ValuEngine Upgrades PGT Innovations (PGTI) to “Buy”
ValuEngine upgraded shares of PGT Innovations (NYSE:PGTI) from a hold rating to a buy rating in a research report sent to investors on Thursday.
PGTI has been the topic of several other research reports. Zacks Investment Research upgraded PGT Innovations from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research note on Thursday, February 22nd. SunTrust Banks restated a buy rating and issued a $19.00 price objective on shares of PGT Innovations in a research note on Friday, February 23rd. B. Riley restated a buy rating on shares of PGT Innovations in a research note on Wednesday, November 1st. Royal Bank of Canada restated a buy rating on shares of PGT Innovations in a research note on Thursday, November 30th. Finally, Dougherty & Co upgraded PGT Innovations from a neutral rating to a buy rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $18.00.
Shares of PGT Innovations (NYSE:PGTI) opened at $19.30 on Thursday. PGT Innovations has a twelve month low of $10.00 and a twelve month high of $19.55. The stock has a market capitalization of $958.45, a PE ratio of 31.64, a P/E/G ratio of 1.26 and a beta of 0.93. The company has a current ratio of 3.49, a quick ratio of 2.58 and a debt-to-equity ratio of 1.21.
Several hedge funds and other institutional investors have recently made changes to their positions in PGTI. Renaissance Technologies LLC increased its stake in shares of PGT Innovations by 23.5% during the fourth quarter. Renaissance Technologies LLC now owns 3,122,229 shares of the construction company’s stock worth $52,610,000 after purchasing an additional 594,200 shares during the period. BlackRock Inc. increased its stake in shares of PGT Innovations by 5.5% during the fourth quarter. BlackRock Inc. now owns 7,310,563 shares of the construction company’s stock worth $123,183,000 after purchasing an additional 383,418 shares during the period. Russell Investments Group Ltd. increased its stake in shares of PGT Innovations by 132.4% during the third quarter. Russell Investments Group Ltd. now owns 357,058 shares of the construction company’s stock worth $5,338,000 after purchasing an additional 203,395 shares during the period. Columbus Circle Investors bought a new position in shares of PGT Innovations during the third quarter worth approximately $2,662,000. Finally, Prudential Financial Inc. increased its stake in shares of PGT Innovations by 140.0% during the third quarter. Prudential Financial Inc. now owns 257,380 shares of the construction company’s stock worth $3,848,000 after purchasing an additional 150,140 shares during the period. Institutional investors own 88.63% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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