NumerixS Investment Technologies Inc acquired a new stake in PGT Innovations Inc (NYSE:PGTI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,013 shares of the construction company’s stock, valued at approximately $110,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fiera Capital Corp increased its position in PGT Innovations by 547.1% in the fourth quarter. Fiera Capital Corp now owns 1,051,118 shares of the construction company’s stock worth $16,660,000 after buying an additional 888,676 shares during the period. Northern Trust Corp boosted its position in shares of PGT Innovations by 10.7% in the 4th quarter. Northern Trust Corp now owns 721,492 shares of the construction company’s stock valued at $11,435,000 after purchasing an additional 69,787 shares during the period. Blueshift Asset Management LLC acquired a new stake in PGT Innovations during the 4th quarter worth about $702,000. Citigroup Inc. boosted its position in PGT Innovations by 20.0% during the 4th quarter. Citigroup Inc. now owns 40,442 shares of the construction company’s stock worth $641,000 after acquiring an additional 6,739 shares during the period. Finally, Advisor Group Inc. boosted its position in PGT Innovations by 61.6% during the 4th quarter. Advisor Group Inc. now owns 3,831 shares of the construction company’s stock worth $62,000 after acquiring an additional 1,460 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.
PGTI has been the topic of a number of recent analyst reports. ValuEngine downgraded PGT Innovations from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. Zacks Investment Research lowered PGT Innovations from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Dougherty & Co reissued a “buy” rating and set a $22.00 price objective (down previously from $27.00) on shares of PGT Innovations in a report on Thursday, February 28th. Wells Fargo & Co lowered PGT Innovations from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 28th. Finally, JPMorgan Chase & Co. began coverage on PGT Innovations in a research note on Tuesday, December 18th. They issued a “neutral” rating and a $19.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $23.75.
In related news, insider Jeffrey T. Jackson purchased 3,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of $14.35 per share, for a total transaction of $43,050.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard D. Feintuch bought 4,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average price of $14.54 per share, for a total transaction of $58,160.00. Following the purchase, the director now directly owns 98,300 shares in the company, valued at $1,429,282. The disclosure for this purchase can be found here. 5.80% of the stock is currently owned by insiders.
PGT Innovations stock opened at $14.48 on Friday. PGT Innovations Inc has a one year low of $13.94 and a one year high of $26.40. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.20 and a current ratio of 2.85. The firm has a market cap of $849.13 million, a price-to-earnings ratio of 12.27, a P/E/G ratio of 0.74 and a beta of 1.03.
PGT Innovations (NYSE:PGTI) last issued its earnings results on Wednesday, February 27th. The construction company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. PGT Innovations had a return on equity of 22.09% and a net margin of 7.72%. The firm had revenue of $189.89 million for the quarter, compared to the consensus estimate of $173.39 million. During the same quarter last year, the business posted $0.18 EPS. The company’s revenue was up 41.6% compared to the same quarter last year. Equities research analysts expect that PGT Innovations Inc will post 1 earnings per share for the current fiscal year.
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PGT Innovations 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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