Renaissance Technologies LLC lifted its position in PGT Innovations Inc (NYSE:PGTI) by 23.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,122,229 shares of the construction company’s stock after purchasing an additional 594,200 shares during the period. Renaissance Technologies LLC owned about 6.29% of PGT Innovations worth $52,610,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in PGT Innovations by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 39,331 shares of the construction company’s stock worth $504,000 after acquiring an additional 1,278 shares during the period. HAP Trading LLC lifted its stake in PGT Innovations by 30.1% in the third quarter. HAP Trading LLC now owns 20,639 shares of the construction company’s stock worth $309,000 after acquiring an additional 4,777 shares during the period. Cadence Capital Management LLC lifted its stake in PGT Innovations by 5.0% in the third quarter. Cadence Capital Management LLC now owns 102,578 shares of the construction company’s stock worth $1,534,000 after acquiring an additional 4,905 shares during the period. Swiss National Bank lifted its position in PGT Innovations by 6.7% during the fourth quarter. Swiss National Bank now owns 83,300 shares of the construction company’s stock valued at $1,404,000 after buying an additional 5,200 shares during the period. Finally, First Trust Advisors LP lifted its position in PGT Innovations by 13.6% during the fourth quarter. First Trust Advisors LP now owns 44,971 shares of the construction company’s stock valued at $758,000 after buying an additional 5,374 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.
PGT Innovations Inc (NYSE PGTI) opened at $19.00 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.49 and a quick ratio of 2.58. The stock has a market capitalization of $938.59, a PE ratio of 30.98, a PEG ratio of 1.23 and a beta of 0.93. PGT Innovations Inc has a 52-week low of $10.00 and a 52-week high of $19.60.
PGT Innovations (NYSE:PGTI) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The firm had revenue of $134.10 million during the quarter, compared to analyst estimates of $118.32 million. PGT Innovations had a return on equity of 20.52% and a net margin of 7.80%. PGT Innovations’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. research analysts expect that PGT Innovations Inc will post 0.86 earnings per share for the current year.
Several brokerages have commented on PGTI. Zacks Investment Research lowered PGT Innovations from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. ValuEngine raised PGT Innovations from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. B. Riley raised their price objective on PGT Innovations from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Royal Bank of Canada reissued a “buy” rating on shares of PGT Innovations in a research report on Thursday, November 30th. Finally, SunTrust Banks reissued a “buy” rating and set a $19.00 price objective on shares of PGT Innovations in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. PGT Innovations currently has an average rating of “Buy” and an average target price of $18.17.
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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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