Long Position on PGTI @ $21.15 on 6/12/2018 (Momentum)

PGT Innovations, Inc. (PGTI) 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 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 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.

In addition, the company offers premium aluminum impact-resistant products; aluminum impact-resistant windows and doors; vinyl energy-efficient impact-resistant windows; and commercial storefront window system and entry doors.

Further, it provides high-end luxury aluminum doors and windows, such as impact and non-impact sliding glass doors and terrace doors, fixed picture windows, single hung windows, and horizontal rolling windows; and various aluminum thermally broken doors and windows. The company offers its products primarily under the PGT, CGI, and WinDoor brands, as well as WinGuard, WinGuard Vinyl, EnergyVue, Eze-Breeze, Estate Collection, Sentinel, Estate Entrances, Commercial Series, and Targa names.

It serves residential new construction, and home repair and remodeling end markets through window and building supply distributors, window replacement dealers, and enclosure contractors. 

Shares have formed a bullish "cup and handle" are on the cusp of a breakout. Higher share prices are expected for this stock. 

Entry Point: $21.15

Stop Loss: $20.00

52-Weeks Trading Range: $11.90 - $21.97

Target Price: $23.26

Updates

7/27/2018 9:52:32 AM

PGTI closed at $23.85.

Position closed on 7/27/2018 at price of $23.85 with a 12.77% gain in 45 days.

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