Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in PGT Innovations Inc (NYSE:PGTI) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,572 shares of the construction company’s stock, valued at approximately $220,000.

Several other large investors have also made changes to their positions in the stock. Victory Capital Management Inc. lifted its holdings in shares of PGT Innovations by 12.4% in the 2nd quarter. Victory Capital Management Inc. now owns 20,483 shares of the construction company’s stock valued at $427,000 after acquiring an additional 2,267 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of PGT Innovations by 27.2% in the 1st quarter. Citigroup Inc. now owns 14,236 shares of the construction company’s stock valued at $265,000 after acquiring an additional 3,042 shares during the last quarter. Swiss National Bank lifted its holdings in shares of PGT Innovations by 3.7% in the 1st quarter. Swiss National Bank now owns 86,400 shares of the construction company’s stock valued at $1,611,000 after acquiring an additional 3,100 shares during the last quarter. US Bancorp DE lifted its holdings in shares of PGT Innovations by 7.2% in the 1st quarter. US Bancorp DE now owns 56,135 shares of the construction company’s stock valued at $1,047,000 after acquiring an additional 3,776 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of PGT Innovations by 0.7% in the 1st quarter. Northern Trust Corp now owns 621,856 shares of the construction company’s stock valued at $11,598,000 after acquiring an additional 4,539 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

PGT Innovations stock opened at $25.35 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.47 and a current ratio of 4.24. PGT Innovations Inc has a 1-year low of $13.05 and a 1-year high of $25.95. The stock has a market capitalization of $1.28 billion, a P/E ratio of 41.56, a PEG ratio of 1.20 and a beta of 0.84.

PGT Innovations (NYSE:PGTI) last posted its quarterly earnings data on Monday, July 30th. The construction company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.10. PGT Innovations had a net margin of 9.90% and a return on equity of 26.98%. The company had revenue of $169.27 million for the quarter, compared to analyst estimates of $169.00 million. During the same period in the prior year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. sell-side analysts expect that PGT Innovations Inc will post 1.09 EPS for the current fiscal year.

A number of research analysts recently commented on PGTI shares. Gabelli downgraded shares of PGT Innovations from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a report on Thursday, June 14th. They noted that the move was a valuation call. B. Riley increased their price objective on shares of PGT Innovations from $20.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.00.

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

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