BidaskClub upgraded shares of PGT Innovations Inc (NASDAQ:PGTI) from a hold rating to a buy rating in a research note released on Tuesday.

A number of other equities analysts also recently commented on the company. KeyCorp restated a hold rating on shares of PGT Innovations in a report on Tuesday, September 26th. SunTrust Banks, Inc. restated a buy rating on shares of PGT Innovations in a report on Tuesday, September 12th. FBR & Co restated a buy rating and issued a $15.00 price objective (up previously from $13.00) on shares of PGT Innovations in a report on Monday, August 21st. Raymond James Financial, Inc. downgraded PGT Innovations from an outperform rating to a market perform rating in a report on Friday, August 4th. Finally, TheStreet upgraded PGT Innovations from a c+ rating to a b- rating in a report on Thursday, June 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $14.00.

Shares of PGT Innovations (NASDAQ:PGTI) remained flat at $14.85 on Tuesday. 592,396 shares of the company were exchanged. The stock has a 50 day moving average price of $13.82 and a 200 day moving average price of $12.32. The stock has a market cap of $736.59 million, a P/E ratio of 26.57 and a beta of 0.93. PGT Innovations has a one year low of $9.50 and a one year high of $15.10.

PGT Innovations (NASDAQ:PGTI) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. PGT Innovations had a return on equity of 28.98% and a net margin of 7.46%. The firm had revenue of $137.38 million for the quarter, compared to the consensus estimate of $127.79 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The firm’s revenue was up 15.4% on a year-over-year basis. On average, analysts forecast that PGT Innovations will post $0.59 EPS for the current fiscal year.

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In other PGT Innovations news, Director Brett N. Milgrim sold 8,322 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $13.33, for a total transaction of $110,932.26. Following the transaction, the director now owns 64,654 shares in the company, valued at $861,837.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brett N. Milgrim sold 8,894 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $13.10, for a total value of $116,511.40. Following the transaction, the director now owns 55,760 shares in the company, valued at approximately $730,456. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,675 shares of company stock worth $879,808. Corporate insiders own 6.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in PGTI. Mason Street Advisors LLC grew its holdings in PGT Innovations by 7.0% during the first quarter. Mason Street Advisors LLC now owns 11,457 shares of the construction company’s stock valued at $123,000 after purchasing an additional 750 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in PGT Innovations by 79.7% during the second quarter. State of Alaska Department of Revenue now owns 9,755 shares of the construction company’s stock valued at $124,000 after purchasing an additional 4,325 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in PGT Innovations during the second quarter valued at approximately $137,000. Citadel Advisors LLC acquired a new position in PGT Innovations during the second quarter valued at approximately $147,000. Finally, BNP Paribas Arbitrage SA grew its holdings in PGT Innovations by 55.9% during the second quarter. BNP Paribas Arbitrage SA now owns 14,568 shares of the construction company’s stock valued at $186,000 after purchasing an additional 5,224 shares during the last quarter. Institutional investors own 96.80% of the company’s stock.

About PGT Innovations

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 Innovations (NASDAQ:PGTI)

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