Columbus Circle Investors Buys Shares of 178,029 PGT, Inc. (NYSE:PGTI)

Columbus Circle Investors purchased a new stake in PGT, Inc. (NYSE:PGTI) in the third quarter, according to its most recent filing with the SEC. The fund purchased 178,029 shares of the construction company’s stock, valued at approximately $2,662,000. Columbus Circle Investors owned about 0.36% of PGT at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HAP Trading LLC grew its stake in PGT by 30.1% during the 3rd quarter. HAP Trading LLC now owns 20,639 shares of the construction company’s stock worth $309,000 after buying an additional 4,777 shares during the last quarter. Hood River Capital Management LLC grew its stake in PGT by 22.1% during the 3rd quarter. Hood River Capital Management LLC now owns 731,077 shares of the construction company’s stock worth $10,930,000 after buying an additional 132,101 shares during the last quarter. Russell Investments Group Ltd. grew its stake in PGT by 132.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 357,058 shares of the construction company’s stock worth $5,338,000 after buying an additional 203,395 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in PGT by 60.4% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 18,540 shares of the construction company’s stock worth $277,000 after buying an additional 6,980 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in PGT by 72.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 25,098 shares of the construction company’s stock worth $375,000 after buying an additional 10,530 shares during the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

In other news, Director William J. Morgan sold 41,395 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $15.71, for a total value of $650,315.45. Following the completion of the sale, the director now owns 75,508 shares in the company, valued at $1,186,230.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard D. Feintuch sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $16.05, for a total value of $802,500.00. Following the completion of the sale, the director now owns 75,508 shares of the company’s stock, valued at approximately $1,211,903.40. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

PGTI has been the subject of a number of recent research reports. Royal Bank Of Canada restated a “buy” rating on shares of PGT in a research note on Thursday, November 30th. B. Riley boosted their price target on PGT from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Dougherty & Co upgraded PGT from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. SunTrust Banks reiterated a “buy” rating on shares of PGT in a research report on Tuesday, September 12th. Finally, BidaskClub upgraded PGT from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $16.67.

Shares of PGT, Inc. (PGTI) traded up $0.10 during mid-day trading on Thursday, reaching $16.20. The company’s stock had a trading volume of 316,597 shares, compared to its average volume of 318,200. The company has a quick ratio of 2.71, a current ratio of 3.67 and a debt-to-equity ratio of 1.50. PGT, Inc. has a one year low of $10.00 and a one year high of $16.50. The firm has a market cap of $799.54, a price-to-earnings ratio of 30.38, a PEG ratio of 1.77 and a beta of 1.21.

PGT (NYSE:PGTI) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.03). The business had revenue of $126.90 million for the quarter, compared to analyst estimates of $129.82 million. PGT had a return on equity of 19.02% and a net margin of 4.87%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 EPS. analysts predict that PGT, Inc. will post 0.56 EPS for the current year.

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PGT 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.

Institutional Ownership by Quarter for PGT (NYSE:PGTI)

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