Russell Investments Group Ltd. increased its position in PGT Innovations Inc (NYSE:PGTI) by 38.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,328 shares of the construction company’s stock after purchasing an additional 114,213 shares during the period. Russell Investments Group Ltd. owned approximately 0.70% of PGT Innovations worth $6,876,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Texas Permanent School Fund lifted its stake in PGT Innovations by 4.0% during the 1st quarter. Texas Permanent School Fund now owns 39,437 shares of the construction company’s stock valued at $546,000 after acquiring an additional 1,522 shares during the period. Gabelli Funds LLC increased its position in shares of PGT Innovations by 88.9% during the 1st quarter. Gabelli Funds LLC now owns 170,000 shares of the construction company’s stock valued at $2,355,000 after purchasing an additional 80,000 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of PGT Innovations by 101.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 49,301 shares of the construction company’s stock valued at $683,000 after purchasing an additional 24,797 shares during the last quarter. Boston Partners purchased a new stake in shares of PGT Innovations during the 1st quarter valued at about $1,889,000. Finally, Brasada Capital Management LP increased its position in shares of PGT Innovations by 28.1% during the 1st quarter. Brasada Capital Management LP now owns 20,500 shares of the construction company’s stock valued at $284,000 after purchasing an additional 4,500 shares during the last quarter. Institutional investors own 91.27% of the company’s stock.
PGT Innovations stock traded up $0.40 during midday trading on Thursday, hitting $17.28. The stock had a trading volume of 13,766 shares, compared to its average volume of 482,762. The firm’s fifty day moving average is $14.95 and its two-hundred day moving average is $15.18. The company has a market capitalization of $988.93 million, a PE ratio of 14.49, a P/E/G ratio of 1.83 and a beta of 1.00. PGT Innovations Inc has a 52-week low of $13.30 and a 52-week high of $25.00. The company has a current ratio of 2.99, a quick ratio of 2.40 and a debt-to-equity ratio of 0.95.
PGT Innovations (NYSE:PGTI) last released its earnings results on Thursday, August 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $199.00 million during the quarter, compared to analyst estimates of $206.34 million. PGT Innovations had a net margin of 6.48% and a return on equity of 15.36%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 EPS. As a group, equities research analysts predict that PGT Innovations Inc will post 0.94 earnings per share for the current fiscal year.
In other PGT Innovations news, Director Rodney Hershberger sold 23,505 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $15.84, for a total transaction of $372,319.20. Following the completion of the sale, the director now directly owns 1,181,135 shares of the company’s stock, valued at approximately $18,709,178.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Andrew Keller acquired 3,500 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were bought at an average cost of $14.15 per share, with a total value of $49,525.00. Following the completion of the acquisition, the insider now owns 29,328 shares in the company, valued at $414,991.20. The disclosure for this purchase can be found here. Insiders sold a total of 59,305 shares of company stock valued at $903,726 over the last three months. 4.60% of the stock is currently owned by insiders.
Several equities research analysts have recently commented on the stock. G.Research reaffirmed a “buy” rating on shares of PGT Innovations in a research report on Friday, August 2nd. ValuEngine raised shares of PGT Innovations from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Zacks Investment Research lowered shares of PGT Innovations from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, Gabelli raised shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. PGT Innovations has a consensus rating of “Buy” and an average target price of $22.88.
PGT Innovations Company Profile
PGT Innovations, Inc manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It 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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