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PGTI

PGT, Inc.

$10.27

-0.4 (-3.75%)

, GNRC

Generac

$37.78

1.156 (3.16%)

13:49
10/04/16
10/04
13:49
10/04/16
13:49

PGT, Inc., other 'hurricane stocks' trade higher as Matthew menaces

Shares of of PGT, Inc. (PGTI), a maker of impact-resistant windows, are trading higher after a hurricane watch was issued Tuesday for parts of Florida's Atlantic Coast, as Hurricane Matthew moves through the Caribbean. Recent computer models show the possibility of the hurricane's path now getting closer to the east coast of the United States. On its website, PGT, Inc. described itself as "the nation's leading manufacturer and supplier of residential impact-resistant windows and doors. Located in southwest Florida, PGT products are sold in the Eastern U.S., the Gulf Coast, the Caribbean, and other international markets." PRICE ACTION: Shares of PGT, Inc. are up almost 5% to $10.78 per share in afternoon trading. OTHER HURRICANE STOCKS TO WATCH: Other companies whose shares may trade higher during hurricane threats include Generac Holdings (GNRC), Briggs & Stratton (BGG), Beacon Roofing Supply (BECN), and Quanta Services (PWR).

PGTI

PGT, Inc.

$10.27

-0.4 (-3.75%)

GNRC

Generac

$37.78

1.156 (3.16%)

BGG

Briggs & Stratton

$19.22

0.58 (3.11%)

BECN

Beacon Roofing

$41.50

-0.57 (-1.35%)

PWR

Quanta Services

$27.89

0.01 (0.04%)

PGTI PGT, Inc.
$10.27

-0.4 (-3.75%)

08/04/16
08/04/16
NO CHANGE

PGT, Inc. reports Q2 adjusted EPS 15c, consensus 15c
Reports Q2 revenue $119.0M, consensus $124.29M. Reports Q2 gross margin of 31.5% vs. 32.7% a year ago.
05/09/16
05/09/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. 1-800-Flowers.com (FLWS) initiated with a Buy at Craig-Hallum. 2. Baker Hughes (BHI) reinstated with a Neutral at Goldman. 3. Halliburton (HAL) reinstated with a Buy at Goldman. 4. Mellanox (MLNX) initiated with a Buy at Brean Capital by analyst Mike Burton, who said consensus expectations are reasonable and the company should accelerate revenue in the second half of 2016. 5. PGT, Inc. (PGTI) initiated with a Buy at Gabelli. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/05/16
RBCM
08/05/16
NO CHANGE
RBCM
PGT, Inc. weakness creates buying opportunity, says RBC Capital
After PGT reported slightly lower than expected revenue but in-line EPS, analyst Robert Wetenhall remains upbeat on the company's demand outlook, and he thinks that the company will be able to resolve its operational issues by the end of the year. He adds that the company's profitability is improving, and he keeps an Outperform rating on the shares.
05/09/16
GABE
05/09/16
INITIATION
GABE
Buy
PGT, Inc. initiated with a Buy at Gabelli
GNRC Generac
$37.78

1.156 (3.16%)

12/30/15
12/30/15
INITIATION

On the Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AVANGRID (AGR) initiated with an Outperform at Wells Fargo...Agile Therapeutics (AGRX) initiated with a Buy at Noble Financial...Energen (EGN) initiated with an Equal Weight at Stephens Generac (GNRC) initiated with a Neutral at Northcoast...Healthstream (HSTM) initiated with a Neutral at Sidoti...Kura Oncology (KURA) initiated with an Outperform at Oppenheimer...Performance Sports Group (PSG) initiated with an Outperform at Oppenheimer...Skullcandy (SKUL) initiated with an Outperform at Oppenheimer.
03/14/16
BOFA
03/14/16
UPGRADE
Target $40
BOFA
Buy
Generac upgraded to Buy from Neutral at BofA/Merrill
As previously reported, BofA/Merrill upgraded Generac to Buy from Neutral. Analyst Ross Gilardi believes Generac shares are posied to rebound following a difficult 2015 as consensus finally looks beatable. The analyst sees an opportunity for Generac to cross sell and reduce SG&A for the acquired Pramac business and for free cash flow growth to significantly reduce net debt. . Gilardi raised his price target to $40 from $34 on WABCO shares.
03/14/16
BOFA
03/14/16
UPGRADE
BOFA
Buy
Generac upgraded to Buy from Neutral at BofA/Merrill
08/01/16
BOFA
08/01/16
DOWNGRADE
BOFA
Neutral
Generac downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Ross Gilardi downgraded Generac to Neutral citing valuation and downside risks to the 2016 core Residential outlook for flat following soft survey results. The analyst has a $39 price target on shares.
BGG Briggs & Stratton
$19.22

0.58 (3.11%)

06/01/16
RAJA
06/01/16
DOWNGRADE
RAJA
Market Perform
Briggs & Stratton downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Sam Darkatsh downgraded Briggs & Stratton to Market Perform and cut estimates due to recent weather. Darkatsh previously believed unseasonably favorable weather in February and March gave a higher probability of a material earnings beat this spring. However, he said it is increasingly unlikely this will paly out as European weather conditions have disappointed and April and May weather worsened.
04/15/16
BARD
04/15/16
DOWNGRADE
Target $23
BARD
Neutral
Briggs & Stratton downgraded to Neutral at Baird
As previously reported, Baird analyst Timothy Wojs downgraded Briggs & Stratton to Neutral from Outperform, noting that the stock's valuation multiple has approached historically high levels after its run-up so far this year. Longer-term concerns, such as potential commoditization of small gas engines and continued development of battery technologies, merit stronger consideration given the higher multiple, believes Wojs, who maintains a $23 price target on the shares.
04/15/16
BARD
04/15/16
DOWNGRADE
BARD
Neutral
Briggs & Stratton downgraded to Neutral from Outperform at Baird
03/11/16
NRCS
03/11/16
DOWNGRADE
Target $24
NRCS
Neutral
Briggs & Stratton downgraded to Neutral from Buy at Northcoast
Northcoast analyst Tom Hayes downgraded Briggs & Stratton to Neutral based on valuation and maintained his $24 price target on shares.
BECN Beacon Roofing
$41.50

-0.57 (-1.35%)

07/06/16
JEFF
07/06/16
INITIATION
Target $46
JEFF
Hold
Beacon Roofing initiated with a Hold at Jefferies
Jefferies analyst Philip Ng started Beacon Roofing Supply with a Hold rating and $46 price target.
06/10/16
06/10/16
UPGRADE

Buy
Beacon Roofing upgraded to Buy from Hold at BB&T
09/06/16
WEDB
09/06/16
INITIATION
Target $50
WEDB
Neutral
Beacon Roofing initiated with a Neutral at Wedbush
Wedbush analyst Al Kaschalk initiated Beacon Roofing with a Neutral and $50 price target citing valuation.
09/23/16
WBLR
09/23/16
NO CHANGE
WBLR
Outperform
Beacon Roofing selloff brings buying opportunity, says William Blair
William Blair analyst Ryan Merkel views the 9% pullback in shares of Beacon Roofing Supply (BECN) over the past two weeks as overdone. After speaking to management, the analyst attributes the stock weakness to fears of new construction peaking. Only about 10% of Beacon's sales are tied to new construction, however, with 90% tied to replacement, Merkel tells investors in a research note. He notes the company's close peers, Watsco (WSO) and Pool Corp. (POOL), have sold off far less. Merkel adds that his firm's roofing surveys indicate that fundamentals remain healthy and there has been no noticeable slowdown. He sees a good buying opportunity at current levels and keeps an Outperform rating on Beacon.
PWR Quanta Services
$27.89

0.01 (0.04%)

08/05/16
STFL
08/05/16
UPGRADE
STFL
Buy
Quanta Services upgraded to Buy from Hold at Stifel
08/05/16
STFL
08/05/16
UPGRADE
STFL
Buy
Quanta Services upgraded on favorable set-up at Stifel
As noted earlier, Stifel upgraded Quanta to Buy from Hold. Analyst Noelle Dilts is upbeat on the company's core transmission market and expects "a significant potion" of its power plant write downs to be recovered this quarter. Target $28.
03/21/16
DADA
03/21/16
NO CHANGE
DADA
Quanta Services price target raised to $28 from $24 at DA Davidson
DA Davidson expects Quanta's backlog and visibility to be boosted by new project awards in Q1, along with the stabilization of electrical contracting work in 2016. The firm keeps a Buy rating on the shares.
05/03/16
KEYB
05/03/16
NO CHANGE
KEYB
Energy pipe outlook positive, says KeyBanc
After conducting checks, KeyBanc says that the environment for large diameter mainline pipe construction appears to be "robust." The firm says that capex cut in the energy sector are more focused on other areas. It identifies MasTec (MTZ) and Quanta Services (PWR) as "key beneficiaries" of the favorable trends.

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SPY

SPDR S&P 500 ETF Trust

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PZRX

PhaseRx

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VRX

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