Raymond James Financial, Inc. lowered shares of PGT Innovations Inc (NASDAQ:PGTI) from an outperform rating to a market perform rating in a research note released on Friday morning, Marketbeat.com reports.

A number of other equities research analysts also recently weighed in on PGTI. TheStreet upgraded PGT Innovations from a c+ rating to a b- rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded PGT Innovations from a sell rating to a hold rating in a research report on Tuesday, May 9th. Finally, Royal Bank Of Canada restated a buy rating and set a $13.00 price target on shares of PGT Innovations in a research report on Monday, May 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. PGT Innovations currently has a consensus rating of Hold and an average target price of $13.00.

Shares of PGT Innovations (NASDAQ PGTI) traded up 0.187% during trading on Friday, hitting $13.375. The stock had a trading volume of 128,758 shares. The company has a market cap of $661.01 million, a PE ratio of 26.857 and a beta of 0.93. The firm’s 50 day moving average is $12.68 and its 200 day moving average is $11.49. PGT Innovations has a 1-year low of $9.50 and a 1-year high of $13.48.

PGT Innovations (NASDAQ:PGTI) last released its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.03. PGT Innovations had a return on equity of 8.95% and a net margin of 2.66%. The business had revenue of $137.38 million for the quarter, compared to the consensus estimate of $127.79 million. During the same quarter last year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities research analysts anticipate that PGT Innovations will post $0.59 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in PGTI. State of Alaska Department of Revenue boosted its position in shares of PGT Innovations by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 9,755 shares of the construction company’s stock worth $124,000 after buying an additional 4,325 shares during the period. Mason Street Advisors LLC boosted its position in shares of PGT Innovations by 7.0% in the first quarter. Mason Street Advisors LLC now owns 11,457 shares of the construction company’s stock worth $123,000 after buying an additional 750 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of PGT Innovations by 55.9% in the second quarter. BNP Paribas Arbitrage SA now owns 14,568 shares of the construction company’s stock worth $186,000 after buying an additional 5,224 shares during the period. Bank of Montreal Can boosted its position in shares of PGT Innovations by 870.3% in the second quarter. Bank of Montreal Can now owns 17,301 shares of the construction company’s stock worth $221,000 after buying an additional 15,518 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of PGT Innovations by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the construction company’s stock worth $215,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds 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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