PGT Innovations Inc (PGTI) Shares Bought by State of Alaska Department of Revenue
State of Alaska Department of Revenue boosted its stake in shares of PGT Innovations Inc (NASDAQ:PGTI) by 79.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,755 shares of the construction company’s stock after buying an additional 4,325 shares during the period. State of Alaska Department of Revenue’s holdings in PGT Innovations were worth $124,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Cooke & Bieler LP increased its stake in shares of PGT Innovations by 12.7% in the first quarter. Cooke & Bieler LP now owns 2,670,640 shares of the construction company’s stock valued at $28,709,000 after buying an additional 300,870 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of PGT Innovations by 0.6% in the first quarter. Lazard Asset Management LLC now owns 2,664,683 shares of the construction company’s stock valued at $28,645,000 after buying an additional 16,410 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of PGT Innovations by 5.9% in the first quarter. Vanguard Group Inc. now owns 2,503,414 shares of the construction company’s stock valued at $26,912,000 after buying an additional 140,242 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PGT Innovations by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,312,216 shares of the construction company’s stock valued at $24,855,000 after buying an additional 121,584 shares in the last quarter. Finally, ACK Asset Management LLC bought a new stake in shares of PGT Innovations during the first quarter valued at $13,541,000. 96.80% of the stock is owned by institutional investors and hedge funds.
PGT Innovations Inc (NASDAQ:PGTI) traded down 0.39% on Friday, reaching $12.85. The company’s stock had a trading volume of 195,543 shares. The firm has a market capitalization of $637.39 million, a P/E ratio of 22.99 and a beta of 0.93. PGT Innovations Inc has a 52-week low of $9.50 and a 52-week high of $13.85. The firm has a 50-day moving average price of $12.86 and a 200 day moving average price of $11.59.
PGT Innovations (NASDAQ:PGTI) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.03. PGT Innovations had a return on equity of 8.95% and a net margin of 2.66%. The business had revenue of $137.38 million during the quarter, compared to analyst estimates of $127.79 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. Equities analysts anticipate that PGT Innovations Inc will post $0.60 earnings per share for the current fiscal year.
Several brokerages recently weighed in on PGTI. Zacks Investment Research raised PGT Innovations from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Raymond James Financial, Inc. downgraded PGT Innovations from an “outperform” rating to a “market perform” rating in a report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $13.00 price target on shares of PGT Innovations in a report on Monday, May 15th. Finally, TheStreet raised PGT Innovations from a “c+” rating to a “b-” rating in a report on Thursday, June 22nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $13.00.
In other PGT Innovations news, Director Brett N. Milgrim sold 8,322 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $13.33, for a total transaction of $110,932.26. Following the completion of the transaction, the director now owns 64,654 shares in the company, valued at approximately $861,837.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard D. Feintuch sold 49,459 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $13.19, for a total value of $652,364.21. Following the transaction, the director now owns 81,051 shares of the company’s stock, valued at approximately $1,069,062.69. The disclosure for this sale can be found here. Insiders own 6.50% of the company’s stock.
About PGT Innovations
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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