NumerixS Investment Technologies Inc acquired a new position in PGT Innovations Inc (NYSE:PGTI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 7,013 shares of the construction company’s stock, valued at approximately $110,000.
Several other hedge funds have also bought and sold shares of PGTI. New York State Teachers Retirement System increased its position in PGT Innovations by 4.3% in the 4th quarter. New York State Teachers Retirement System now owns 33,038 shares of the construction company’s stock valued at $524,000 after buying an additional 1,355 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of PGT Innovations by 61.6% in the 4th quarter. Advisor Group Inc. now owns 3,831 shares of the construction company’s stock worth $62,000 after buying an additional 1,460 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of PGT Innovations by 4.1% in the 4th quarter. Texas Permanent School Fund now owns 37,915 shares of the construction company’s stock worth $601,000 after buying an additional 1,476 shares during the last quarter. Summit Global Investments boosted its stake in shares of PGT Innovations by 4.6% in the 4th quarter. Summit Global Investments now owns 36,600 shares of the construction company’s stock worth $580,000 after buying an additional 1,600 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of PGT Innovations by 182.2% in the 4th quarter. IFP Advisors Inc now owns 2,822 shares of the construction company’s stock worth $44,000 after buying an additional 1,822 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently commented on PGTI shares. Zacks Investment Research downgraded PGT Innovations from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 15th. Dougherty & Co reaffirmed a “buy” rating and issued a $22.00 price target (down previously from $27.00) on shares of PGT Innovations in a report on Thursday, February 28th. Wells Fargo & Co cut PGT Innovations from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 28th. ValuEngine cut PGT Innovations from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. Finally, JPMorgan Chase & Co. initiated coverage on shares of PGT Innovations in a research report on Tuesday, December 18th. They set a “neutral” rating and a $19.00 price target for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.75.
Shares of PGTI opened at $14.48 on Friday. The company has a market cap of $849.13 million, a P/E ratio of 12.27, a PEG ratio of 0.74 and a beta of 1.03. The company has a quick ratio of 2.20, a current ratio of 2.85 and a debt-to-equity ratio of 0.95. PGT Innovations Inc has a twelve month low of $13.94 and a twelve month high of $26.40.
PGT Innovations (NYSE:PGTI) last announced its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $189.89 million during the quarter, compared to the consensus estimate of $173.39 million. PGT Innovations had a net margin of 7.72% and a return on equity of 22.09%. The firm’s quarterly revenue was up 41.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. On average, sell-side analysts anticipate that PGT Innovations Inc will post 1 EPS for the current fiscal year.
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PGT Innovations Company Profile
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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