Gamco Investors INC. ET AL Purchases Shares of 15,300 PGT Innovations Inc (NYSE:PGTI)

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.

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

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