Schwab Charles Investment Management Inc. grew its holdings in PGT Innovations Inc (NYSE:PGTI) by 7.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 0.46% of PGT Innovations worth $3,382,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in PGTI. Piedmont Investment Advisors LLC purchased a new position in shares of PGT Innovations in the second quarter valued at approximately $137,000. Citadel Advisors LLC purchased a new position in shares of PGT Innovations in the second quarter valued at approximately $147,000. Empirical Finance LLC purchased a new position in shares of PGT Innovations in the third quarter valued at approximately $160,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of PGT Innovations in the third quarter valued at approximately $170,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of PGT Innovations in the third quarter valued at approximately $177,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.
PGT Innovations Inc (NYSE:PGTI) opened at $17.15 on Monday. The firm has a market capitalization of $851.68, a P/E ratio of 37.28, a price-to-earnings-growth ratio of 1.44 and a beta of 1.21. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.67 and a quick ratio of 2.71. PGT Innovations Inc has a fifty-two week low of $10.00 and a fifty-two week high of $17.60.
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 the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). PGT Innovations had a net margin of 4.87% and a return on equity of 19.02%. The firm had revenue of $126.90 million for the quarter, compared to analyst estimates of $129.82 million. During the same period in the prior year, the company posted $0.19 earnings per share. The business’s revenue was down 2.2% on a year-over-year basis. equities analysts forecast that PGT Innovations Inc will post 0.56 earnings per share for the current year.
In other news, Director Richard D. Feintuch sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $16.05, for a total transaction of $802,500.00. Following the completion of the sale, the director now directly owns 75,508 shares of the company’s stock, valued at approximately $1,211,903.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William J. Morgan sold 41,395 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $15.71, for a total value of $650,315.45. Following the sale, the director now directly owns 75,508 shares of the company’s stock, valued at $1,186,230.68. The disclosure for this sale can be found here. 6.10% of the stock is owned by company insiders.
PGTI has been the topic of several recent research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $17.00 price objective on shares of PGT Innovations in a research report on Wednesday, November 15th. Dougherty & Co raised shares of PGT Innovations from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. BidaskClub downgraded shares of PGT Innovations from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. B. Riley upped their price objective on shares of PGT Innovations from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, KeyCorp reaffirmed a “hold” rating on shares of PGT Innovations in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $16.67.
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PGT Innovations Company 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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