Renaissance Technologies LLC lifted its holdings in shares of PGT Innovations Inc (NYSE:PGTI) by 23.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,122,229 shares of the construction company’s stock after acquiring an additional 594,200 shares during the quarter. Renaissance Technologies LLC owned about 6.29% of PGT Innovations worth $52,610,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in PGTI. Campbell & CO Investment Adviser LLC bought a new stake in shares of PGT Innovations during the 3rd quarter valued at about $170,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of PGT Innovations in the 3rd quarter worth approximately $177,000. Gamco Investors INC. ET AL acquired a new stake in shares of PGT Innovations in the 4th quarter worth approximately $258,000. Municipal Employees Retirement System of Michigan lifted its stake in shares of PGT Innovations by 60.4% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 18,540 shares of the construction company’s stock worth $277,000 after acquiring an additional 6,980 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of PGT Innovations in the 4th quarter worth approximately $286,000. 93.27% of the stock is owned by institutional investors.
PGTI has been the subject of several recent research reports. ValuEngine raised shares of PGT Innovations from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. SunTrust Banks restated a “buy” rating and set a $19.00 price target on shares of PGT Innovations in a report on Friday, February 23rd. Zacks Investment Research upgraded shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, February 22nd. Finally, Dougherty & Co restated a “buy” rating and set a $19.00 price target (up previously from $18.00) on shares of PGT Innovations in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $18.17.
Shares of PGTI stock traded down $0.25 during mid-day trading on Friday, reaching $18.75. The company’s stock had a trading volume of 294,515 shares, compared to its average volume of 463,890. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.58 and a current ratio of 3.49. The stock has a market cap of $931.14, a price-to-earnings ratio of 30.74, a P/E/G ratio of 1.23 and a beta of 0.79. PGT Innovations Inc has a 1-year low of $10.10 and a 1-year high of $19.60.
PGT Innovations (NYSE:PGTI) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. The firm had revenue of $134.10 million during the quarter, compared to analysts’ expectations of $118.32 million. PGT Innovations had a net margin of 7.80% and a return on equity of 20.52%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. sell-side analysts predict that PGT Innovations Inc will post 0.86 earnings per share for the current year.
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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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