PGT Innovations (NYSE:PGTI) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of PGT Innovations (NYSE:PGTI) in a report released on Saturday morning. The firm issued a buy rating on the construction company’s stock.

Separately, Truist Financial decreased their price target on PGT Innovations from $43.00 to $42.00 and set a hold rating on the stock in a report on Thursday, January 18th.

PGT Innovations Stock Performance

Shares of PGTI opened at $41.99 on Friday. The stock has a fifty day moving average price of $41.94 and a two-hundred day moving average price of $38.75. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.61 and a current ratio of 2.45. PGT Innovations has a 52-week low of $22.66 and a 52-week high of $42.00. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.05 and a beta of 1.44.

PGT Innovations (NYSE:PGTI) last issued its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.11). PGT Innovations had a net margin of 7.25% and a return on equity of 18.46%. The business had revenue of $342.50 million during the quarter, compared to the consensus estimate of $339.15 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts predict that PGT Innovations will post 2.48 EPS for the current fiscal year.

Institutional Trading of PGT Innovations

Several institutional investors and hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust grew its stake in shares of PGT Innovations by 367.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,066 shares of the construction company’s stock worth $30,000 after purchasing an additional 838 shares during the period. SRS Capital Advisors Inc. acquired a new position in shares of PGT Innovations during the 3rd quarter worth about $44,000. Quest Partners LLC bought a new stake in shares of PGT Innovations in the 4th quarter valued at about $81,000. PenderFund Capital Management Ltd. acquired a new stake in shares of PGT Innovations in the 4th quarter valued at approximately $98,000. Finally, USA Financial Formulas boosted its stake in PGT Innovations by 2,890.6% during the 4th quarter. USA Financial Formulas now owns 3,499 shares of the construction company’s stock worth $142,000 after acquiring an additional 3,382 shares during the last quarter. Institutional investors own 81.60% of the company’s stock.

About PGT Innovations

PGT Innovations, Inc, together with its subsidiaries, engages in the manufacture and supply of impact-resistant aluminum frame windows and doors in the United States and internationally. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact resistant vinyl windows with insulating glass and multi-chambered frames for various climate zones.