PGT Innovations (NYSE:PGTI)‘s stock had its “buy” rating reissued by equities research analysts at Dougherty & Co in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a $19.00 target price on the construction company’s stock, up from their prior target price of $18.00. Dougherty & Co’s price objective suggests a potential upside of 27.09% from the stock’s current price.

A number of other analysts have also recently commented on the company. Royal Bank of Canada reissued a “buy” rating and issued a $17.00 price target on shares of PGT Innovations in a research report on Wednesday, November 15th. BidaskClub cut PGT Innovations from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Finally, B. Riley boosted their price target on PGT Innovations from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.25.

Shares of PGT Innovations (PGTI) traded down $0.20 on Thursday, hitting $14.95. The stock had a trading volume of 278,361 shares, compared to its average volume of 298,854. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.71 and a current ratio of 3.67. PGT Innovations has a 12-month low of $10.00 and a 12-month high of $17.60. The company has a market cap of $757.33, a PE ratio of 32.50, a P/E/G ratio of 1.28 and a beta of 1.06.

In related news, Director William J. Morgan sold 41,395 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $15.71, for a total value of $650,315.45. Following the transaction, the director now directly owns 75,508 shares of the company’s stock, valued at approximately $1,186,230.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard D. Feintuch sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $16.05, for a total value of $802,500.00. Following the completion of the transaction, the director now directly owns 75,508 shares in the company, valued at $1,211,903.40. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. lifted its position in PGT Innovations by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 128,064 shares of the construction company’s stock valued at $1,639,000 after acquiring an additional 973 shares in the last quarter. Nationwide Fund Advisors lifted its position in PGT Innovations by 3.6% in the 2nd quarter. Nationwide Fund Advisors now owns 28,511 shares of the construction company’s stock valued at $365,000 after acquiring an additional 988 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in PGT Innovations by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,331 shares of the construction company’s stock valued at $504,000 after acquiring an additional 1,278 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in PGT Innovations by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 211,449 shares of the construction company’s stock valued at $2,707,000 after acquiring an additional 2,278 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in PGT Innovations by 2.7% in the 2nd quarter. Teachers Advisors LLC now owns 88,954 shares of the construction company’s stock valued at $1,139,000 after acquiring an additional 2,355 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for PGT Innovations (NYSE:PGTI)

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