Schwab Charles Investment Management Inc. boosted its stake in shares of PGT Innovations Inc (NYSE:PGTI) by 7.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 226,166 shares of the construction company’s stock after buying an additional 14,717 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.46% of PGT Innovations worth $3,382,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its holdings in PGT Innovations by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 128,064 shares of the construction company’s stock valued at $1,639,000 after buying an additional 973 shares during the period. Nationwide Fund Advisors raised its holdings in PGT Innovations by 3.6% during the 2nd quarter. Nationwide Fund Advisors now owns 28,511 shares of the construction company’s stock valued at $365,000 after buying an additional 988 shares during the period. The Manufacturers Life Insurance Company raised its holdings in PGT Innovations by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,331 shares of the construction company’s stock valued at $504,000 after buying an additional 1,278 shares during the period. Teachers Advisors LLC raised its holdings in PGT Innovations by 2.7% during the 2nd quarter. Teachers Advisors LLC now owns 88,954 shares of the construction company’s stock valued at $1,139,000 after buying an additional 2,355 shares during the period. Finally, Voya Investment Management LLC increased its stake in PGT Innovations by 12.1% in the second quarter. Voya Investment Management LLC now owns 26,551 shares of the construction company’s stock worth $340,000 after purchasing an additional 2,860 shares during the period. Institutional investors own 92.39% of the company’s stock.
In other news, Director Richard D. Feintuch sold 50,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $16.05, for a total transaction of $802,500.00. Following the transaction, the director now owns 75,508 shares of the company’s stock, valued at approximately $1,211,903.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William J. Morgan sold 41,395 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $15.71, for a total value of $650,315.45. Following the transaction, the director now directly owns 75,508 shares in the company, valued at approximately $1,186,230.68. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by corporate insiders.
PGT Innovations Inc (PGTI) opened at $17.45 on Monday. PGT Innovations Inc has a 12-month low of $10.00 and a 12-month high of $17.60. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.71 and a current ratio of 3.67. The stock has a market capitalization of $866.58, a price-to-earnings ratio of 37.94, a PEG ratio of 1.47 and a beta of 1.21.
PGT Innovations (NYSE:PGTI) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). PGT Innovations had a return on equity of 19.02% and a net margin of 4.87%. The firm had revenue of $126.90 million for the quarter, compared to the consensus estimate of $129.82 million. During the same period in the previous year, the company posted $0.19 EPS. PGT Innovations’s quarterly revenue was down 2.2% compared to the same quarter last year. research analysts forecast that PGT Innovations Inc will post 0.56 earnings per share for the current fiscal year.
PGTI has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $17.00 target price on shares of PGT Innovations in a research note on Wednesday, November 15th. BidaskClub lowered PGT Innovations from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. B. Riley increased their target price on PGT Innovations from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. KeyCorp reiterated a “hold” rating on shares of PGT Innovations in a research note on Tuesday, September 26th. Finally, Dougherty & Co upgraded PGT Innovations from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $16.67.
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PGT Innovations Profile
PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.
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