Zacks Investment Research upgraded shares of PGT Innovations Inc (NASDAQ:PGTI) from a sell rating to a hold rating in a research report report published on Wednesday morning.

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. “

Several other brokerages have also commented on PGTI. Dougherty & Co lowered shares of PGT Innovations from a buy rating to a neutral rating in a research report on Wednesday, February 22nd. Royal Bank of Canada restated an outperform rating and set a $12.00 target price (down from $13.00) on shares of PGT Innovations in a research report on Wednesday, February 22nd. Finally, TheStreet lowered shares of PGT Innovations from a b- rating to a c+ rating in a research report on Thursday, March 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $13.40.

Shares of PGT Innovations (NASDAQ:PGTI) opened at 10.60 on Wednesday. The firm has a market capitalization of $522.77 million, a PE ratio of 22.55 and a beta of 0.93. The stock has a 50 day moving average of $11.00 and a 200-day moving average of $11.06. PGT Innovations has a 12 month low of $8.96 and a 12 month high of $12.49.

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

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Several large investors have recently modified their holdings of the company. Icon Advisers Inc. Co. raised its stake in shares of PGT Innovations by 30.8% in the third quarter. Icon Advisers Inc. Co. now owns 757,902 shares of the company’s stock valued at $8,087,000 after buying an additional 178,602 shares during the last quarter. Bank of New York Mellon Corp increased its position in PGT Innovations by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 504,460 shares of the company’s stock valued at $5,383,000 after buying an additional 12,449 shares during the period. Victory Capital Management Inc. increased its position in PGT Innovations by 25.4% in the third quarter. Victory Capital Management Inc. now owns 83,040 shares of the company’s stock valued at $886,000 after buying an additional 16,846 shares during the period. TD Asset Management Inc. increased its position in PGT Innovations by 176.0% in the third quarter. TD Asset Management Inc. now owns 27,600 shares of the company’s stock valued at $294,000 after buying an additional 17,600 shares during the period. Finally, Arizona State Retirement System increased its position in PGT Innovations by 0.4% in the third quarter. Arizona State Retirement System now owns 25,335 shares of the company’s stock valued at $270,000 after buying an additional 100 shares during the period. Institutional investors own 96.80% of the company’s stock.

PGT Innovations 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.

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