TD Asset Management Inc. Sells 67,000 Shares of PGT Innovations Inc (PGTI)

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.

In other PGT Innovations news, Director Rodney Hershberger sold 34,851 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $17.12, for a total value of $596,649.12. Following the sale, the director now directly owns 1,106,139 shares in the company, valued at $18,937,099.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.80% of the stock is currently owned by insiders.

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.

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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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Institutional Ownership by Quarter for PGT Innovations (NYSE:PGTI)

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