Sei Investments Co. increased its position in shares of PGT Innovations Inc (NYSE:PGTI) by 742.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,816 shares of the construction company’s stock after purchasing an additional 44,783 shares during the period. Sei Investments Co. owned about 0.10% of PGT Innovations worth $1,059,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in shares of PGT Innovations by 12.4% during the second quarter. Victory Capital Management Inc. now owns 20,483 shares of the construction company’s stock valued at $427,000 after purchasing an additional 2,267 shares during the period. Citigroup Inc. increased its position in shares of PGT Innovations by 27.2% during the first quarter. Citigroup Inc. now owns 14,236 shares of the construction company’s stock valued at $265,000 after purchasing an additional 3,042 shares during the period. Swiss National Bank increased its position in shares of PGT Innovations by 3.7% during the first quarter. Swiss National Bank now owns 86,400 shares of the construction company’s stock valued at $1,611,000 after purchasing an additional 3,100 shares during the period. US Bancorp DE increased its position in shares of PGT Innovations by 7.2% during the first quarter. US Bancorp DE now owns 56,135 shares of the construction company’s stock valued at $1,047,000 after purchasing an additional 3,776 shares during the period. Finally, Northern Trust Corp increased its position in shares of PGT Innovations by 0.7% during the first quarter. Northern Trust Corp now owns 621,856 shares of the construction company’s stock valued at $11,598,000 after purchasing an additional 4,539 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.
Shares of PGTI stock opened at $26.20 on Tuesday. The company has a current ratio of 4.24, a quick ratio of 3.47 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $1.29 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.21 and a beta of 0.84. PGT Innovations Inc has a one year low of $13.05 and a one year high of $26.40.
PGT Innovations (NYSE:PGTI) last announced its quarterly earnings results on Monday, July 30th. The construction company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.10. The business had revenue of $169.27 million for the quarter, compared to analyst estimates of $169.00 million. PGT Innovations had a return on equity of 26.98% and a net margin of 9.90%. PGT Innovations’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 EPS. research analysts expect that PGT Innovations Inc will post 1.09 earnings per share for the current fiscal year.
PGTI has been the topic of a number of research reports. Gabelli cut PGT Innovations from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research report on Thursday, June 14th. They noted that the move was a valuation call. B. Riley boosted their price objective on PGT Innovations from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.00.
About PGT Innovations
PGT Innovations, Inc 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.
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