Geode Capital Management LLC increased its stake in PGT Innovations Inc (NASDAQ:PGTI) by 7.3% during the first quarter, Holdings Channel reports. The fund owned 357,744 shares of the construction company’s stock after buying an additional 24,298 shares during the period. Geode Capital Management LLC’s holdings in PGT Innovations were worth $3,845,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of PGTI. Mason Street Advisors LLC boosted its stake in shares of PGT Innovations by 7.0% in the first quarter. Mason Street Advisors LLC now owns 11,457 shares of the construction company’s stock valued at $123,000 after buying an additional 750 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of PGT Innovations by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the construction company’s stock valued at $215,000 after buying an additional 300 shares during the period. Sei Investments Co. boosted its stake in shares of PGT Innovations by 19.2% in the first quarter. Sei Investments Co. now owns 24,444 shares of the construction company’s stock valued at $263,000 after buying an additional 3,934 shares during the period. Gamco Investors INC. ET AL acquired a new stake in shares of PGT Innovations during the first quarter valued at about $264,000. Finally, Arizona State Retirement System boosted its stake in shares of PGT Innovations by 1.2% in the first quarter. Arizona State Retirement System now owns 25,535 shares of the construction company’s stock valued at $275,000 after buying an additional 300 shares during the period. 96.80% of the stock is owned by institutional investors.
Shares of PGT Innovations Inc (NASDAQ:PGTI) traded up 1.59% during midday trading on Friday, reaching $12.80. 77,950 shares of the company’s stock traded hands. The stock’s 50 day moving average is $12.94 and its 200-day moving average is $11.62. The company has a market capitalization of $634.91 million, a PE ratio of 22.90 and a beta of 0.93. PGT Innovations Inc has a 52 week low of $9.50 and a 52 week high of $13.85.
PGT Innovations (NASDAQ:PGTI) last announced its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. PGT Innovations had a return on equity of 8.95% and a net margin of 2.66%. The business had revenue of $137.38 million during the quarter, compared to analysts’ expectations of $127.79 million. During the same quarter last year, the business posted $0.15 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, analysts forecast that PGT Innovations Inc will post $0.60 earnings per share for the current fiscal year.
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PGTI has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $13.00 target price on shares of PGT Innovations in a research note on Friday, May 5th. Zacks Investment Research raised shares of PGT Innovations from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. TheStreet raised shares of PGT Innovations from a “c+” rating to a “b-” rating in a research note on Thursday, June 22nd. Finally, Raymond James Financial, Inc. cut shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $13.00.
In related news, Director Brett N. Milgrim sold 8,894 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $13.10, for a total transaction of $116,511.40. Following the sale, the director now owns 55,760 shares of the company’s stock, valued at $730,456. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Feintuch sold 49,459 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $13.19, for a total value of $652,364.21. Following the sale, the director now directly owns 81,051 shares in the company, valued at approximately $1,069,062.69. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,675 shares of company stock worth $879,808. Corporate insiders own 6.50% of the company’s stock.
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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