Kornitzer Capital Management Inc. KS increased its stake in PGT Innovations Inc (NYSE:PGTI) by 33.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 333,195 shares of the construction company’s stock after acquiring an additional 83,015 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.57% of PGT Innovations worth $5,754,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PGTI. US Bancorp DE raised its position in PGT Innovations by 3.1% during the 2nd quarter. US Bancorp DE now owns 25,756 shares of the construction company’s stock valued at $430,000 after purchasing an additional 772 shares during the last quarter. Arizona State Retirement System raised its position in PGT Innovations by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 90,509 shares of the construction company’s stock valued at $1,513,000 after purchasing an additional 908 shares during the last quarter. Bank of Montreal Can raised its position in PGT Innovations by 18.8% during the 2nd quarter. Bank of Montreal Can now owns 5,956 shares of the construction company’s stock valued at $100,000 after purchasing an additional 944 shares during the last quarter. Aperio Group LLC raised its position in PGT Innovations by 6.2% during the 2nd quarter. Aperio Group LLC now owns 21,567 shares of the construction company’s stock valued at $361,000 after purchasing an additional 1,258 shares during the last quarter. Finally, Spitfire Capital LLC raised its position in PGT Innovations by 0.6% during the 2nd quarter. Spitfire Capital LLC now owns 274,047 shares of the construction company’s stock valued at $4,582,000 after purchasing an additional 1,700 shares during the last quarter. 91.17% of the stock is owned by institutional investors.
Shares of PGTI stock traded down $0.09 during midday trading on Friday, reaching $15.36. 1,075,266 shares of the stock were exchanged, compared to its average volume of 470,093. PGT Innovations Inc has a 1 year low of $13.30 and a 1 year high of $21.49. The company’s 50 day moving average is $17.39 and its two-hundred day moving average is $16.00. The company has a current ratio of 2.99, a quick ratio of 2.40 and a debt-to-equity ratio of 0.95. The firm has a market cap of $1.05 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 2.08 and a beta of 0.98.
PGT Innovations (NYSE:PGTI) last posted its earnings results on Thursday, November 7th. The construction company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). PGT Innovations had a return on equity of 15.36% and a net margin of 6.48%. The firm had revenue of $197.82 million for the quarter, compared to analysts’ expectations of $196.78 million. During the same quarter last year, the company posted $0.38 EPS. The firm’s revenue was down .6% on a year-over-year basis. As a group, equities analysts expect that PGT Innovations Inc will post 0.93 EPS for the current fiscal year.
A number of research analysts have commented on PGTI shares. Gabelli raised 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. G.Research reaffirmed a “buy” rating on shares of PGT Innovations in a research report on Friday, August 2nd. ValuEngine lowered PGT Innovations from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Zacks Investment Research raised PGT Innovations from a “sell” rating to a “hold” rating and set a $20.00 price target for the company in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and four have given 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.
In other news, insider Robert Andrew Keller bought 3,500 shares of PGT Innovations stock in a transaction on Tuesday, August 20th. The shares were purchased at an average price of $14.15 per share, for a total transaction of $49,525.00. Following the acquisition, the insider now owns 29,328 shares of the company’s stock, valued at $414,991.20. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rodney Hershberger sold 11,530 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $17.96, for a total value of $207,078.80. Following the completion of the sale, the director now owns 1,300,458 shares in the company, valued at approximately $23,356,225.68. The disclosure for this sale can be found here. Insiders have sold a total of 58,695 shares of company stock worth $945,882 in the last quarter. Company insiders own 5.80% of the company’s stock.
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.
Featured Story: Cost of Capital
Receive News & Ratings for PGT Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PGT Innovations and related companies with MarketBeat.com's FREE daily email newsletter.