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PGT Inc (PGTI) Receives a Buy from B.Riley FBR


In a report released today, Alex Rygiel from B.Riley FBR reiterated a Buy rating on PGT Inc (NYSE: PGTI), with a price target of $28. The company’s shares closed yesterday at $24.

Rygiel said:

“We continue to believe that PGT Innovations (PGTI) has a unique product offering (impact resistant windows) that offers greater growth opportunities than most other building materials categories. In this report, we are raising our estimates for the Western Window Systems (WWS) acquisition which closed on August 13. We reiterate our Buy rating and our $28 price target, which was pro forma the Western Window acquisition.”

According to TipRanks.com, Rygiel is a 5-star analyst with an average return of 12.3% and a 62.7% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Granite Construction Inc, Tutor Perini Corp, and Quanta Services.

PGT Inc has an analyst consensus of Moderate Buy, with a price target consensus of $27.50.

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PGT Inc’s market cap is currently $1.22B and has a P/E ratio of 22.22. The company has a Price to Book ratio of 5.83.

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PGT Innovations, Inc. engages in the manufacture and sale of windows and doors. It offers its products under the brands PGT Custom Windows & Doors, CGI, and WinDoor. The company was founded on December 16, 2003 and is headquartered in North Venice, FL.