opened at $41.99 on Wednesday. PGT Innovations has a fifty-two week low of $22.66 and a fifty-two week high of $42.00. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.05 and a beta of 1.44. The stock’s 50 day simple moving average is $41.71 and its two-hundred day simple moving average is $36.98. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.61 and a current ratio of 2.45.

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

Hedge Funds Weigh In On PGT Innovations

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings 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 buying an additional 610,447 shares during the last quarter. Vanguard Group Inc. raised its position in PGT Innovations by 6.8% in the third quarter. Vanguard Group Inc. now owns 4,261,432 shares of the construction company’s stock valued at $118,255,000 after purchasing an additional 269,699 shares during the period. Wellington Management Group LLP increased its holdings in PGT Innovations by 8.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,573,418 shares of the construction company’s stock valued at $99,162,000 after purchasing an additional 269,891 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in PGT Innovations by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,543,132 shares of the construction company’s stock worth $63,851,000 after purchasing an additional 69,856 shares during the period. Finally, Lazard Asset Management LLC grew its stake in shares of PGT Innovations by 0.5% in the first quarter. Lazard Asset Management LLC now owns 2,368,006 shares of the construction company’s stock worth $42,576,000 after acquiring an additional 10,839 shares in the last quarter. 81.60% of the stock is currently owned by institutional investors.

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.