First Trust Advisors LP boosted its holdings in PGT Innovations Inc (NYSE:PGTI) by 18.9% during the 2nd quarter, reports. The fund owned 57,175 shares of the construction company’s stock after acquiring an additional 9,083 shares during the quarter. First Trust Advisors LP’s holdings in PGT Innovations were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Sei Investments Co. increased its position in PGT Innovations by 4,969.7% in the 1st quarter. Sei Investments Co. now owns 6,033 shares of the construction company’s stock valued at $112,000 after acquiring an additional 5,914 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in PGT Innovations in the 1st quarter valued at approximately $129,000. Bayesian Capital Management LP acquired a new stake in PGT Innovations in the 1st quarter valued at approximately $190,000. Element Capital Management LLC acquired a new stake in PGT Innovations in the 1st quarter valued at approximately $191,000. Finally, Profund Advisors LLC acquired a new stake in PGT Innovations in the 1st quarter valued at approximately $199,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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

Shares of PGTI stock opened at $22.00 on Monday. PGT Innovations Inc has a 1 year low of $13.05 and a 1 year high of $26.40. The firm has a market cap of $1.25 billion, a PE ratio of 36.07, a PEG ratio of 1.17 and a beta of 0.84. 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 (NYSE:PGTI) last issued its quarterly earnings results on Monday, July 30th. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.10. PGT Innovations had a return on equity of 26.98% and a net margin of 9.90%. The company had revenue of $169.27 million for the quarter, compared to analysts’ expectations of $169.00 million. During the same period last year, the firm earned $0.20 EPS. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. research analysts expect that PGT Innovations Inc will post 1.09 earnings per share for the current year.

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.

Further Reading: Price to Earnings Ratio (PE) Basics

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

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