Should Investors Be Selling PGT Inc (NASDAQ:PGTI) Shares? Gabelli & Co Downgrades Stock

June 14, 2018 - By Ann Prendergast

PGT Innovations, Inc. (NYSE:PGTI) Logo

Investors sentiment decreased to 1.31 in 2018 Q1. Its down 0.36, from 1.67 in 2017Q4. It is 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.

Blackrock holds 0.01% in PGT Innovations, Inc. (NYSE:PGTI) or 7.09M shares. Macquarie Group has invested 0% in PGT Innovations, Inc. (NYSE:PGTI). Systematic Fincl Mgmt L P, New Jersey-based fund reported 281,950 shares. 9,874 are owned by Ls Inv Advsrs Limited Liability Company. Columbus Circle Invsts accumulated 174,533 shares. Barclays Pcl invested in 20,116 shares or 0% of the stock. Aqr Cap Management Ltd Liability Corporation holds 0% of its portfolio in PGT Innovations, Inc. (NYSE:PGTI) for 89,980 shares. 3.09M are held by Price T Rowe Assoc Md. Hood River Cap Mngmt Ltd reported 0.7% in PGT Innovations, Inc. (NYSE:PGTI). Usa Financial Portformulas Corporation has 27,399 shares. California State Teachers Retirement Systems owns 0% invested in PGT Innovations, Inc. (NYSE:PGTI) for 73,709 shares. State Board Of Administration Of Florida Retirement, Florida-based fund reported 12,775 shares. Omers Administration stated it has 13,300 shares or 0% of all its holdings. Prudential accumulated 275,331 shares or 0.01% of the stock. Alliancebernstein Lp holds 0% or 59,000 shares.

Since May 17, 2018, it had 0 insider purchases, and 3 selling transactions for $3.26 million activity. West Bradley R sold $631,321 worth of PGT Innovations, Inc. (NYSE:PGTI) on Thursday, May 17. MCHUGH M JOSEPH also sold $1.70M worth of PGT Innovations, Inc. (NYSE:PGTI) on Friday, May 25.

PGT Inc (NASDAQ:PGTI) Receives a Downgrade

Professional analysts at Gabelli & Co’s equities division decreased shares of PGT Inc (NASDAQ:PGTI) from a “Buy” to a “Hold” rating today. Theses analysts currently have a TP of $22 on PGTI equating to a 7.06 % upside.

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 company was maintained on Thursday, February 22 by SunTrust. The firm has “Buy” rating by FBR Capital given on Tuesday, February 20. The stock of PGT Innovations, Inc. (NYSE:PGTI) earned “Buy” rating by Dougherty on Thursday, February 8.

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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