PGT Innovations Inc (NASDAQ:PGTI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “PGT INDUSTRIES pioneered the U.S. impact-resistant window and door industry and today is the nation’s leading manufacturer and supplier of residential impact-resistant windows and doors. PGT is also one of the largest window and door manufacturers in the United States. The company’s total line of custom windows and doors is now available throughout the eastern United States, the Gulf Coast and in a growing international market, which includes the Caribbean, South America and Australia. PGT’s product line includes PGT Aluminum and Vinyl Windows and Doors; WinGuard Impact-Resistant Windows and Doors; PGT Architectural Systems; and Eze-Breeze Sliding Panels. PGT Industries is a wholly owned subsidiary of PGT, Inc. “

A number of other analysts also recently commented on the stock. TheStreet downgraded shares of PGT Innovations from a “b-” rating to a “c+” rating in a research report on Thursday, March 9th. Dougherty & Co downgraded shares of PGT Innovations from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 22nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $12.00 price target (down from $13.00) on shares of PGT Innovations in a research report on Wednesday, February 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. PGT Innovations has a consensus rating of “Hold” and an average price target of $13.40.

Shares of PGT Innovations (NASDAQ:PGTI) opened at 10.60 on Tuesday. The stock’s 50 day moving average price is $11.00 and its 200-day moving average price is $11.06. The firm has a market capitalization of $522.77 million, a PE ratio of 22.55 and a beta of 0.93. PGT Innovations has a 52-week low of $8.96 and a 52-week high of $12.49.

PGT Innovations (NASDAQ:PGTI) last released its quarterly earnings results on Tuesday, February 21st. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. PGT Innovations had a net margin of 5.29% and a return on equity of 24.01%. The company had revenue of $109.50 million for the quarter, compared to the consensus estimate of $110.26 million. During the same period in the previous year, the firm earned $0.12 EPS. PGT Innovations’s revenue was up 17.7% on a year-over-year basis. Equities research analysts anticipate that PGT Innovations will post $0.58 EPS for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the company. Putnam Investments LLC boosted its position in shares of PGT Innovations by 90.1% in the fourth quarter. Putnam Investments LLC now owns 429,203 shares of the company’s stock valued at $4,914,000 after buying an additional 203,401 shares in the last quarter. Worth Venture Partners LLC acquired a new position in shares of PGT Innovations during the fourth quarter valued at about $401,000. Ranger Investment Management L.P. boosted its position in shares of PGT Innovations by 46.6% in the fourth quarter. Ranger Investment Management L.P. now owns 196,860 shares of the company’s stock valued at $2,254,000 after buying an additional 62,580 shares in the last quarter. Wexford Capital LP acquired a new position in shares of PGT Innovations during the fourth quarter valued at about $168,000. Finally, Two Sigma Investments LP boosted its position in shares of PGT Innovations by 58.2% in the fourth quarter. Two Sigma Investments LP now owns 57,080 shares of the company’s stock valued at $654,000 after buying an additional 21,010 shares in 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.

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