Systematic Financial Management LP lifted its stake in shares of PGT Innovations Inc (NASDAQ:PGTI) by 40.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 292,900 shares of the construction company’s stock after buying an additional 84,500 shares during the quarter. Systematic Financial Management LP owned approximately 0.59% of PGT Innovations worth $3,749,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in PGTI. Teachers Advisors LLC grew its position in shares of PGT Innovations by 2.6% during the fourth quarter. Teachers Advisors LLC now owns 84,326 shares of the construction company’s stock worth $966,000 after buying an additional 2,165 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of PGT Innovations by 1.5% during the first quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the construction company’s stock worth $215,000 after buying an additional 300 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of PGT Innovations by 4.7% during the first quarter. Great West Life Assurance Co. Can now owns 68,243 shares of the construction company’s stock worth $730,000 after buying an additional 3,036 shares in the last quarter. American Century Companies Inc. grew its position in shares of PGT Innovations by 4.5% during the first quarter. American Century Companies Inc. now owns 780,983 shares of the construction company’s stock worth $8,396,000 after buying an additional 33,878 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of PGT Innovations by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 541,037 shares of the construction company’s stock worth $5,815,000 after buying an additional 8,272 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

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PGT Innovations Inc (PGTI) opened at 14.00 on Wednesday. The company has a 50-day moving average price of $13.17 and a 200-day moving average price of $11.83. PGT Innovations Inc has a one year low of $9.50 and a one year high of $14.88. The firm has a market capitalization of $694.43 million, a P/E ratio of 25.04 and a beta of 0.93.

PGT Innovations (NASDAQ:PGTI) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. PGT Innovations had a return on equity of 28.98% and a net margin of 7.46%. The company had revenue of $137.38 million for the quarter, compared to the consensus estimate of $127.79 million. During the same period in the previous year, the business earned $0.15 EPS. PGT Innovations’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities research analysts anticipate that PGT Innovations Inc will post $0.60 EPS for the current year.

In other PGT Innovations news, Director Richard D. Feintuch sold 49,459 shares of PGT Innovations stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $13.19, for a total transaction of $652,364.21. Following the sale, the director now directly owns 81,051 shares in the company, valued at approximately $1,069,062.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brett N. Milgrim sold 8,322 shares of PGT Innovations stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $13.33, for a total value of $110,932.26. Following the sale, the director now owns 64,654 shares in the company, valued at $861,837.82. The disclosure for this sale can be found here. Insiders have sold a total of 66,675 shares of company stock worth $879,808 over the last 90 days. 6.50% of the stock is owned by company insiders.

A number of equities analysts have recently commented on the company. BidaskClub raised PGT Innovations from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. SunTrust Banks, Inc. reissued a “buy” rating on shares of PGT Innovations in a research report on Tuesday. Raymond James Financial, Inc. downgraded PGT Innovations from an “outperform” rating to a “market perform” rating in a research report on Friday, August 4th. FBR & Co reissued a “buy” rating and set a $15.00 price objective (up from $13.00) on shares of PGT Innovations in a research report on Monday, August 21st. Finally, TheStreet raised PGT Innovations from a “c+” rating to a “b-” rating in a research report on Thursday, June 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.00.

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 (NASDAQ:PGTI)

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