Gamco Investors INC. ET AL bought a new stake in PGT Innovations Inc (NYSE:PGTI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,300 shares of the construction company’s stock, valued at approximately $258,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC purchased a new position in PGT Innovations in the second quarter valued at about $137,000. Empirical Finance LLC bought a new stake in shares of PGT Innovations in the third quarter valued at approximately $160,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of PGT Innovations in the third quarter valued at approximately $170,000. State Board of Administration of Florida Retirement System bought a new stake in shares of PGT Innovations in the third quarter valued at approximately $177,000. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of PGT Innovations by 60.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 18,540 shares of the construction company’s stock valued at $277,000 after purchasing an additional 6,980 shares during the period. Hedge funds and other institutional investors own 88.32% of the company’s stock.
PGT Innovations Inc (PGTI) remained flat at $$17.60 during trading on Wednesday. The company had a trading volume of 199,565 shares, compared to its average volume of 303,033. The company has a current ratio of 3.67, a quick ratio of 2.71 and a debt-to-equity ratio of 1.50. The firm has a market cap of $774.71, a P/E ratio of 37.83, a price-to-earnings-growth ratio of 1.31 and a beta of 1.06. PGT Innovations Inc has a 52-week low of $10.00 and a 52-week high of $17.90.
PGT Innovations (NYSE:PGTI) last posted its earnings results on Tuesday, February 20th. The construction company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.04. The business had revenue of $134.10 million for the quarter, compared to analyst estimates of $118.32 million. PGT Innovations had a net margin of 4.87% and a return on equity of 19.02%. PGT Innovations’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. analysts forecast that PGT Innovations Inc will post 0.56 EPS for the current year.
Several analysts have recently issued reports on PGTI shares. Royal Bank of Canada reissued a “buy” rating and issued a $17.00 price target on shares of PGT Innovations in a research report on Wednesday, November 15th. B. Riley boosted their price target on shares of PGT Innovations from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Dougherty & Co reaffirmed a “buy” rating and set a $19.00 target price (up previously from $18.00) on shares of PGT Innovations in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. PGT Innovations currently has a consensus rating of “Buy” and a consensus price target of $17.25.
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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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