Gabelli & Co Lowers their Rating for Shares of PGT Inc (NASDAQ:PGTI). Are Other Analysts Next?

June 14, 2018 - By Migdalia James

PGT Innovations, Inc. (NYSE:PGTI) Logo

Investors sentiment decreased to 1.31 in Q1 2018. Its down 0.36, from 1.67 in 2017Q4. It turned negative, as 15 investors sold PGT Innovations, Inc. shares while 47 reduced holdings. 33 funds opened positions while 48 raised stakes. 43.32 million shares or 2.53% less from 44.44 million shares in 2017Q4 were reported.

Systematic Management L P holds 281,950 shares or 0.12% of its portfolio. Moreover, Usa Portformulas Corp has 0.12% invested in PGT Innovations, Inc. (NYSE:PGTI) for 27,399 shares. New York-based Morgan Stanley has invested 0% in PGT Innovations, Inc. (NYSE:PGTI). The North Carolina-based Piedmont Inv Advsrs Limited Company has invested 0.01% in PGT Innovations, Inc. (NYSE:PGTI). Prelude Capital Limited Company owns 175,681 shares. Citigroup invested 0% in PGT Innovations, Inc. (NYSE:PGTI). Royal Bank & Trust Of Canada holds 61,713 shares. Geode Cap Ltd Co holds 0% in PGT Innovations, Inc. (NYSE:PGTI) or 429,140 shares. Renaissance Ltd Liability holds 0.07% or 3.65M shares in its portfolio. Schwab Charles Investment Management accumulated 258,724 shares. Bnp Paribas Arbitrage Sa reported 16,046 shares. Victory Cap Management holds 0% or 18,216 shares in its portfolio. Anchor Cap Advsrs Ltd has 0.02% invested in PGT Innovations, Inc. (NYSE:PGTI). Public Sector Pension Invest Board reported 0% of its portfolio in PGT Innovations, Inc. (NYSE:PGTI). Kirr Marbach Co Ltd Co In stated it has 30,960 shares or 0.12% of all its holdings.

Since May 17, 2018, it had 0 insider buys, and 3 insider sales for $3.26 million activity. 83,601 PGT Innovations, Inc. (NYSE:PGTI) shares with value of $1.70M were sold by MCHUGH M JOSEPH. West Bradley R sold $631,321 worth of stock.

PGT Inc (NASDAQ:PGTI) Receives a Downgrade

In an analyst note published on Thursday, 14 June, Gabelli & Co has lowered shares of PGT Inc (NASDAQ:PGTI) stock to a Hold and has set one year target price per share equal to $22. PGTI’s last stock rating by Gabelli & Co was a Buy.

PGT Innovations, Inc. (NYSE:PGTI) Ratings Coverage

Among 3 analysts covering PGT Inc (NASDAQ:PGTI), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. PGT Inc has $20.0 highest and $19.0 lowest target. $19.33’s average target is -5.94% below currents $20.55 stock price. PGT Inc had 3 analyst reports since February 8, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, February 8 by Dougherty. The firm has “Buy” rating by SunTrust given on Thursday, February 22. The company was maintained on Tuesday, February 20 by FBR Capital.

The stock decreased 2.38% or $0.5 during the last trading session, reaching $20.55. About 361,828 shares traded. PGT Innovations, Inc. (NASDAQ:PGTI) has risen 81.86% since June 14, 2017 and is uptrending. It has outperformed by 69.29% the S&P500.

Analysts await PGT Innovations, Inc. (NYSE:PGTI) to report earnings on August, 2. They expect $0.28 EPS, up 40.00 % or $0.08 from last year’s $0.2 per share. PGTI’s profit will be $13.99 million for 18.35 P/E if the $0.28 EPS becomes a reality. After $0.19 actual EPS reported by PGT Innovations, Inc. for the previous quarter, Wall Street now forecasts 47.37 % EPS growth.

PGT Innovations, Inc. manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company has market cap of $1.03 billion. The firm offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones. It has a 26.69 P/E ratio. It also provides customizable non-impact-resistant aluminum frame windows and doors; and non-glass vertical and horizontal sliding panels for porch enclosures, including vinyl-glazed aluminum-framed products used for enclosing screened-in porches that provide protection from inclement weather, as well as cabana doors.

PGT Innovations, Inc. (NYSE:PGTI) Institutional Positions Chart

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