PGT, Inc. (PGTI) Price Target Raised to $18.00 at B. Riley

PGT, Inc. (NYSE:PGTI) had its price target upped by investment analysts at B. Riley from $15.00 to $18.00 in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the construction company’s stock. B. Riley’s target price would indicate a potential upside of 17.26% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Royal Bank Of Canada restated a “buy” rating and issued a $17.00 price target on shares of PGT in a research report on Wednesday. Dougherty & Co upgraded PGT from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. BidaskClub cut PGT from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. KeyCorp restated a “hold” rating on shares of PGT in a research report on Tuesday, September 26th. Finally, SunTrust Banks, Inc. restated a “buy” rating on shares of PGT in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $16.67.

Shares of PGT (NYSE PGTI) traded up $0.40 during mid-day trading on Wednesday, reaching $15.35. The company had a trading volume of 483,600 shares, compared to its average volume of 320,666. The firm has a market cap of $742.43, a PE ratio of 28.21, a PEG ratio of 1.62 and a beta of 1.16. PGT has a 1 year low of $10.00 and a 1 year high of $15.38. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.67 and a quick ratio of 2.71.

PGT (NYSE:PGTI) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). The company had revenue of $126.90 million during the quarter, compared to analyst estimates of $129.82 million. PGT had a net margin of 4.87% and a return on equity of 19.02%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 EPS. equities research analysts predict that PGT will post 0.57 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its position in PGT by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the construction company’s stock worth $257,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System increased its position in PGT by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 25,735 shares of the construction company’s stock worth $329,000 after purchasing an additional 200 shares during the period. Texas Permanent School Fund increased its position in PGT by 1.7% during the 2nd quarter. Texas Permanent School Fund now owns 36,083 shares of the construction company’s stock worth $462,000 after purchasing an additional 609 shares during the period. Macquarie Group Ltd. increased its position in PGT by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 128,064 shares of the construction company’s stock worth $1,639,000 after purchasing an additional 973 shares during the period. Finally, Nationwide Fund Advisors increased its position in PGT by 3.6% during the 2nd quarter. Nationwide Fund Advisors now owns 28,511 shares of the construction company’s stock worth $365,000 after purchasing an additional 988 shares during the period. Institutional investors own 94.06% of the company’s stock.

PGT Company Profile

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 (NYSE:PGTI)

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