SunTrust Banks, Inc. restated their buy rating on shares of PGT Innovations Inc (NASDAQ:PGTI) in a research note issued to investors on Tuesday morning.

A number of other research firms have also recently commented on PGTI. Raymond James Financial, Inc. cut PGT Innovations from an outperform rating to a market perform rating in a report on Friday, August 4th. FBR & Co reissued a buy rating and set a $15.00 price target (up previously from $13.00) on shares of PGT Innovations in a report on Monday, August 21st. TheStreet raised PGT Innovations from a c+ rating to a b- rating in a report on Thursday, June 22nd. BidaskClub raised PGT Innovations from a sell rating to a hold rating in a report on Friday, September 8th. Finally, Royal Bank Of Canada reissued a buy rating and set a $13.00 price target on shares of PGT Innovations in a report on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $14.00.

Shares of PGT Innovations (NASDAQ PGTI) traded up 1.08% during mid-day trading on Tuesday, hitting $14.00. The stock had a trading volume of 164,335 shares. The stock has a 50 day moving average price of $13.26 and a 200 day moving average price of $11.89. PGT Innovations has a 52 week low of $9.50 and a 52 week high of $14.88. The firm has a market cap of $694.43 million, a PE ratio of 25.04 and a beta of 0.93.

PGT Innovations (NASDAQ:PGTI) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. PGT Innovations had a return on equity of 28.98% and a net margin of 7.46%. The company had revenue of $137.38 million during the quarter, compared to analysts’ expectations of $127.79 million. During the same quarter in the previous year, the firm earned $0.15 EPS. PGT Innovations’s revenue was up 15.4% on a year-over-year basis. Equities research analysts expect that PGT Innovations will post $0.60 EPS for the current fiscal year.

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In related news, Director Brett N. Milgrim sold 8,322 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $13.33, for a total transaction of $110,932.26. Following the sale, the director now owns 64,654 shares in the company, valued at approximately $861,837.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brett N. Milgrim sold 8,894 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $13.10, for a total value of $116,511.40. Following the sale, the director now owns 55,760 shares in the company, valued at approximately $730,456. The disclosure for this sale can be found here. Insiders have sold a total of 66,675 shares of company stock worth $879,808 in the last 90 days. 6.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of PGTI. Mason Street Advisors LLC grew its position in PGT Innovations by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 11,457 shares of the construction company’s stock worth $123,000 after acquiring an additional 750 shares during the last quarter. State of Alaska Department of Revenue grew its position in PGT Innovations by 79.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,755 shares of the construction company’s stock worth $124,000 after acquiring an additional 4,325 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in PGT Innovations during the 2nd quarter worth $137,000. Citadel Advisors LLC bought a new stake in PGT Innovations during the 2nd quarter worth $147,000. Finally, BNP Paribas Arbitrage SA grew its position in PGT Innovations by 55.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,568 shares of the construction company’s stock worth $186,000 after acquiring an additional 5,224 shares during the last quarter. Institutional investors and hedge funds 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.

Analyst Recommendations for PGT Innovations (NASDAQ:PGTI)

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