TD Asset Management Inc. trimmed its stake in PGT Innovations Inc (NYSE:PGTI) by 51.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 62,000 shares of the construction company’s stock after selling 67,000 shares during the quarter. TD Asset Management Inc. owned approximately 0.11% of PGT Innovations worth $983,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc raised its stake in shares of PGT Innovations by 182.2% during the fourth quarter. IFP Advisors Inc now owns 2,822 shares of the construction company’s stock valued at $44,000 after purchasing an additional 1,822 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of PGT Innovations during the fourth quarter valued at about $94,000. Fox Run Management L.L.C. bought a new stake in shares of PGT Innovations during the fourth quarter valued at about $167,000. Oppenheimer Asset Management Inc. bought a new stake in shares of PGT Innovations during the third quarter valued at about $214,000. Finally, Acadian Asset Management LLC bought a new stake in shares of PGT Innovations during the third quarter valued at about $238,000. Institutional investors own 93.44% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, December 18th. ValuEngine cut shares of PGT Innovations from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Deutsche Bank boosted their price target on shares of PGT Innovations from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, November 5th. Finally, JPMorgan Chase & Co. began coverage on shares of PGT Innovations in a research report on Tuesday, December 18th. They issued a “neutral” rating and a $19.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. PGT Innovations presently has a consensus rating of “Buy” and an average price target of $23.38.
Shares of PGT Innovations stock opened at $17.75 on Friday. The company has a current ratio of 2.82, a quick ratio of 2.16 and a debt-to-equity ratio of 0.99. PGT Innovations Inc has a 52 week low of $14.64 and a 52 week high of $26.40. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 0.70 and a beta of 1.10.
COPYRIGHT VIOLATION WARNING: This news story was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.com-unik.info/2019/02/23/td-asset-management-inc-sells-67000-shares-of-pgt-innovations-inc-pgti.html.
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.
Recommended Story: What is a Derivative?
Want to see what other hedge funds are holding PGTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PGT Innovations Inc (NYSE:PGTI).
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.